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Oil Prices Head Lower for Second Session as Investors Worry About Oversupply from Gulf Producers
June 9, 2020
Crude-oil prices traded sharply lower early Tuesday for a second straight session as worries about the lack of compliance with a recent pact to cut production by a number of major producers pressured futures into negative territory. Analyst at Goldman
BP to Slash Global Workforce By 10,000 Jobs
June 9, 2020
Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global
Oil and Gas Conversations Surge on Twitter
June 9, 2020
Oil and gas conversations have surged over 100 percent on Twitter over the last 90 days, according to data and analytics company GlobalData. The business outlined that its Oil & Gas Exploration Influencer Platform, which it says tracks more than
O’Brien Energy Resources Resumes Drilling of Two New Wells in Meade County, Kansas
June 9, 2020
O’Brien Energy Resources resumes drilling of two new wells in Meade County, Kansas. O’Brien has contracted Duke Drilling Company to move in to drill the wells back to back-on-separate leasehold locations beginning on May 11. “We are happy to be
Offen Petroleum to Acquire Bosselman Energy
June 9, 2020
Offen Petroleum has signed a binding agreement to acquire the business assets of Bosselman Energy, a fuel distributor and Bosselman Carriers, a trucking company, both based in Nebraska. Offen is a provider of motor fuel, lubricants, and petroleum logistics services
OPEC and Allies Agree to Extend Record Oil Production Cut
June 8, 2020
OPEC and its oil-producing allies agreed on Saturday to extend the group’s historic production cut for an additional month in an ongoing effort to balance the global oil market. The agreement was finalized during the group’s video-conference meeting. “Today we
Illinois Rejects Bid to Delay Decision on Dakota Access Pipeline Expansion
June 8, 2020
Illinois regulators on Thursday unanimously rejected a request by environmental groups to delay a decision on Energy Transfer LP’s Dakota Access Pipeline expansion due to the coronavirus pandemic. Save Our Illinois Land and Sierra Club, which oppose the expansion, told
Fate of Wyoming’s June 22 Oil and Gas Lease Sale Unknown
June 8, 2020
A slew of oil and gas lease sales across the West have been postponed in recent weeks by the Bureau of Land Management. The quarterly auctions of public land for energy development have been postponed one-by-one in New Mexico, Utah,
ALTIVIA Acquires KMCO Crosby Facility in Texas
June 5, 2020
ALTIVIA Oxide Chemicals, LLC, an affiliate of ALTIVIA Petrochemicals, announced that it has acquired KMCO and its associated chemical ethoxylation manufacturing assets in Crosby, Texas. The facilities, located on 160 acres near Houston, include 31 reaction and distillation trains with
Golden Pass LNG Developer Seeks to Boost Production at Texas Terminal
June 5, 2020
Golden Pass LNG Terminal wants federal approval to increase the authorized export capacity of the LNG plant under construction in Texas from 15.6 million tonnes per annum to 18.1 mtpa. The developer of the estimated $10 billion project, backed by
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