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Chevron Completes Acquisition of Noble Energy
October 14, 2020
Chevron’s acquisition of Noble Energy has been completed following approval by Noble Energy shareholders. “We are pleased to welcome Noble Energy’s employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to
OPEC Cuts 2021 Oil Demand Forecast as Virus Cases Rise
October 14, 2020
World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by 6.54 million
Glenfarne’s Magnolia LNG Receives FERC Permit Extension, Lousiana
October 14, 2020
Glenfarne Group recently acquired Magnolia LNG export terminal development project located in Lake Charles, Louisiana. The company has received a five-year permit extension from the Federal Energy Regulatory Commission (FERC). Magnolia LNG will begin operations of the terminal by April
Hi-Crush Successfully Completes Restructuring, Emerges from Chapter 11 Bankruptcy
October 14, 2020
Hi-Crush Inc. has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the conditions to the effectiveness of its plan of reorganization. Through its financial restructuring, Hi-Crush has eliminated approximately $450 million of debt
Sandvik to Divest Its Exploration Business to Drillman
October 14, 2020
Sandvik has signed an agreement to divest its exploration business to Drillman, a subsidiary of the M Group of companies, which is 100 percent owned and operated in Australia. Drillman provides equipment and technical support to the geotechnical, mineral exploration,
Energy Companies Begin Restoring Oil and Gas Output After Hurricane Delta
October 13, 2020
U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area. Chevron Corp, Royal Dutch Shell Plc and BHP Group all said
Court Rejects Obama-Era Methane Rule for Oil and Natural Gas Leases
October 13, 2020
A federal court on Thursday struck down an Obama-era regulation targeting methane leaks from drilling on public lands, arguing that it went beyond the scope of the Bureau of Land Management (BLM), which promulgated the rule. The 2016 rule required
Western Pa. Leaders Highlight Importance of Natural Gas Industry in Letter to Trump, Biden
October 13, 2020
Board of Commissioners leadership from Butler, Washington, and Beaver counties sent correspondence Wednesday to President Donald Trump and Democratic presidential candidate former Vice President Joe Biden to highlight the importance of natural gas for the region and the country. The
Shell Says Appalachia Ethane Cracker in Pennsylvania About 70% Complete
October 13, 2020
Construction of Shell Chemicals’ $6 billion ethane cracker plant in Potter Township is about 70 percent complete, Shell leadership said Tuesday. Hilary Mercer, vice president of Shell Polymers, told virtual Shale Insight guests the company is now commissioning utility systems
DOE Issues Report on Benefits of Oil and Natural Gas
October 12, 2020
The U.S. Department of Energy’s Office of Fossil Energy (FE) released a new report: U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life. This report acknowledges the critical role of advanced energy technology innovation in
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