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Oasis Petroleum Enters Agreements to Sell Its Permian Basin Assets for $481 Million
May 25, 2021
Oasis Petroleum has entered into a series of definitive agreements to sell its entire Permian Basin position for total gross potential consideration of $481 million. The total consideration consists of $406 million at closing and up to three $25 million
OPEC: IEA Net-Zero Pathway Could Add to Oil Price Volatility
May 25, 2021
OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund
U.S. Oil Rig Count Rises to Highest Level Since April 2020
May 24, 2021
U.S. energy firms added oil and natural gas rigs for a fourth week in a row as higher oil prices prompt some drillers to return to the well pad. The oil and gas rig count, an early indicator of future
Talks Between Enbridge and Michigan to Continue Over Line 5 Standoff, Remains Operational
May 24, 2021
The mediator in the dispute between Enbridge and the state of Michigan over the controversial Line 5 pipeline says the two sides plan to keep talking. Retired U.S. district court judge Gerald Rosen, who was appointed in March to oversee
Major Setback for Climate Litigation Campaign: SCOTUS Rules in Favor of Energy Companies
May 21, 2021
The Supreme Court of the United States dealt another major blow to the climate litigation campaign on Monday, overwhelmingly siding with energy companies on a procedural question that will impact many of the other state and municipal climate liability cases
Halliburton and TGS Collaborate to Advance Seismic Reservoir Monitoring
May 21, 2021
Halliburton and TGS-NOPEC Geophysical ASA will collaborate to bring advanced seismic imaging to fiber optic sensing. The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage. The Halliburton FiberVSP™
Kerry Says U.S. Examining Carbon Border Tax, Sees Risks
May 20, 2021
U.S. special envoy for climate John Kerry said Tuesday that Washington is looking into the possibility of introducing a fee on imports from countries that don’t tax heavy polluters, but cautioned that such a move could carry risks “downstream.” Kerry
UGI Releases Its ESG Report, Establishes Ambitious Safety Goals and Advances D&I Initiatives
May 20, 2021
UGI Corporation eleased its third Environmental, Social and Governance (ESG) report titled, The Foundation of a Renewable Energy Future. The report highlights UGI’s commitment to be a leader in the renewable energy space by providing energy solutions that are sustainable,
EPA to Hold Public Listening Sessions and Trainings on Upcoming Oil and Natural Gas Methane Rule
May 19, 2021
The U.S. Environmental Protection Agency (EPA) is taking the first step to develop a proposed rule to reduce methane and other harmful pollutants from new and existing sources in the oil and natural gas industry, beginning with a broad public
Biden Administration Looking to Capture Carbon from Gas and Manufacturing
May 19, 2021
The Biden administration intends to focus more on capturing the carbon emissions of natural gas plants and industrial manufacturing facilities than from coal-fired power, a top Energy Department official said. It’s a shift for the federal government’s carbon capture program,
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