United States
Liquefied Natural Gas (LNG) , Natural Gas , Infrastructure , Midstream
PATH FORWARD: How FERC’s New Chair Will Impact the Oil Industry
FERC will align with President Biden’s climate goals but the energy transition cannot be done “on the backs of oil and gas workers,” says Ken Irvin, co-leader of global energy practice with Sidley Austin.
Exploration & Production , Infrastructure , Emissions , Renewables
DOE’s Granholm Encourages Role for Oil and Gas Industry in Energy Transition
New U.S. Energy Secretary Jennifer Granholm envisions oil and gas companies contributing expertise to develop low-carbon fuel sources as part of the energy transition.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of March 3, 2021
Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.
Lease Sales
On the Market Oil and Gas Quicklist (Week of March 3, 2021)
Here’s a quicklist of oil and gas assets on the market including certain a Samson Resources nonop / royalty package across several states plus an operated acquisition / farm-in opportunity in Wyoming’s D-J Basin.
Crude Oil , Storage
Record US Crude Oil Stockbuild as Refining Plummets after Texas Freeze
The increase in crude oil stocks in the U.S. was also driven by a big jump in crude imports, which rose by a net 1.66 million bbl/d, the EIA said.
Lease Sales
Marketed: Cameron Oil & Gas Operated Working Interest, Eddy and Lea Counties, New Mexico
The Oil & Gas Asset Clearinghouse LLC is partnering with Cameron Oil & Gas Inc. to market an operated working package that includes 82 wells in New Mexico’s Eddy and Lea counties.
Legislation , Emissions
House Democrats Introduce Wide-Ranging Climate Bill
Measure would decarbonize the electric grid by 2035.
Business
Exxon Mobil Pitches Investors on Dividend Growth, Debt Reduction
Investor pressure has mounted for Exxon to cut costs, improve financial returns and better prepare for the energy transition to lower-carbon fuels.
Business
Exxon Mobil to Cut Singapore Workforce amid ‘Unprecedented Market Conditions’
Exxon Mobil’s announcement also follows European major Shell’s decision in November to cut 500 staff and halve its crude processing capacity in Singapore
Policy & Regulations , Methane , International , Emissions
US Climate Envoy Kerry: Resistance to Energy Transition is Futile
John Kerry, Biden’s special envoy on climate, tells the oil and gas sector that he wants to work together on plans to reduce emissions to meet global goals.