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Independence Energy and Contango Oil & Gas to Merge in $5.7 Billion Deal
June 23, 2021
Independence Energy and Contango Oil & Gas Company have entered into a definitive agreement to combine in an all-stock transaction. The combination, which was unanimously approved by both companies’ boards of directors, will create a premier, diversified, and low leverage
Haisla Nation Partners with Pembina Pipeline to Develop $2.4 Billion Cedar LNG Project, Canada
June 23, 2021
The Haisla Nation and Pembina Pipeline Corporation have entered into a partnership agreement where Pembina will become the Haisla Nation’s partner in the development of the proposed Cedar LNG Project. The project is strategically positioned to leverage Canada’s abundant natural
Argo Infrastructure Partners to Acquire MIC Hawaii
June 22, 2021
Macquarie Infrastructure Corporation (MIC) signed a merger agreement with an affiliate of Argo Infrastructure Partners. At closing the company’s MIC Hawaii businesses will become a wholly-owned subsidiary of Argo for expected consideration of $3.83 per unit. The transaction is expected
Worley Secures Services Contract at Parkland’s Burnaby Refinery, Canada
June 22, 2021
Worley has secured a services contract with Parkland Refining for its strategic projects at the Burnaby refinery in British Columbia, Canada. Under the contract, Worley will provide consulting, engineering, procurement, construction management, and commissioning services to support the strategic projects
Pembina and TC Energy Partner to Create World-Scale Carbon Transportation and Sequestration Solution
June 21, 2021
Pembina Pipeline Corporation and TC Energy Corporation will jointly develop a world-scale carbon transportation and sequestration system which, when fully constructed, will be capable of transporting more than 20 million tonnes of CO2 annually. By leveraging existing pipelines and a
U.S. Oil Rig Count Hits Highest Level Since April 2020
June 21, 2021
U.S. energy firms last week added oil and natural gas rigs for a second week in a row as crude prices rose to their highest since 2018, prompting some drillers to return to the well pad. The oil and gas
Enbridge Line 3 Oil Pipeline Scores a Key Win as Minnesota Court Affirms Approval
June 17, 2021
The Minnesota Court of Appeals on Monday affirmed a state regulator’s decision that there is sufficient need for Enbridge’s Line 3 oil pipeline replacement, handing the company a major victory in its lengthy battle with environmental opponents. The decision clears
Federal Judge Blocks Biden Pause on New Oil and Gas Leases
June 17, 2021
A federal judge blocked President Joe Biden’s pause on issuing new oil and gas leases on federal lands and waters, preventing his administration from carrying out one of its premier policies to combat climate change. Judge Terry Doughty of the
Interest in Shell’s Permian Assets Seen as a Bellwether for Shale Demand
June 17, 2021
A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell’s holdings in the largest U.S. oil field as the European giant considers an exit from the Permian Basin, according to market experts. The potential sale
Greenlane Renewables Signs $9.8 Million Landfill Gas-to-RNG Contract
June 16, 2021
Greenlane Renewables said its wholly-owned subsidiary, Greenlane Biogas North America, has signed a contract valued at approximately $9.8 million (US$8.1 million) for supply of equipment for a new renewable natural gas project in the midwest United States. This project will
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