Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
The world will need more energy and the responsible North American energy industry can provide it while lowering emissions, Quantum Energy Partners’ CEO S. Wil VanLoh says.
“Mexico’s industrial base, already deeply integrated with the rest of North America, absolutely stands to benefit from the energy transition,” John Kerry said alongside Mexican President Andres Manuel Lopez Obrador.
The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.
The JV with Oak Hill Advisors, called Bluesource Sustainable Forests Co., aims to purchase and more sustainably manage more than one million acres of forests in North America.
The U.S. rig count fell slightly in the last week with the largest week-over-week changes occurring in the Gulf Coast and Anadarko basins.
A key objective of TC Energy’s collaboration with U.S.-based electric truck maker Nikola Corp. is to establish hubs producing 150 tonnes or more of hydrogen per day near highly traveled truck corridors.
Three Wolfcamp A completions in Howard County, Texas by Birch Operations plus a Utica Shale discovery and another Exxon Mobil Guyana find top this week’s oil and gas drilling activity highlights from around the world.