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Newly Formed Company AVAD Energy Closes on Equity Commitments
August 28, 2020
VAD Energy Partners II, a newly formed oil and natural gas production company, closed on equity commitments from investment funds managed by Pearl Energy Investments and NGP Energy Capital Management (NGP). AVAD II will pursue an acquire and exploit strategy
U.S. Opens Alaska Wildlife Refuge to Oil and Gas Leasing
August 28, 2020
The U.S. approved a leasing program making nearly 1.6 million acres in Alaska’s Arctic National Wildlife Refuge (ANWR) available for oil and gas leasing and future exploration, development, and transportation with a potential of 4.3–11.8 billion bbl of technically recoverable
North Dakota Approves Natural Gas, Renewable Diesel Pipeline Projects
August 28, 2020
The North Dakota Public Service Commission approved two pipeline projects Wednesday: one for a new natural gas processing plant in Williams County and another for the Dickinson refinery. The Williams County project involves two new pipelines that will extend from
Restart of Keystone Pipeline Secures Jobs at Welspun Plant in Little Rock, Arkansas
August 28, 2020
An order for more than 1 million feet of 36-inch pipe for use on the Keystone XL pipeline project will keep around 500 Welspun manufacturing employees in Little Rock busy through “at least” early 2021, Welspun announced Thursday (Aug.13). Welspun
Alaska Lawmakers Applaud DOE Authorization of Alaska LNG Project
August 26, 2020
The Alaska Congressional delegation voiced their support for the Department of Energy’s order authorizing the Alaska LNG project to export liquefied natural gas (LNG). The Alaska LNG Project is an 800-mile pipeline project that includes a treatment facility and a
Texas Oil & Gas Association: New EPA Rules on Methane Emissions Key for Economic Recovery
August 26, 2020
Newly released U.S. Environmental Protection (EPA) rollbacks on methane emissions are designed to ease regulations for energy producers by eliminating duplicative requirements and restructuring others. The new rules were announced this month in response to President Donald Trump’s executive order
Oil Prices Rise on U.S. Output Cuts, China Trade Deal Hopes
August 26, 2020
Brent crude oil futures added 12 cents, or 0.3 percent, to $45.98 a barrel. Both benchmarks settled at a five-month high on Tuesday. Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output
Joe Biden’s Energy Plan Will Destroy Pennsylvania’s Economy
August 26, 2020
President Trump unleashed an American energy revolution. During a speech at the Double Eagle Energy oil rig in Texas July 29, Trump detailed the historic accomplishments of his administration on restoring American energy dominance. “For the first time in nearly
U.S. Drillers Add Rigs for First Time Since March in Strong Recovery
August 26, 2020
The U.S. oil and natural rig count increased this week for the first time since March, with energy firms adding the most oil rigs in seven months, as shale producers start drilling again now that crude prices have recovered from
Occidental Subsidiary Oxy Low Carbon Ventures Forms New Company to Pull Carbon Dioxide from Air
August 26, 2020
Oxy Low Carbon Ventures, a subsidiary of Occidental, and Rusheen Capital Management, have formed a development company, 1PointFive, to finance and deploy Carbon Engineering’s large-scale direct air capture (DAC) technology. 1PointFive and Carbon Engineering have signed a licensing agreement enabling
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