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Frost & Sullivan Examines Uptake of Drones in Power and Utilities Sector
April 29, 2020
An analysis by Frost & Sullivan, Drones in the Global Power and Utilities Industry, Forecast to 2030, reveals that the market for drones in the power and utilities industry will continue to expand at a compound annual growth rate of
Whiting Petroleum Enters Into Restructuring Support Agreement, Files Chapter 11 Reorganization Plan
April 29, 2020
Whiting Petroleum Corporation and certain subsidiaries have entered into a restructuring support agreement (RSA) with certain holders of its 1.25 percent convertible senior notes due 2020, 2021, 2023, and 2026. In addition, the company has filed a consensual chapter 11
Rehearing Request Filed Against FERC’s Approval of Jordan Cove LNG Project, Oregon
April 29, 2020
Various environmental groups, landowners, and native tribes in Oregon have filed for a rehearing request to the US Federal Energy Regulatory Commission (FERC) on its recent approval of the proposed Jordan Cove LNG Project and its associated pipeline in the
Trans Mountain and LNG Canada On Track Despite Pandemic
April 28, 2020
Energy projects like an LNG Canada export terminal and the Trans Mountain pipeline expansion may face short-term setbacks but the pandemic and oil price crash shouldn’t threaten their long-term viability, economists say. Andrew Leach, an energy economist at the University
BLM Approves Opening 171,000 Acres for Oil and Gas Drilling in Western Colorado
April 28, 2020
After about 10 years of collecting public comments and speaking with county and state leaders in Colorado, the Bureau of Land Management earlier this month released a final version of its management plan for land under the Uncompahgre Field Office.
Alaska Agency Approves $7.5 Million Loan for Hex to Acquire Furie
April 28, 2020
A bid to buy a struggling Alaska gas producer has received backing from a state agency that approved a $7.5 million loan for the purchase. The Alaska Industrial Development and Export Authority board of directors voted to approve the loan
Senators Urge Trump Administration to Make Loans Available for Energy Producers
April 28, 2020
Several U.S. Senators are calling on Trump administration officials to act swiftly to make loans available to domestic energy producers. “We face a real and present danger of seeing hundreds, if not thousands of oil producers shuttering, an event that
Alberta Unveils Plan for Paying Out $1 Billion in Oilfield Cleanup Grants
April 28, 2020
Oilfield services companies in Alberta will be able to apply through an online portal starting May 1 for $1 billion in grants under the oilfield rehabilitation program announced by the federal government last week. Premier Jason Kenney and Energy Minister
Trump Administration Developing Plan to Aid Oil Industry
April 27, 2020
A plan being weighed by Treasury Secretary Steven Mnuchin to steer financial aid to beleaguered oil drillers could set up a clash with Democrats who have warned against any bailout for the industry. Mnuchin said he is considering a lending
Nostra Terra Signs Farm-in Deal with Cypress for Pine Mills Acreage, Texas
April 27, 2020
UK-based Nostra Terra Oil and Gas has signed a farm-in deal with Cypress Mineral and Cypress Production (Cypress) pertaining to its 100 percent owned Pine Mills acreage in East Texas, US. As per the terms of the farm-in deal, Cypress
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