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New York won’t appeal its defeat in Exxon climate trial

New York won’t appeal its defeat in Exxon climate trial

New York said it won’t appeal a ruling by a judge who last month rejected the state’s claim. Mako-1 well is located southeast of the Liza field on the Stabroek Block. ExxonMobil issued the statement in response to the verdict from the Supreme Court of the State of New York. It misled investors for years...

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Noble Energy’s first gas from Leviathan comes in $150M under budget

Noble Energy’s first gas from Leviathan comes in $150M under budget

Noble Energy announced the commencement of natural gas production from the Leviathan field. Company announced the commencement of natural gas production from the Leviathan field. It is the largest natural gas field in the Eastern Mediterranean. The stock exchange move will allow to leverage Nasdaq’s cutting-edge technology. The review was concluded with the sale of...

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Federal Reserve Bank of Dallas: Texas oil sector contracting amid ‘challenging’ conditions

Federal Reserve Bank of Dallas: Texas oil sector contracting amid ‘challenging’ conditions

Energy sector activity dipped again in the fourth quarter, according to executives responding to the Federal Reserve Bank of Dallas Energy Survey. The Federal Reserve Bank of Dallas has appointed Von Washington to its El Paso Branch board of directors. The Federal Reserve Board of Governors has appointed Claudia Aguirre of Houston to the Federal...

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Exxon, Chevron targeted by climate-activist investor group

Exxon, Chevron targeted by climate-activist investor group

The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe. Company announced that it has sanctioned the Anchor project in the U.S. Gulf of Mexico. Capital allocation decisions and lower price outlook expected to result in non-cash after tax charges in fourth quarter 2019. Company announced a contribution of $100,000...

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USGS estimates 214 Tcf of natural gas in Appalachian basin formations

USGS estimates 214 Tcf of natural gas in Appalachian basin formations

The Marcellus shale and Point Pleasant-Utica shale formations of the Appalachian basin contain an estimated. Forest Service and Mount Hood National Forest, will install three new volcano. The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources. It technically recoverable continuous resources of natural gas, according to new USGS...

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USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope

USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope

The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources. As Hurricane Dorian gets closer to Florida, U.S. Geological Survey scientists have been in the field from Savannah. The U.S. Geological Survey has awarded more than $12.5 million to seven universities. Twenty-five middle school girls from Washington and Oregon...

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Equinor pledges to clean up Bahamas oil spill

Equinor pledges to clean up Bahamas oil spill

In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. Company consortium to develop the floating offshore wind project. Equinor has, on behalf of the partners of the Northern Lights project. Equinor says it will clean up the spills from the South Riding Point oil terminal. Equinor is launching a...

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DOE authorizes LNG exports of up to 1.53 Bcfd at Mississippi liquefaction project

DOE authorizes LNG exports of up to 1.53 Bcfd at Mississippi liquefaction project

The U.S. Department of Energy’s Office of Fossil Energy today issued an order to Gulf LNG liquefaction Company. The Department of Energy’s (DOE) Office of Science has selected 73 scientists from across the nation. Department of Energy (DOE) announced $14 million in funding for 10 university-led research projects. LLC (GLLC) approving exports of domestically produced...

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CNOOC China signs cooperation framework agreement with Sinopec Corp

CNOOC China signs cooperation framework agreement with Sinopec Corp

CNOOC China Limited has signed a Cooperation Framework agreement. CNOOC Limited unveiled plans to raise capital spending over the next two years. It exports of gasoline from China are set to surge, predicts Fitch Solutions Macro research. CNOOC Ltd had signed an agreement to jointly conduct exploration. Chinese offshore oil and gas company CNOOC Ltd...

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Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum Company has announced that it closed on the previously announced divestiture of non-core assets. Callon Petroleum Company announced that senior management plans to participate in the upcoming investor event. Company also announced the launch of a new segment of its website dedicated to the Company’s sustainability practices. Company announced that it has declared...

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