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Exxon Says Climate Crusade by New York AG is a Conspiracy Theory
June 21, 2017
New York Attorney General Eric Schneiderman’s “ever-shifting and unravelling” investigation into ExxonMobil’s climate record is an “abuse of power” that should have been squashed before it even began, according to court documents the oil company filed Friday. Exxon suggested in
First U.S. Natural Gas Shipment Arrives in Poland
June 21, 2017
Poland received its first shipment of U.S.-produced liquefied natural gas (LNG) exported Wednesday. Polish Prime Minister Beata Szydło attended the historic gas delivery and said that it was the country’s next step in increasing energy independence from Russia. “The United
Canada Asks China to Invest in Its Oil Industry
June 21, 2017
Just eight days after Canada criticized U.S. withdrawal from the Paris climate accord, the Trudeau government invited China to invest billions to revive massive oil fields in the northwestern part of the country. Canada’s Natural Resources Minister Jim Carr hopes
WPX Energy and Howard Energy to Form JV to Develop Permian Midstream Assets
June 21, 2017
WPX Energy has partnered with Howard Energy Partners to form a joint venture to develop midstream assets in the Permian basin. The 50/50 joint venture between WPX and Howard Energy Partners will be designed to develop crude oil gathering assets
Divesting Oil Could Cost Pensions Trillions
June 21, 2017
Public pension funds could be on the hook for trillions of dollars if they move to divestment from troves of fossil fuel assets, according to a report published Wednesday. Selling off oil and gas investments would cost 11 of the
U.S. Crude Exports Hit New High as OPEC Cuts Back
June 21, 2017
U.S. oil producers exported a record 1.3 million barrels of oil a day in May, according to the Houston Chronicle. The achievement comes two weeks after the Organization of Petroleum Exporting Countries (OPEC), along with 11 other countries, announced a
Pinnacle Midstream Begins Construction on Sierra Grande Cryogenic Gas Processing Facility, Texas
June 21, 2017
Pinnacle Midstream has started the engineering and construction on the Sierra Grande gas processing facility in the Culberson County, Texas, US. Expected to begin operations in the fourth quarter of this year, the 60MMcfd cryogenic gas processing plant is being
Duke Energy and Siemens Ink Deal to Deploy Advanced Gas Turbine Technologies
June 20, 2017
Duke Energy and Siemens have forged an innovative agreement for deploying advanced gas turbine technologies at the former’s Lincoln County Combustion Turbine (LCCT) generation site in North Carolina, US. In this regard, the American utility Duke Energy has proposed expansion
Kinder Morgan Closes $4.16 Billion Credit Facilities for Trans Mountain Pipeline Expansion, Canada
June 20, 2017
Kinder Morgan Canada (KML) has raised C$5.5bn ($4.16bn) through three credit facilities for financing its Trans Mountain pipeline expansion project. KML, indirectly through its affiliates, has agreed to raise C$4bn ($3.02bn) revolving construction credit facility which will be used for
EQT to Acquire Natural Gas Producer Rice Energy for $6.7 Billion
June 20, 2017
US-based natural gas producer EQT has entered into an agreement to acquire Rice Energy for about $6.7bn. The transaction is expected to strengthen EQT’s position as a major natural gas producer in the Appalachian Basin. Rice Energy is an independent
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