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REG Energy Group to Expand Geismar Renewable Diesel Plant, Louisiana
November 3, 2020
Renewable Energy Group (REG) has announced plans to expand the capacity of its Geismar renewable diesel plant in Louisiana, US. Construction on the expansion of the plant, which currently has a capacity to produce 250 million gallons annually, is expected
U.S. Raises $3 Million in New Mexico Oil Auction
November 2, 2020
The Trump administration on Thursday held an auction for oil and gas leases on more than 7,000 acres in New Mexico, its last before a U.S. election that is expected to determine the future of drilling on public lands. The
Baker Hughes: U.S. Drillers Add Most Oil and Gas Rigs in a Month Since May 2018
November 2, 2020
The U.S. oil and natural gas rig count rose in October for the third straight month and drillers added the most rigs in a month since May 2018 as some returned to the well pad after crude prices steadied. The
Ring Energy Terminates Purchase and Sale Agreement of Its Delaware Basin Acreage
November 2, 2020
Ring Energy said the prospective buyer was unable to consummate the closing of the company’s Delaware Basin assets located in Culberson and Reeves Counties, Texas. “We are very disappointed that the buyer was unable to complete this important and highly
Cummins to Invest $25 Million at Its Seymour Engine Plant, Indiana
November 2, 2020
Global technology and power solutions leader Cummins, with the support of the Indiana Economic Development Corporation (IEDC), the City of Seymour, Indiana and Duke Energy plans to invest more than $25 million at its Seymour Engine Plant (SEP) over the
Texas-based IPR Energy to Acquire Dana Gas’ Onshore Egyptian Assets for $236 Million
November 2, 2020
Dana Gas recently agreed to sell its onshore Egyptian producing oil and gas assets to an affiliate of Texas-based IPR Energy Group for $236 million. The sale by United Arab Emirates-based Dana Gas will bolster its balance sheet and allow
Friday, Oct. 30: Assistant Secretary Winberg Participates in Upstream PA 2020 Conference
October 30, 2020
On Friday, October 30, 2020, the U.S. Department of Energy’s Assistant Secretary of Fossil Energy Steve Winberg will participate in the Upstream PA 2020 Conference. Assistant Secretary Winberg and Dave Spigelmyer, President of the Marcellus Shale Coalition, will discuss the
TC Energy Awards More than $1.6 Billion in American Contracts to Build Keystone XL
October 30, 2020
TC Energy Corporation has awarded more than US$1.6 billion worth of contracts to six major American union contractors to execute pipeline construction across 800 miles in three states in the U.S. on the Keystone XL Pipeline in 2021. The six
Contango Oil & Gas to Acquire Mid-Con Energy Partners in All-stock Merger
October 30, 2020
Contango Oil & Gas Company and Mid-Con Energy Partners have entered into an agreement to combine in an all-stock merger transaction. The combination continues Contango’s consolidation strategy, increases its exposure to oil reserves at an attractive price, increases corporate margins
EQT to Acquire Chevron’s Appalachian Basin Assets for $735 Million
October 29, 2020
US-based natural gas producer EQT has agreed to acquire Chevron’s upstream and midstream assets in Appalachian Basin for $735 million. Under the definitive purchase and sale agreement signed by both the companies, EQT will acquire around 100 work-in-progress wells as
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