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Ameren Illinois to Begin Natural Gas Pipeline Upgrade in June
May 4, 2020
Ameren Illinois announced plans to modernize its natural gas transmission pipeline running through central and southern Illinois with work on a major line in Macon County beginning in June. Crews will arrive in the Decatur, Ill., area that month to
Southern Company, Alabama Power Meet with Trump Officials on Keys to Economic Revival
May 4, 2020
Officials from the Southern Company and Alabama Power made several recommendations at a meeting with Trump Administration officials to help restore the nation’s economy after the COVID-19 pandemic. At the Great American Economic Revival Energy Industry Group meeting at the
Camelback Midstream Secures $400 Million ArcLight Capital Partners
May 1, 2020
Camelback Midstream Holdings has secured a capital commitment of $400 million from an Arc Light Capital Partners managed fund and the Camelback Midstream management team. Camelback Midstream is focused on the acquisition and organic development of midstream infrastructure, including gathering,
CNX Resources Implements Quorum Software to Drive Operational Efficiency
May 1, 2020
Quorum Software said that CNX Resources Corporation has implemented Quorum’s revenue accounting and division order software. Previously supported by a legacy production and revenue accounting application, CNX sought out a solution capable of leveraging the company’s data to increase operational
U.S. Oil Producers Begin Storing Crude in Strategic Reserve
April 30, 2020
U.S. oil producers running out of space for storage amid an unprecedented slump in demand have started making deliveries to the nation’s emergency stockpile. This month, 1.1 million barrels have been delivered into Strategic Petroleum Reserve storage. The Energy Department
Pioneer CEO Scott Shefffield: Permian Will Continue, But at Slower Pace
April 30, 2020
In a career that has spanned more than 30 years, Scott Sheffield has ridden the oil and gas industry’s boom and bust cycles. At Parker & Parsley, he saw prices crash below $10 in 1986. And by 2011, at Pioneer
Energy Transfer Weighs Crude Oil Storage in Idle Pipelines
April 30, 2020
US midstream company Energy Transfer is weighing a plan to store crude in idle pipelines as shippers scramble to find available storage. The company is looking for ways to idle two pipelines in Texas by “moving product around” and use
Trump Criticizes Banks Withholding Funding for Certain Fossil Fuel Projects
April 30, 2020
President Trump on Friday expressed opposition to banks’ unwillingness to fund certain fossil fuel projects, after two major banks announced this week that they wouldn’t directly support oil and gas drilling in the Arctic. After Sen. Dan Sullivan (R-Alaska) accused
BP Revises Terms of Alaska Transaction with Hilcorp
April 30, 2020
BP and Hilcorp have revised their previously announced $5.6 billion transaction involving the sale of the former’s upstream and midstream business in the US state of Alaska to the latter. A revised agreement has been executed by the parties to
DOE Launches $28 Million to Develop Ultrahigh Temperature Materials for Gas Turbine Applications
April 29, 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
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