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Hess Achieves Leadership Status in CDP’s Global Climate Change Report
December 10, 2020
Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. Hess has earned leadership status for 12 consecutive years from CDP, an international nonprofit that runs a global environmental disclosure system for investors, companies, cities,
Whitecap Resources Signs $703 Million Merger Deal with TORC Oil & Gas
December 9, 2020
Whitecap Resources has signed an all-stock merger deal worth around C$900 million ($703.4 million) with rival Canadian energy company TORC Oil & Gas. The consideration includes TORC’s net debt of C$335 million ($261.8 million), which will be assumed by Whitecap
88 Energy Signs Rig Contract for Project Peregrine in Alaska
December 9, 2020
88 Energy, an Australia-based oil and gas company, has executed a rig contract with All American Oilfield for its Peregrine Project in the NPR-A region of the North Slope of Alaska. The contracted rig will be used to drill the
Federal Court Rejects Approval for Hilcorp’s Liberty Project in the Beaufort Sea, Alaska
December 9, 2020
A federal appeals court has overturned approval for Hilcorp’s Liberty Project, an offshore drilling prospect located east of Deadhorse, in the Beaufort Sea. Liberty Project received key approval from the federal government in Oct. 2018 to become the first oil
Bipartisan ACCESS 45Q Bill Enhances 45Q Tax Credit for Carbon Capture Utilization and Storage
December 9, 2020
U.S. Representatives Marc Veasey (TX-33) and David B. McKinley, P.E., (W.Va.-1) introduced the Accelerating Carbon Capture and Extending Secure Storage through 45Q (ACCESS 45Q) Act. This bipartisan legislation extends the date for projects to begin construction to claim the 45Q
U.S. LNG Activity Hits Fresh High Record
December 9, 2020
U.S. LNG feedgas deliveries hit a new record of almost 11.5 Bcf/d as Asian import prices continued to show strength heading into the peak winter demand period, S&P Global Platts Analytics data showed. Cheniere Energy’s Sabine Pass terminal was operating
Wyoming Gov. Mark Gordon Completes Review of Giant Oil and Gas Project in Converse County
December 8, 2020
Gov. Mark Gordon has completed his review of a major oil and gas project proposed for Converse County, with public officials expecting to receive final federal approval by the end of year. If federal regulators give the project a green
Max Midstream to Develop New U.S. Crude Export Hub Following Acquisition from Oaktree
December 8, 2020
Max Midstream unveiled plans on Sept. 23 to develop a new export hub for U.S. crude oil on the Texas Gulf Coast following the acquisition of the Seahawk Pipeline and Terminal from Oaktree Capital Management LP. The revitalized terminal located
BLM Sets Oil and Gas Lease Sales for December 8 in Nevada and California
December 8, 2020
The Bureau of Land Management plans to offer 20 parcels for oil and natural gas lease in Nevada and seven parcels for lease in California in December. Nevada The parcels total 24,940 acres and are all in Nye County, Nevada.
Pa. DEP Advancing New Rules for Conventional Oil Wells After Wolf Vetoes Senate Bill 790
December 8, 2020
The Pennsylvania Department of Environmental Protection is pushing ahead to strengthen regulations specific to the state’s conventional oil and gas industry. But first it is trying to win back the industry’s confidence. Proposed updates to the rules have stagnated for
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