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EIG Signs $12.4 Billion Infrastructure Deal with Aramco
April 12, 2021
EIG has entered into a lease and lease-back agreement with Saudi Arabian Oil Co. (Aramco), under which a consortium of investors led by EIG will acquire a 49 percent equity stake in Aramco Oil Pipelines Company, a newly formed entity
Army Corps Lets Energy Transfer’s Dakota Access Pipeline Stay Open During Review
April 12, 2021
The Army Corps of Engineers on Friday said it will allow Energy Transfer’s Dakota Access oil pipeline to keep running during an environmental review, a blow to activists who wanted the line shut after a key environmental permit was scrapped
Rice Gets Into Renewable Gas With $1.2 Billion SPAC Deal
April 12, 2021
Rice Acquisition Corp. will merge with two other companies to create a $1.15 billion renewable natural gas giant. Rice will combine with Aria Energy Operating and Archaea Energy, with the new company taking Archaea’s name, it said in a press
Cheniere Energy Publishes Climate Scenario Analysis Report
April 12, 2021
Cheniere Energy has published a Climate Scenario Analysis Report. The report analyzes the long-term resilience of Cheniere’s business and the potential implications for LNG supply and demand in various future climate scenarios through 2040, including the IEA Sustainable Development Scenario,
Enerplus to Acquire Hess’ Williston Basin Assets for $312 Million
April 9, 2021
Canadian oil and gas firm Enerplus has agreed to acquire Hess’ assets in the Williston Basin for $312 million in cash. The assets involved in the deal are Hess’ non-core interests in the Little Knife and Murphy Creek acreage in
Max Midstream to Start Texas Crude Exports in May
April 9, 2021
Startup Max Midstream plans to put a new Texas crude export hub on the map in early-May when it ships its first cargo that is bound for northwestern Europe, founder and president Todd Edwards said in an interview. Max will
California’s Move to Ban Fracking by 2027 Puts Jobs, Livelihoods at Risk
April 9, 2021
Answering the call of Gov. Newsom, Democratic California lawmakers introduced a bill to ban fracking by 2027, in the fifth largest economy in the world. The bill, from Democratic state Sens. Scott Wiener of San Francisco and Monique Limon of
Court Tosses Trump Rule Limiting Emissions Regulations
April 9, 2021
A panel of federal appeals judges Washington, D.C., on Monday nixed a Trump administration rule that would have prevented the Environmental Protection Agency (EPA) from setting greenhouse gas limits on multiple polluting industries. The rule, finalized just before President Trump
Northern Oil and Gas Closes $250 Million Acquisition of Reliance Marcellus
April 8, 2021
Northern Oil and Gas has closed on its acquisition of properties owned by Reliance Marcellus. “We are pleased to have closed this transformational acquisition, which enhances our high-return national non-operated business model with a key move into the Marcellus,” said
NextDecade Completes Evaluation of Galveston Bay LNG Site, Texas
April 8, 2021
NextDecade Corporation has completed an evaluation of the Galveston Bay LNG site and determined that the site in Texas City is not suitable for development of an LNG facility and related infrastructure and utilities. The U.S. Army Corps of Engineers
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