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ExxonMobil, CF Industries, Enlink Enter Landmark Deal for Louisiana Carbon Capture Project
October 14, 2022
CF Industries, a leading global manufacturer of hydrogen and nitrogen products, has entered into the largest-of-its-kind commercial agreement with ExxonMobil to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in
OPEC Cuts 2022, 2023 Oil Demand Growth View as Economy Slows
October 14, 2022
OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year’s figure, citing slowing economies, the resurgence of China’s COVID-19 containment measures and high inflation. Oil demand
Schlumberger Invests $11.5 Million to Create North Gulf Coast Operations Hub in Lafayette, Louisiana
October 13, 2022
Schlumberger said it will invest $11.5 million to centralize its North Gulf Coast (NGC) divisions at a newly renovated operations hub in Lafayette. The company will create 44 new direct jobs and more than $4 million of new annual payroll
Republican State Treasurers Withdraw $1 Billion from BlackRock Over ESG Investments
October 13, 2022
The world’s largest asset manager is facing $1 billion in withdrawals from Republican state treasurers because of the financial giant’s investment priorities, according to published reports. BlackRock, which manages $8.5 trillion, has come under fire for its aggressive push on
State of Texas Cuts Ties with Environmental and Social Governance Companies
October 13, 2022
If a financial company does not invest in oil and gas, it can’t do business with the state of Texas. It’s a law passed during the last legislative session and it targets companies that the state defines as boycotting oil
Flush with Cash, EPA Could Toughen Methane Rules
October 13, 2022
Thanks to the Inflation Reduction Act, EPA is slated to receive a windfall of more than $40 billion over the next 10 years. Americans could get a hint next week whether the extra money is going to translate into tougher
DOI Appoints Environmental Enforcement Team, Orphaned Oil Well Advisers
October 13, 2022
The U.S. Department of the Interior has made additional administration appointees who it said will work to fulfill the agency’s mission to steward America’s public lands and waters, pursue environmental justice, and build nation-to-nation relationships with Tribes. The appointees are:
Diamondback Energy to Acquire FireBird Energy’s Midland Basin Assets for $1.6 Billion
October 12, 2022
Diamondback Energy has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash. The expected closing date late
Mining Industry Faces ESG, Government Tax Pressures
October 12, 2022
Miners are under increasing pressure from the challenges of meeting their environmental, social, and governance (ESG) mandates as governments all over the world set their sights on the industry to fill gaps in their tax revenue, according to an EY
Canada Issues Draft Guidance on Oil and Gas Projects’ GHG Emissions Performance
October 11, 2022
The government of Canada has released a draft guidance, directing new oil and gas projects to maintain ‘best-in class’ greenhouse gas emissions (GHG) emissions performance. The release of guidance follows the government’s initial announcement in this matter, made in April
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