Buckeye Partners is making changes to its Albany, N.Y., rail facility to repurpose it for refined products service, with deliveries set to begin in early 2017. The facility was previously used to transport crude to the Irving Oil refinery in New Brunswick, Canada.
Democratic presidential nominee Hillary Clinton pledged to ban oil and natural gas extraction on public lands if elected. Republican presidential nominee Donald Trump has a contrasting approach that includes terminating the current moratorium on federal coal leasing and making more land available for fossil fuel extraction.
Baker Hughes data show that US oil and natural gas producers have added 149 rigs since a May low, marking the strongest recovery since mid-2014. The vast majority of rigs were deployed to the Permian and Anadarko basins of Texas, New Mexico and Oklahoma, although additions were also reported in Pennsylvania, Alaska, Colorado and Ohio.
American Midstream Partners announced it would buy JP Energy Partners in a $2 billion all-stock deal expected to be completed this year or in early 2017. The combined company will own and operate more than 3,100 miles of pipeline and offer services in the Permian Basin, Gulf of Mexico and Eagle Ford Shale.
Houston-based Key Energy Services filed for Chapter 11 protection with the US Bankruptcy Court in Wilmington, Del., on Monday. The company's restructuring plan would reduce its debt to $250 million from $1 billion.
Basic Energy Services is filing for Chapter 11 protection today. The company proposed a restructuring plan designed to cut debt and provide $125 million of liquidity.
Southern California Gas said in its report to the California Division of Oil, Gas and Geothermal Resources that 28 wells at its Aliso Canyon natural gas storage facility have passed all safety tests, while results are still pending for five wells and another 81 wells are out of operation. Aliso Canyon shut down last October following a natural gas leak.
ExxonMobil has made public the subpoena that New York Attorney General Eric Schneiderman's office sent on Nov. 4, 2015, to launch a climate change investigation. The document shows the investigation has been focused on uncovering alleged financial fraud that the company may have committed over the past decades and recently by lying to investors about climate change and its potential impact on business.
Drilling in the Arctic Outer Continental Shelf including the Beaufort and Chukchi seas is of paramount importance for US energy security, economic growth and job creation, writes Erik Milito, upstream director at the American Petroleum Institute. He also argues in favor of opening offshore acreage in the Atlantic, Eastern Gulf of Mexico and Pacific to energy companies as these areas could generate more than 3.5 million barrels of oil equivalent per day and create 840,000 jobs.
A magnitude 5.8 earthquake that occurred in September near Pawnee, Okla., could just be a foreshock to a larger quake, according to Kansas Geological Survey geologist Tandis Bidgoli. She believes studies should expand their scope to researching wells at least 10 miles away, as wastewater being injected into the ground saturates the rock layer, and adding more water can add pressure in a particular spot that is then released tens of miles away, causing an earthquake.
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