A formal demand to shut off oil flows immediately has been added to the Michigan lawsuit seeking to cancel the state’s 1953 right-of-way easement for Enbridge Inc.’s 540,000 b/d Line 5 across the Straits of Mackinac. Michigan Attorney General Dana Nessel injected urgency into the case by filing motions requesting an injunction and restraining order…
Articles from Oil
Crude exports from the Port of Corpus Christi in South Texas are continuing to boom even amidst the coronavirus pandemic, and projects and enhancements appear poised to solidify its dominance along the Gulf Coast.
North Dakota is keeping a wary eye on the continuing legal challenges facing the Dakota Access Pipeline (DAPL), which carries 40% of the daily oil supplies from the prolific Bakken Shale.
Oil and natural gas investment will shrink by as much as 25% in Canada’s top producer province this year, the Alberta Energy Regulator (AER) said in its annual review.
Texas E&P Industry Records Stinging Losses in April as Covid-19 Strips Jobs, Permitting and Production
Texas oil and gas activity suffered a bloodbath of sorts in April as the state began to register the full effects of the Covid-19 lockdowns, with upstream jobs tumbling to the largest monthly decline on record, the Texas Alliance of Energy Producers said Wednesday.
Oil and natural gas exploration and development (E&D) is predicted to decline in line with lower crude prices, which in turn would ding the value of proved reserves, the Energy Information Administration (EIA) said Thursday.
Although there are “significant challenges” in the current oil environment, NGL Energy Partners LP management struck an optimistic tone for the second half of the year as customers are “ready to ramp up production” in the coming months.
Nineteen North American exploration and production (E&P) operators have filed for bankruptcy protection since the start of the year, and it is “reasonable to expect” more companies will seek protection from creditors in the months to come, according to Haynes and Boone LLP.
Appalachian pure-play Montage Resources Corp. said rising oil and natural gas liquids (NGL) prices have prompted it to bring back production curtailed earlier in the year, which has led to an increase in full-year guidance.
GOP Lawmakers Want White House to Block Financial Institutions’ ‘Discrimination’ Against Energy Sector
Republican members of Congress have asked the Trump administration to battle what they say is discrimination against the U.S. fossil fuel industry by domestic financial institutions.