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Applications Open for Sixth Annual 2017 Shale Gas Innovation Contest
December 15, 2016
The Ben Franklin Shale Gas Innovation and Commercialization Center has announced the Sixth Annual Shale Gas Innovation Contest. This year, they are offering a total of $60,000 in cash prizes for the three best shale energy-oriented innovations, new product ideas,
Chevron Unveils $19.8 Billion Capital and Exploratory Investment Plan for 2017
December 14, 2016
Chevron has a $19.8bn capital and exploratory investment program for 2017. Included in the 2017 program are $4.7bn of planned affiliate expenditures. “Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction. In fact, over
NextDecade, FLEX LNG to Develop Regasification Solutions for Rio Grande LNG Export Project, Texas
December 14, 2016
NextDecade Global Solutions, a subsidiary of NextDecade, and FLEX LNG have signed a heads of agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas,
Canadian Oil Firms Cenovus and Crescent Point Step Up Investments, Expand Production for 2017
December 14, 2016
Canadian oil companies, Cenovus Energy and Crescent Point Energy, have announced plans to step up investments and expand production in 2017. Cenovus plans to increase its capital spending by about 24 percent and expand its total oil production by 14
NextDecade and FLEX LNG Join Forces to Develop LNG Regasification Solutions, Texas
December 13, 2016
NextDecade, LLC, and FLEX LNG have signed a heads of agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX. Initially, NextDecade and FLEX LNG
Swift Energy Completes Sale of Remaining 25% Interest in Central Louisiana for $8 Million
December 13, 2016
Swift Energy Company has completed the sale of its remaining 25 percent interest in the Burr Ferry and South Bearhead Creek Fields in Central Louisiana. The net proceeds received by Swift Energy ($8.0 million, less customary closing adjustments) will be
California’s PG&E Installs Innovative Methane Detection Technology
December 13, 2016
Pacific Gas and Electric Company (PG&E) has become the first energy company in the U.S. to pilot an innovative methane detection device developed for the Methane Detectors Challenge (MDC), a groundbreaking partnership between Environmental Defense Fund (EDF), oil and gas
New GE Analysis: Software and Hardware Upgrades Could Cut Emissions from Coal and Gas Power Plants
December 12, 2016
GE has released a first-of-its-kind analysis of global power plants, which found that carbon dioxide (CO2) emissions from the world’s fleet of coal and gas plants can be reduced by 10 percent — the equivalent of removing 95 percent of
BP Approves Development of $9 Billion Mad Dog Phase 2 Project, Gulf of Mexico
December 12, 2016
BP has approved the development of the $9bn Mad Dog Phase 2 project located in the deepwater Gulf of Mexico despite a slump in the oil market. The Mad Dog Phase 2 project is the second stage of development of
Mexico Awards Deepwater Exploration Rights for Eight Blocks in Gulf of Mexico
December 12, 2016
Mexico has awarded exploration rights for eight of the 10 deepwater blocks in the Gulf of Mexico following a bidding Round 1.4. The Deepwater exploration tender offered a total of 10 deepwater blocks, with four in the Perdido Area and
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