Oil & Gas
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12/6/2016

Environmental Protection Agency Administrator Gina McCarthy said Monday that the US Army Corps of Engineers' decision to halt construction of the Dakota Access Pipeline does not send a "policy signal" that the Obama administration opposes all pipeline projects. "I think this is just a signal that issues have been raised that are of great concern to many people, and it's appropriate that we use the current system to make sure that we're looking at all environmental impacts," she said.

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The Hill
12/6/2016

Cheniere Energy has put up for sale $1.5 billion worth of senior notes due in 2025 and plans to use the money raised to pay off part of its debt linked with the Corpus Christi liquefied natural gas export facility. The Corpus Christi LNG project in Texas will have an annual production capacity of about 14.9 million tons and is expected to become operational in 2018.

12/6/2016

The Southwest Clean Air Agency has issued a draft air quality permit to Northwest Innovation Works' proposed $1 billion methanol plant at the Port of Kalama in Washington state, noting the company has managed to minimize emissions at the site using the latest technology. The facility would convert natural gas to methanol.

12/6/2016

Chesapeake Energy on Monday announced it has reached a deal with a private company to sell 78,000 net acres in Louisiana's Haynesville Shale for $450 million. The asset contains 250 wells producing about 30 million cubic feet of natural gas per day.

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Reuters
12/6/2016

An oil well operated by Smith Oil blew out in Hardin, Texas, on Monday as seven employees were packing it with drilling mud. Four workers were injured, and the company is trying to determine the cause of the incident.

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Smith Oil, Texas
12/6/2016

The American Petroleum Institute and the MAIN Coalition are appealing to President-elect Donald Trump to reverse the US Army Corps of Engineers' decision to block the $3.8 billion Dakota Access Pipeline when he assumes office. Trump has not revealed what he plans to do about the pipeline, but spokesman Jason Miller said the incoming administration would review the action.

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The Associated Press
12/6/2016

BHP Billiton, China Offshore Oil, Total, BP and ExxonMobil are among the oil companies that won Gulf of Mexico deepwater blocks in Mexico's oil auction Monday. The Trion oilfield, awarded to BHP Billiton Petroleo Operaciones de Mexico and Pemex Exploration & Production Mexico, is expected to begin production in 2023 and attract $11 billion in investments.

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Oil & Gas Journal
12/6/2016

ExxonMobil has dropped 60 deepwater leases in the US Gulf of Mexico over disappointing exploration data. Twenty of the relinquished blocks, located in the Walker Ridge, Alaminos Canyon, East Breaks and Keathley Canyon portions of the Gulf, were at the center of an exploration partnership with Russia's Rosneft.

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ExxonMobil
12/6/2016

A group of President-elect Donald Trump's advisers, including Rep. Markwayne Mullin, R-Okla., and former Cherokee Nation chief Ross Swimmer, is seeking to privatize Native American reservations, which sit on about 20% of the US' oil and natural gas reserves and are valued at about $1.5 trillion. The move would be aimed at eliminating bureaucracy and clearing the path for deregulated drilling.

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Reuters
12/6/2016

A newly discovered "frozen heart" terrain on Pluto may have developed at a time when the planet revolved faster than it does now, experts say. Temperature fluctuations on Pluto likely prompted intermittent freezing and thawing of its surface, and over time, ice attracted more ice, creating the heart shape.

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The Inquisitr