Archive for the ‘General Interest’ Category
IEA: UK makes major progress reducing emissions
June 11th, 2019 by Latest News
The UK has made major progress in reducing emissions, according to the International Energy Agency’s latest country review. “The United Kingdom has shown real results in terms of boosting investment in renewables, reducing emissions, and maintaining en…
MARKET: Brent for August drops $1/bbl
June 11th, 2019 by Latest News
Brent crude oil for August delivery dropped by $1 to dip below $63/bbl on June 10 while light, sweet crude oil prices for July and August delivery also dropped moderately but both settled above $53/bbl. Ole Hansen of Saxo Bank said, “Crude oil began th…
Phillips 66 forms crude oil pipeline JVs
June 10th, 2019 by Latest News
Phillips 66 has formed two separate 50-50 joint ventures to build pipelines that will transport crude oil from the Rockies and Bakken production areas to Cushing, Okla. and from Cushing and the Permian basin in West Texas to the Gulf Coast.
The US Environmental Protection Agency issued new guidance on states’ certification authority under Section 401 of the Clean Water Act. The guidance provides recommendations to clarify and streamline the certification process and to promote greater inv…
Devon Energy Corp., Oklahoma City, has set a methane-intensity rate target for its US oil and natural gas production operations of 0.28% or lower by 2025. In 2018, Devon’s methane-intensity rate was estimated at 0.32%, which is pending US Environmental…
Hartree Cardinal Gas, a subsidiary of Hartree Bulk Storage, has agreed to acquire from Martin Midstream Partners its membership interests in Arcadia Gas Storage, Cadeville Gas Storage, Monroe Gas Storage, and Perryville Gas Storage for $215 million in …
Comstock to acquire Covey Park for $2.2 billion
June 10th, 2019 by Latest News
Comstock Resources has agreed to acquire privately held, Haynesville-focused Covey Park Energy in a $2.2-billion cash and stock deal. The deal, which includes the assumption of Covey Park’s outstanding debt and the retirement of its $1.1 billion in exi…
MARKET: Oil prices gain for two trading sessions
June 10th, 2019 by Latest News
Light, sweet crude oil on the New York market and Brent crude oil prices in London gained for a second consecutive trading session June 7. Each of the two oil benchmarks rallied to settle more than $1/bbl higher compared with the previous settlement.
Baker Hughes: US rig count down 9 units to 975
June 7th, 2019 by Latest News
The US drilling rig count fell 9 units, reaching 975 rigs working for the week ended June 7, according to Baker Hughes data. The count is down 87 units from the 1,062 rigs working this time a year ago.
Court rule allows Petrobras gas line sale
June 7th, 2019 by Latest News
A June 6 ruling by Brazil’s Supreme Court allows Petrobras to proceed with its $8.6 billion sale of a 90% interest in the Transportadora Associada de Gas SA natural gas pipeline to a combine of Engie and Caisse de Depot et Placement du Quebec.