Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

American Petroleum Institute Releases Statement on Social Cost of GHG Emissions

March 3, 2021

The American Petroleum Institute (API) responded to the Biden administration’s announcement to update the social cost of greenhouse gas (GHG) emissions and signaled the industry’s commitment to working with the administration to shape a lower-carbon future. “As the U.S. works

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House Passes Major Public Lands Package

March 3, 2021

The House on Friday passed a sprawling conservation bill 227-200 aimed at preserving land and water in Arizona, Colorado, California, and Washington state.  The legislation, called the Protecting America’s Wilderness and Public Lands Act, combined eight bills that had previously

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Deloitte Touche Report: Upstream Deals Could Rise in 2021

March 3, 2021

Oil and gas mergers and acquisitions, already undercut by a lack of investor interest in the sector and little industry access to cash, was further impacted in 2020 by the global COVID-19 pandemic and oil market crash. According to Deloitte,

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Baker Hughes and Akastor to Merge Offshore Oil Drilling Equipment Units in New Joint Venture

March 2, 2021

Baker Hughes and Akastor have entered into an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth. The company will deliver a global full-service offshore

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U.S. Drillers Add Rigs for Seventh Consecutive Month, Pace Slows

March 2, 2021

U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed even as oil prices rose to their

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Texas Lawmakers Kick Off Investigation Into Deadly Power Blackout

March 1, 2021

Texas state lawmakers dug into the causes and cast blame on Thursday for deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Dual hearings in

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Pickering and SailingStone Merge to Form Leading Global Natural Resources Financial Services Firm

February 26, 2021

Pickering Energy Partners (PEP), a Houston-based energy financial services firm, announced a merger with SailingStone Capital Partners, an investment firm specializing in the global natural resources sector. The new partnership expands Pickering Energy Partners’ current investment platform to include SailingStone’s

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Chevron Commits $300 Million Toward Low-Carbon Technology Investments

February 26, 2021

Chevron Technology Ventures (CTV) launched its $300 million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all. With the first Future Energy Fund launched in 2018, CTV invested in

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FERC Opens Review for Certification of New Interstate Natural Gas Facilities

February 25, 2021

The Federal Energy Regulatory Commission (FERC) reopened its review of the 1999 policy statement on the Certification of New Interstate Natural Gas Facilities by asking for new information and additional perspectives that would assist the commission in moving forward with

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Partners Group Acquires Resilient Infrastructure Group

February 25, 2021

Partners Group has acquired Resilient Infrastructure Group, a recognized leader in water as a service and focused on acquiring, developing and managing a portfolio of wastewater, water, and related infrastructure assets in the U.S. and Canada. The acquisition will allow

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