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Strike Files for Bankruptcy, To Sell Assets to Stalking Horse Bidder American Industrial Partners
December 7, 2021
Strike has entered into an asset purchase agreement with affiliates of American Industrial Partners, (AIP), the company’s largest debtholder, to which AIP will acquire substantially all of the company’s assets. To facilitate the transaction process, the company filed voluntary petitions
Energy Transfer Completes Acquisition of Enable Midstream
December 6, 2021
Dallas-based Energy Transfer and Oklahoma City-based Enable Midstream Partners have completed their previously announced merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy (CNP) and OGE Energy (OGE), which together owned approximately
Venture Global to Spend Over $10 Billion on Fourth Louisiana LNG Plant
December 6, 2021
U.S. liquefied natural gas (LNG) company Venture Global LNG said on Thursday that it will invest more than $10 billion to develop a fourth LNG export facility in Louisiana. The proposed CP2 facility will be located adjacent to its Calcasieu
U.S. Drillers Keep Oil and Gas Rig Count Steady
December 6, 2021
U.S. energy firms this week maintained the number of oil and natural gas rigs with oil prices on track to fall for a sixth week in a row. The U.S. oil and gas rig count, an early indicator of future
New Variant Fears Disrupt Start of Top U.S. Energy Conference World Petroleum Congress
December 6, 2021
The World Petroleum Congress kicks off this week with a sharply trimmed roster of energy executives and government ministers to grapple with the oil market’s future as the spread of the Omicron COVID-19 variant disrupted travel. This year’s four-day event,
Palantir Technologies and Kinder Morgan Sign Multi-Year Agreement to Strengthen Pipeline Operations
December 3, 2021
Palantir Technologies and Kinder Morgan entered into a multi-year partnership to deploy Palantir’s data integration software platform, Foundry, in Kinder Morgan’s storage operations to drive efficiency and safety. Kinder Morgan will deploy Foundry to optimize its U.S.- based gas storage
Biden Administration Continues Attacking Domestic Energy
December 2, 2021
The U.S. Department of the Interior (DOI), in conjunction with the White House, released the Biden administration’s report on oil and gas leasing in the U.S. House Committee on Natural Resources Ranking Member Bruce Westerman (R-Ark.) issued the following statement
Decommissioned Escalante Coal Power Plant to Be Redeveloped Into Hydrogen Plant, New Mexico
December 2, 2021
A decommissioned powered energy plant is set for re-development and the new source of fuel is none other than fuel. The Escalante coal power plant was operating for over 30 years before it was decommissioned in 2020 and at the
Pembina Nixes Jordan Cove LNG Plant Project, Oregon
December 2, 2021
A unit of Canadian energy company Pembina Pipeline Corp on Wednesday told U.S. energy regulators that it would not move forward with its proposed Jordan Cove liquefied natural gas (LNG) export plant in Oregon. Pembina paused development of the project
Michigan Drops Federal Case Against Enbridge Pipeline to Clear Way for State Court Case
December 1, 2021
Michigan’s governor on Tuesday said she will dismiss her lawsuit against Enbridge’s Line 5 oil pipeline in federal court, clearing the way for the Midwestern state’s attorney general to pursue a separate case in state court. The move is a
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