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Equitrans Midstream and EQM Midstream Partners Complete Merger and Restructuring Transactions
June 18, 2020
Equitrans Midstream Corporation said that ETRN has completed the acquisition of all of the outstanding common units representing limited partner interests in EQM that it did not already own. As a result of the transaction, EQM common units have been
Venture Global Gets OK to Start Site Prep Work at Plaquemines LNG Plant, Louisiana
June 17, 2020
U.S. energy regulators on Monday approved Venture Global LNG’s request to proceed with limited site preparation of the U.S. liquefied natural gas company’s proposed Plaquemines LNG export plant in Louisiana. The company said on its website it plans to start
Ag Secretary Perdue Orders Environmental Rollbacks for Forest Service for Oil Development
June 17, 2020
U.S. Department of Agriculture Secretary Sonny Perdue on Friday ordered the U.S. Forest Service to expedite environmental reviews on its land, paving the way for more grazing, logging and oil development on public lands. The directive, announced by Perdue on
Oil Demand on Track for Record 2021 Rebound
June 17, 2020
The collapse of air travel during coronavirus weighs heavily on recovering oil demand, despite the fact 2021 could witness the biggest annual rebound in history, said the International Energy Agency (IEA). In its latest oil market update, the Paris-based watchdog
Crude Export Terminal Developers Unfazed by Coronavirus
June 17, 2020
Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude. Buckeye Partners LP expects to start loading ships with oil for export in the second half of July, after
New IRS Tax Credit Rules Benefit Carbon Capture Projects
June 17, 2020
Carbon capture, the fossil-fuel industry’s favorite weapon against climate change, has never really caught on because of the expense. That may be about to change. The Internal Revenue Service recently issued crucial guidance to help developers take advantage of tax
Supreme Court Removes Hurdle for $8 Billion Atlantic Coast Pipeline
June 16, 2020
The Supreme Court removed a legal barrier to the construction of an $8 billion pipeline that would deliver natural gas from West Virginia, ruling the project could run under a major East Coast hiking trail. The court, in a 7-2
Canadian Association of Petroleum Producers offers Pathway to Rapid and Sustainable Recovery
June 16, 2020
As governments turn their attention to the reopening and rebuilding of Canada’s economy, the Canadian Association of Petroleum Producers (CAPP) has been working closely with the federal government to identify measures to support economic recovery while the country continues to
Phillips 66 Releases 2020 Sustainability Report
June 16, 2020
Phillips 66 has published its 2020 Sustainability Report titled “Greater Good.” This year’s report builds on the company’s previous disclosures, proactively sharing Phillips 66’s 2019 performance across its four sustainability focus areas of operating excellence, environmental stewardship, social responsibility and
North American Helium to Build Canada’s Largest Helium Purification Facility, Secures $39M Funding
June 16, 2020
North American Helium (NAH) has closed a non-brokered common share equity financing of approximately $39 million. Proceeds from the financing will be used to purchase and construct the company’s second helium purification plant at the Battle Creek field in Southwest
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