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ExxonMobil Renews Collaboration with Princeton Energy Center to Advance Low-Emission Research
July 2, 2020
ExxonMobil and Princeton University’s Andlinger Center for Energy and the Environment have renewed their collaboration to research lower-emission technologies and energy solutions. The new, five-year agreement builds on ExxonMobil’s participation in Princeton’s E-filliates Partnership, which began in 2015. E-filliates is
Minnesota Denies Petition to Stop Enbridge’s Line 3 Replacement Project
July 1, 2020
The Minnesota Public Utilities Commission (MPUC) voted to deny petitions for reconsideration filed on May 21, 2020 in the Line 3 Replacement Project (L3RP) environmental impact statement (EIS), certificate of need (CN) and route permit (RP) dockets. “The MPUC’s decision
BLM Seeks Public Comment Kebo’s Ragged Ridge Oil Well, Nevada
July 1, 2020
The Bureau of Land Management (BLM) Tonopah Field Office, Battle Mountain District, is asking the public to review and provide input on an Environmental Assessment that analyzes an application by Kebo Oil and Gas Inc. to drill an exploratory oil
Shale Fracking Returns, Tapping Huge Glut of Idled Equipment
July 1, 2020
Shale fracking crews, mired in a glut of idled equipment, are putting some of their pumps back to work as oil prices rebound. The number of active U.S. frack crews, which bottomed out at 45 last month, has since jumped
AGDC Reduces Alaska LNG Project Cost Estimates to $38.7 Billion
July 1, 2020
Alaska Gasline Development (AGDC) has reduced the cost estimate for the Alaska LNG Project by 12 percent of $5.5 billion from the previous estimate of $44.2 billion. The Alaska LNG is an integrated project involving development of a 20 million
BP to Sell Petrochemicals Business to Ineos for $5 Billion
July 1, 2020
BP has agreed to sell its global petrochemicals business to UK chemicals giant Ineos for $5 billion, as it continues its efforts to streamline the company and bolster its balance sheet. Under the leadership of its new Chief Executive Bernard
Chesapeake Energy Files for Chapter 11 Bankruptcy
June 30, 2020
Chesapeake Energy Corporation has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate a comprehensive balance sheet restructuring. Chesapeake intends to use the proceedings to strengthen its balance sheet and
Black Bear Transmission to Acquire Natural Gas Transmission’s Assets
June 30, 2020
Black Bear Transmission’s affiliate has entered into a definitive agreement to acquire a portfolio of Natural Gas Transmission assets from a subsidiary of Third Coast Midstream. Black Bear is a portfolio company of the second Basalt fund. The NGT Assets
Enbridge Responds to Temporary Ruling on Line 5 Operations
June 30, 2020
The Michigan Circuit Court issued a temporary restraining order requiring Enbridge to shut down Line 5 through the Straits of Mackinac within 24 hours until a hearing on the state’s request for preliminary injunction can be held Tuesday, June 30,
BLM Moves Expand Oil and Gas Leasing Acreage in Alaska
June 29, 2020
A federal agency on Thursday released a final management plan for the National Petroleum Reserve-Alaska, proposing to make 7 million additional acres of land on the North Slope open to potential oil and gas development. Conservation groups decried the move,
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