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U.S. to Send Special Energy Envoy to Saudi Arabia to Stabilize Oil Prices
March 23, 2020
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep
ConocoPhillips Responds to Recent Oil Market Downturn
March 20, 2020
ConocoPhillips said it is taking several actions in response to the recent oil market downturn. “Our industry is clearly experiencing an unprecedented event brought about by simultaneous supply and demand shocks. The actions we are now taking reflect an acknowledgement
Exelon and Its Family of Companies Donate More than $1 Million for Coronavirus Response and Relief
March 20, 2020
Exelon Corporation and its family of companies will donate more than $1.15 million to national and local relief organizations to support communities impacted by the spread of the coronavirus. “We are committed to helping support impacted communities, especially those where
Imperial Well-positioned to Weather Market Challenges
March 20, 2020
Over its long history, Imperial has faced numerous periods of low global crude oil prices. In the current challenging market environment caused by the COVID-19 pandemic and commodity price decreases, the company continues to demonstrate its long-standing commitment to financial
USD Partners Affirms Terminals Remain Fully Operational and Reaffirms Customer Profile
March 20, 2020
USD Partners has taken measures in response to the novel coronavirus/COVID-19 outbreak, and said that all of its terminals remain and are expected to remain fully operational. Measures being taken by the Partnership and its service providers include full sanitizing
EP Energy’s Plan of Reorganization Accepted by Texas United States Bankruptcy Court
March 20, 2020
EP Energy Corporation said that the United States Bankruptcy Court for the Southern District of Texas has confirmed the company’s plan of reorganization. The company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection as
University of Wyoming Survey Shows Support for Oil, Gas, and Coal
March 19, 2020
Wyoming residents support natural gas and oil production at high levels, with renewable energy and coal production receiving lesser but still relatively strong support, initial results of a new survey show. Some 82.7 percent of Wyomingites support natural gas production,
Colorado Oil and Gas Conservation Commission Releases Proposed News Rules
March 19, 2020
The Colorado Oil and Gas Conservation Commission unveiled proposed new rules to bolster public protections from oil and gas development and enhance local governments’ role in the permitting process in accordance with Senate Bill 181. “SB19-181 changed the mission of
Crude Oil Prices Slump to Their Lowest in 18 Years as Opec+ Deluge Looms
March 19, 2020
Oil prices fell to their lowest in almost two decades today (March 18), with Brent crude dipping below $26 per barrel — the cheapest since the 2003 invasion of Iraq. According to Bloomberg, West Texas Intermediate crude fell as much
Impact to Alberta’s Oil and Gas Could Put Canada on Brink of Recession
March 19, 2020
The impact to Alberta’s energy sector due to COVID-19 and the oil price war could put the country on the “brink of recession,” the Conference Board of Canada said Tuesday in their spring outlook report. The board expects business investment
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