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Energy Transfer to Acquire Enable Midstream in $7 Billion All-Equity Transaction
February 17, 2021
Energy Transfer and Enable Midstream Partners have entered into a definitive merger agreement where Energy Transfer will acquire Enable in an all-equity transaction valued at approximately $7.2 billion. Positive Financial Impact The transaction furthers Energy Transfer’s deleveraging efforts as it
Louisiana Gov. Edwards at Odds With Biden Administration’s Oil and Gas Policy
February 17, 2021
Gov. John Bel Edwards disagrees with President Joe Biden’s targeting of fossil fuel industries and wants the White House to reconsider its decision to pause new oil and gas drilling leases in the Gulf of Mexico, the Louisiana governor’s administration
Louisiana Officials: U.S. Can Fight Climate Change, Still Drill for Oil
February 16, 2021
Offshore oil exploration can go hand-in-hand with President Joe Biden’s stated goals of reducing carbon emissions and fighting climate change, Louisiana officials argued Wednesday. State government and business leaders said they are deeply concerned about the federal government’s current 60-day
Senator Manchin Emphasizes Natural Gas in Second Letter to Biden
February 16, 2021
For the second time, U.S. Sen. Joe Manchin, D-W.Va., has reached out to President Joe Biden on energy policy. Manchin, the chairman of the Senate Energy and Natural Resources Committee, wrote to the president Friday in support of natural gas
Alberta Allocates $316 Million Funding for Inactive Oil and Gas Site Cleanup
February 16, 2021
The Alberta government in Canada has announced a funding of CAD$400 million ($315.9 million) to help in the cleanup of inactive oil and gas sites across the province. It will provided in two new rounds of the federal CAD$1 billion
Interior Department Postpones March’s Onshore and Offshore Leases
February 16, 2021
The Interior Department said Friday that it is postponing onshore and offshore oil lease sales planned for next month in line with President Joe Biden’s executive order on climate change. The Jan. 27 order instructed federal agencies to suspend oil
U.S. Oil Rig Count Sees Another Weekly Gain
February 15, 2021
U.S. drillers last week added oil and natural gas rigs for a 12th week in a row, the longest streak of additions since June 2017, as crude prices hit their highest in more than a year. The oil and gas
TC Energy Cancels Binding Open Season for the Keystone Pipeline System
February 15, 2021
TC Energy has cancelled an open season launched on January 6, 2021 to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty, Alberta to Patoka, Illinois. The capacity offered would have become available when
New Mexico Asks Biden Administration to Resolve Drilling Policy Confusion
February 15, 2021
New Mexico officials are asking the Biden administration to resolve confusion in the state’s oil and gas industry over a 60-day pause on allowing state-level staff to issue approvals for new federal lands drilling. In a letter dated Feb. 9
TC Energy Agrees to Acquire TC PipeLines for $1.68 Billion
February 12, 2021
Canadian energy company TC Energy has agreed to acquire the remaining shares that it does not own in TC PipeLines for approximately $1.68 billion. The latest move follows an offer made by the company to acquire all the outstanding common
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