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API Responds to President’s Remarks on Gas Prices, SPR and Domestic Production
April 4, 2022
Following remarks from President Biden Thursday, March 31, on energy prices and an announcement to release 180 million barrels of oil from the Strategic Petroleum Reserve (SPR), the American Petroleum Institute urged the administration to embrace a government-wide approach to
Liberty Lift Acquires Elite Lift Solutions and Powder River Hydraulics
April 4, 2022
Liberty Lift has acquired the assets of Elite Lift Solutions and Powder River Hydraulics, with facilities in Dickinson and Williston, North Dakota, as well as Gillette, Wyoming. “It’s very exciting to have the Elite Lift Solutions and Powder River Hydraulics
U.S. Liquefied Natural Gas Exports Rise 16% to New Record
April 4, 2022
U.S. liquefied natural gas (LNG) exports rose nearly 16 percent last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is in high demand as European countries try to cut
Santos Dispute with ConocoPhillips Snags Alaska Oil Project, Stake Sale
April 4, 2022
Australia’s Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state’s government. The dispute could also delay Santos’s
ExxonMobil Suspends Russian Far East LNG Project
April 4, 2022
ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions. ExxonMobil said last month it
IOG Resources Acquires Delaware Basin Producing Assets
April 1, 2022
IOG Resources has acquired producing oil and gas assets in the Delaware Basin from Tier 1 Merced Holdings. The assets consist of non-operated wellbores primarily located in Eddy and Lea counties, New Mexico. With this acquisition, IOGR adds net production
Energy Transfer Joins in Rush to Build Permian Gas Pipeline
April 1, 2022
Energy Transfer has joined a growing list of energy companies looking to build the next pipeline to transport growing amounts of natural gas production from the Permian Basin, the largest U.S. shale field, in West Texas and eastern New Mexico
EQT Launches New U.S. LNG Advocacy Campaign
April 1, 2022
EQT Corporation unveiled its plan to unleash U.S. LNG to address the energy needs of our allies and advance climate efforts by targeting the replacement of international coal. The release of the new plan comes as natural gas takes center
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
March 31, 2022
Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday. “The
Biden Tapping Oil Reserve for 6 Months in a Bid to Control Gasoline Prices
March 31, 2022
President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have spiked as
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