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Enbridge and Oxy Explore Development of CO2 Pipeline Transportation and Sequestration Hub, Texas
December 1, 2022
Enbridge and Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental, intend to work towards jointly developing a carbon dioxide (CO2) sequestration hub in the Corpus Christi area of the Texas Gulf Coast. Enbridge and OLCV signed a letter of
NGTL Receives Canadian Government Approval for WP2023 Pipeline Project
December 1, 2022
NOVA Gas Transmission (NGTL) has secured approval from the Canadian government for its West Path Delivery 2023 (WP2023) pipeline project in Alberta, Canada. According to the Canadian government, its approval follows a stringent assessment from the Canada Energy Regulator (CER).
Oil Up Over $2 on Tighter Supply While OPEC+ Talks Limit Gains
December 1, 2022
Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a
EIA: U.S. Oil Output Climbs to Highest Since March 2020
December 1, 2022
U.S. oil output climbed 2.4 percent to 12.27 million barrels per day (bpd) in September, government figures showed on Wednesday, the highest since the start of the COVID-19 pandemic. Among top oil producing states, monthly output in Texas rose 1.8
BOEM Publishes Final Notice of Sale for December Cook Inlet Lease Sale
November 30, 2022
In compliance with the Inflation Reduction Act of 2022 (IRA), the Bureau of Ocean Energy Management (BOEM) today announced it will offer approximately 958,202 acres off Alaska’s southcentral coast in a lease sale scheduled for Dec. 30, 2022. The IRA
Shell to Acquire Danish RNG Producer Nature Energy Biogas for $2 Billion
November 30, 2022
Nature Energy Biogas has entered into a definitive agreement under which Shell Petroleum NV, a wholly owned subsidiary of Shell will acquire 100 percent of the company for a total enterprise value of nearly $2 billion. Nature Energy owns and
Coterra Energy to Pay $16.29 Million in Pennsylvania Water Contamination Plea
November 30, 2022
U.S. shale producer Coterra Energy pleaded no contest for contaminating well water in Dimock, Pennsylvania, and will pay $16.29 million to construct a new means of water supply to its residents, the state attorney general said on Tuesday. The Houston-based
U.S. Watchdog Seeks Cybersecurity Strategy for Offshore Energy Infrastructure
November 29, 2022
A U.S. watchdog in a report made public on Thursday asked the federal regulator of offshore oil and gas infrastructure to come up with a cybersecurity strategy for the more than 1,600 facilities under its oversight. The Government Accountability Office
Northern Oil and Gas to Acquire Alpha Energy Partners’ Delaware Basin Assets for $157.5 Million
November 29, 2022
NOG has entered into a definitive agreement to acquire certain non-operated interests in the Delaware Basin from Alpha Energy Partners for an initial purchase price of $157.5 million in cash, subject to typical closing adjustments. NOG expects to fund the
Enbridge Greenlights CA$3.6 Billion of T-South Pipeline Segment of B.C. Pipeline System
November 29, 2022
Enbridge has completed an open season for increased transportation capacity on the T-South segment of its B.C. Pipeline, a natural gas pipeline system, which originates near Chetwynd, British Columbia (B.C.) and extends south to the Canada-U.S. border at Huntingdon-Sumas. The
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