From The Seattle Times BILLINGS, Mont. (AP) — Environmentalists asked a federal judge on Monday to cancel approvals issued by the U.S. Army Corps of Engineers for the Keystone XL oil pipeline from Canada, opening another front in the legal fight over a long-delayed energy project that President Donald Trump has tried to push through to completion. Attorneys for the
From The Oklahoman The working number of rigs drilling for oil and gas in Oklahoma is about 28% lower than what it was the first week of January. The decline has squeezed the number of employed rig workers, which likely has slowed sales and hotel tax revenues in communities near where the rigs had run. That contraction persists even while
Shale industry is self-desctucting: companies need to slash drilling, abandon production growth and deliver yield – Schlotterbeck From S&P Global The shale gas revolution is over and Appalachia’s top producers need to radically change their behavior if they want to survive, according to former EQT Corp. CEO Steve Schlotterbeck. “The biggest problem facing the upstream industry, frankly, is the industry
By Tyler Losier, Energy Reporter, Oil & Gas 360 Funds to be used for the company’s Plaquemines LNG export project Venture Global LNG, Inc., headquartered in Arlington, Virginia, has raised $675 million of additional capital from a variety of institutional investors. The funds will primarily go towards financing the company’s forthcoming Plaquemines LNG export project, located approximately 20 miles south
By Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up five This week’s Baker Hughes rig count shows that U.S. numbers stayed static, resulting in the total remaining at 967. Compared to this time last year, however, numbers are down 80. Canada, on the other hand, is up compared to last week with a total count of 124,
By Tyler Losier, Energy Reporter, Oil & Gas 360 GulfSlope Energy teams up with unnamed private company Houston-based GulfSlope Energy (stock ticker: GSPE) has signed a letter of intent to form a joint venture with an unnamed, privately held oil and gas company in order to generate and drill shallow depth prospects in the Gulf of Mexico. GulfSlope, who will
By Tyler Losier, Energy Reporter, Oil & Gas 360 Summit Midstream to proceed with Double E pipeline project Summit Midstream Partners (stock ticker: SMLP) has made a final investment decision to proceed with its Double E pipeline project, after having secured sufficient commitments pursuant to binding precedent agreements for long-term, firm transportation service. The company also executed a definitive joint
By Tyler Losier, Energy Reporter, Oil & Gas 360 W&T Offshore to purchase Gulf of Mexico interests from ExxonMobil for $200 million W&T Offshore, Inc. (stock ticker: WTI), a Houston-based independent E&P, has entered into a sales and purchase agreement with ExxonMobil to acquire the company’s interests located off the coast of Alabama in the Gulf of Mexico. The transaction,
From Bloomberg News / BNN Alberta’s new government plans to sell the leases and services the Canadian province has accrued to help companies ship oil out of the region. CIBC Capital Markets has been hired to help with the transaction. Jason Kenney, elected premier last month, campaigned on a platform that included getting rid of predecessor Rachel Notley’s crude-by-rail program, arguing that
From Reuters/O.Canada MOSCOW — A deal between OPEC and other oil producers to curb oil output has played a positive role in stabilizing oil markets, Russian President Vladimir Putin was quoted as saying in an interview on Thursday. Asked in the interview with the Financial Times if Russia would support extending the deal when it expires at the end of this
From Think Progress Last week, General Electric announced it would close a California gas plant 20 years ahead of schedule. The Inland Empire Energy Center in California, the company said, was “uneconomical to support further” in part because of outdated technology. But California’s aggressive clean energy goals and commitment to using renewable energy was also a key determinant in GE’s decision to take the plant
From AXIOS – Adapted from The Oxford Institute for Energy Studies A short paper from an Oxford Institute for Energy Studies researcher looks at China’s soaring demand for natural gas and ways it could meet growing import reliance. Why it matters: China has become the world’s largest gas importer as demand has greatly outpaced domestic production, as the chart above shows. Import reliance reached 43% last
