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Biden Halts Oil, Gas, and Coal Leases, Permits on U.S. Land and Water
January 25, 2021
The Biden administration said Thursday a 60-day suspension of new oil and gas leasing and drilling permits for U.S. lands and waters as officials moved quickly to reverse Trump administration policies on energy and the environment. The suspension, part of
Pembina Pipeline Launches Binding Open Season on Cochin Pipeline
January 22, 2021
Pembina Pipeline Corporation said that PKM Cochin and Pembina Cochin have launched an open season to obtain binding commitments for the transport of light condensate on the Cochin Pipeline. The open season begins January 19, 2021 at 8:00 a.m. MST
President Biden Moves Swiftly to Dismantle Trump’s Oil Legacy
January 22, 2021
President Joe Biden wasted little time in moving to undo some of his predecessor’s signature actions – most notably for the oil industry a block on development of the Keystone XL pipeline and a ban on further lease sales in
FERC Upholds Oregon’s Denial of Key Permit to Jordan Cove LNG Project
January 22, 2021
Pembina Pipeline’s proposed $10 billion Jordan Cove LNG Project and its associated pipeline in Oregon have hit a fresh regulatory snag after the U.S. Federal Energy Regulatory Commission (FERC) upheld the state’s denial to a key permit. In May 2019,
Chart Industries to Acquire Sustainable Energy Solutions, Inc. for $20 Million
January 21, 2021
Chart Industries, Inc. signed an exclusive letter of intent to acquire Sustainable Energy Solutions, Inc. (SES), subject to execution of definitive transaction documentation, for $20 million in cash and an associated earn-out. The deal is expected to close in the
MD America Energy Completes Financial Restructuring, Successfully Emerges from Chapter 11
January 21, 2021
MD America Energy and its subsidiaries have emerged from voluntary Chapter 11 protection, successfully completing its financial restructuring process. The company’s plan of reorganization was confirmed without reservation by the United States Bankruptcy Court for the Southern District of Texas
Fluor Launches New Business Segments, to Divest Its Maintenance Services Business
January 21, 2021
Fluor Corporation has released an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy. Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments: Energy Solutions,
Datagration™ Acquires Mosaic Petroleum Analytics to Expand the PetroVisor™ Platform
January 20, 2021
Datagration™ has acquired Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs. The acquisition is the latest in a period of growth for Datagration™ to expand the capabilities of its PetroVisor™ platform. The
ConocoPhillips Completes Acquisition of Concho Resources
January 20, 2021
ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it
Fossil Fuel Production Expected to Increase through 2022 But Remain Below 2019 Peak
January 19, 2021
In 2020, fossil fuel production in the United States declined by an estimated 6 percent from the 2019 record high of 81.3 quadrillion British thermal units (Btu). Based on forecasts in the U.S. Energy Information Administration’s (EIA) January 2021 Short-Term
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