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DOE Awards Contracts for Sale of Crude Oil from Strategic Petroleum Reserve
March 8, 2021
The U.S. Department of Energy’s (DOE) Office of Fossil Energy has awarded contracts from the recent congressionally-directed Strategic Petroleum Reserve (SPR) crude oil sale. On February 11, 2021, DOE issued a notice of sale for a price-competitive sale of 10.1
West Virginia’s Oil and Gas Industry Looks to the Future Following Hard Hit in 2020
March 8, 2021
U.S. consumption of natural gas is expected to average 81.7 billion cubic feet per day throughout 2021, down about 1.9 percent from 2020, according to forecasts from the U.S. Energy Information Administration. In the EIO’s Short-Term Energy Outlook report published
Brent Hits $70 for First Time Since Pandemic Began After Saudi Attack
March 8, 2021
Oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the U.S. Senate passed a $1.9 trillion economic stimulus package and a Yemeni group attacked Saudi Arabia’s oil industry. Benchmark Brent
Bridger Pipeline, Seahorse Pipeline Launch Open Season for Transportation Capacity
March 5, 2021
Bridger Pipeline and Seahorse Pipeline, a subsidiary of Tallgrass Energy, have launched an open season for joint tariff transportation service from the Williston Basin and local tariff transportation service from Guernsey, Wyoming, to Midcontinent and Texas destinations. Crude oil transportation
ARM Energy Acquires Leading Canadian Energy Marketing Firm, Boomerang Energy Marketing
March 5, 2021
ARM Energy Holdings has acquired Boomerang Energy Marketing, a Calgary-based energy marketing firm. Boomerang provides oil, natural gas, NGL, sulphur and electricity marketing and trading expertise to energy companies. Led by founders Jeff Smith and Stephen Frank, Boomerang will become
Chevron Signs Definitive Agreement to Acquire Noble Midstream
March 5, 2021
Chevron Corporation and Noble Midstream Partners have entered into a definitive agreement for Chevron to acquire all (33.925 million) of the publicly held common units representing the limited partner interests in Noble Midstream, not already owned by Chevron and its
OPEC+ Extends Most Oil Output Cuts Into April, Saudi Arabia Keeps Voluntary Curb
March 5, 2021
OPEC and its allies agreed to extend most oil output cuts into April, offering small exemptions to Russia and Kazakhstan, after deciding that the demand recovery from the coronavirus pandemic was still fragile despite a recent oil price rally. OPEC’s
House Democrats Seek Reform of Federal Lands Drilling Program
March 5, 2021
U.S. Democratic lawmakers in Congress on Tuesday introduced a set of bills to reform federal oil and gas leasing regulations, including by raising royalty rates and toughening cleanup requirements. The bills would update decades-old laws governing oil and gas drilling
Long Ridge Energy Terminal to Add Hydrogen Fuel Capability, Ohio
March 4, 2021
With global energy solutions leader Black & Veatch as program manager, Ohio’s Long Ridge Energy Generation is retrofitting its 485-megawatt (MW) combined-cycle power plant to run on a blend of natural gas and carbon-free hydrogen, making it the nation’s first
Clean Energy Fuels and Total Sign Joint Venture to Develop Carbon-Negative Fuel and Infrastructure
March 4, 2021
Clean Energy Fuels and its largest shareholder, Total, formed a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as well as credit support to build additional downstream RNG fueling infrastructure. The initial
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