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KLX Energy Services and Quintana Energy Services Sign Agreement to Merge
May 6, 2020
US-based onshore oilfield services provider, KLX Energy Services has signed an agreement to merge with Quintana Energy Services in an all-stock merger transaction. As per the terms of the merger transaction, QES shareholders will receive 0.4844 shares of KLXE common
Federal Reserve’s Expanded Lending Program Could Help Wyoming Oil and Gas
May 6, 2020
Changes made to a federal lending program last week could open up loans to Wyoming oil and gas firms left reeling from volatile oil prices and low fuel demand during the pandemic. The Federal Reserve released new guidelines Thursday for
U.S. Energy Production Exceeds Consumption for First Time Since 1957
May 6, 2020
Last year, U.S. energy production overtook consumption for the first time in 62 years due to a mix of production growth and moderate consumption decrease. In all, the United States produced 101 quadrillion British thermal units (quads) of energy, according
Siemens to Supply Compression Equipment for Midcoast Energy’s Pipeline Expansion Project, Texas
May 5, 2020
Siemens Gas and Power was awarded a contract to supply two SGT-400 gas turbine compression packages for Midcoast Energy’s CJ Express pipeline expansion project in east Texas. WHC Energy Services, supported by Universal Pegasus International, will be the engineering, procurement
Ozinga Energy and Ingevity Enter Partnership for Adsorbed Natural Gas Vehicles
May 5, 2020
Ingevity and Ozinga Energy have entered into a partnership to begin a field demonstration of adsorbed natural gas (ANG) bi-fuel pickup trucks. Developed by Adsorbed Natural Gas Products and Ingevity, the ANG system is made possible by the unique performance
DOE to Fund $28 Million to Develop Ultrahigh Temperature Materials for Gas Turbine Applications
May 5, 2020
The U.S. Department of Energy announced up to $28 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, ULtrahigh Temperature Impervious Materials Advancing Turbine Efficiency (ULTIMATE). The ULTIMATE program will develop and demonstrate ultrahigh temperature materials that
UGI’s Leadership Team and Board Members to Donate $350,000 to Pennsylvania Food Banks
May 5, 2020
UGI Corporation’s leadership team and board of directors will donate more than $350,000 to food banks serving communities across Pennsylvania. The amounts to be donated include the equivalent of 30 percent of 90 days’ base compensation for the chief executive
Fed’s Expand Lending Program, Opens Funding to Oil and Gas Industry
May 4, 2020
Changes to a new lending program from the Federal Reserve have paved the way for the oil and gas industry to get government financing amid the pandemic. The expanded criteria to qualify for the soon-to-be Main Street Lending Program follows
NETL Assesses Value of Unconventional Shale in Central Appalachia
May 4, 2020
Virginia Tech and EnerVest Operating LLC, working out of a National Energy Technology Laboratory (NETL)-supported field lab, are continuing a drilling investigation of unconventional shale reservoirs in Central Appalachia. The effort includes drilling a casing shoe of a 15,000-foot characterization
Venture Global Raises First Storage Tank Roof at Calcasieu Pass LNG Export Facility, Louisiana
May 4, 2020
Venture Global has announced it has raised the first liquefied natural gas (LNG) storage tank roof at its Calcasieu Pass LNG export facility in Louisiana, US. Located in Cameron Parish of Louisiana, the Calcasieu Pass LNG export facility is being
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