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Biden Tax Plan Swaps Fossil Fuel Subsidies with Clean Energy Incentives

2021-04-08 11:30:00| OGI

Unwinding tax breaks on fossil fuel companies could face opposition from Biden's fellow Democrats in the U.S. Congress from energy-producing states.

Tags: plan energy tax clean

Category: Industrial Goods and Services

Buckeye Partners Buys Stake in US Renewable Energy Developer with New Partnership

2021-04-08 11:05:00| OGI

The acquisition a majority stake in Swift Current Energy is being made as part of a new strategic partnership between Buckeye and Nala Renewables.

Tags: with partners energy partnership

Category: Industrial Goods and Services

Oil and Gas Investor Eagle Ford Natural Gas: Texas Gas to Mexico

2021-04-08 10:00:00| OGI

While U.S. natural gas demand was mostly flat in 2020, Mexicos grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Fords underdeveloped gas fairway.

Tags: natural mexico texas gas

Category: Industrial Goods and Services

Phillips 66 Partners Cancels Rockies, Bakken Oil Pipeline Project

2021-04-07 22:25:00| OGI

The roughly $1.6 billion project, which was proposed to support oil production growth in the Rockies and the Bakken shale regions, had been put on hold more than a year ago.  

Tags: project partners oil phillips

Category: Industrial Goods and Services

Canadas Move Away from Fossil Fuels Threatens 450,000 Jobs

2021-04-07 22:00:00| OGI

As countries around the world commit to reducing their emissions to meet global climate targets, advocates for a just transition say more must be done to ensure those working in fossil fuel industries are not left behind.

Tags: jobs move fossil fuels

Category: Industrial Goods and Services

Energy A&D Transactions from the Week of April 7, 2021

2021-04-07 19:45:00| OGI

Heres a snapshot of recent energy deals including two large Permian Basin deals including the surprise $6.4 billion acquisition of DoublePoint Energy by Pioneer Natural Resources.

Tags: april week energy transactions

Category: Industrial Goods and Services

On the Market Oil and Gas Quicklist (Week of April 7, 2021)

2021-04-07 19:10:00| OGI

Heres a quicklist of oil and gas assets on the market including Starboard, Max Permian Northern Delaware Basin leasehold plus an Antrim Shale ORRI well package and a state lease sale in New Mexicos Lea County.

Tags: april week market gas

Category: Industrial Goods and Services

Shell Sees $200 Million Hit to Earnings from Texas Winter Storm

2021-04-07 19:05:00| OGI

An extreme cold snap in Texas in February is expected to have shrunk Shells oil output by 10,000-20,000 bbl/d and to shave up to $200 million from its adjusted first-quarter earnings.

Tags: hit million winter texas

Category: Industrial Goods and Services

Carbon Tax Vital in Energy Transition, Oil Execs Say

2021-04-07 18:55:00| OGI

While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the worlds emissions woes, say panel of oil industry executives.

Tags: say energy tax oil

Category: Industrial Goods and Services

Williams: Florida Gulfstream gas Pipe Unaffected by Reservoir Leak

2021-04-07 17:04:05| OGI

Wastewater reservoirs leaky containment wall could lead to weekend flooding.

Tags: florida gas williams pipe

Category: Industrial Goods and Services

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