Demand destruction wrought by the impacts of COVID-19 is precipitating swift reassessment in the refining sector as the industry adjusts its level of refining capacity needed compared to what had been expected prior to the pandemic. The latest IHS Markit refined products demand outlook shows that the refining industry would need to shutter some 3.1 […]

Danos has been named the recipient of the 2020 Workforce Innovator of the Year Award by the Louisiana Association of Business and Industry (LABI). According to the organization, the award honors organizations “that have provided substantial innovations or contributions to workforce development in Louisiana. The award recognizes those who have excelled in creating, implementing, or […]

America is the world’s leading producer of oil and natural gas. The oil and gas industry supports millions of American jobs, provides lower energy costs for consumers, and ensures our energy security. The Trump Administration and the Department of Energy have shown commitment to supporting our oil and gas industry so that we continue to […]

At least 10 proposed liquefied natural gas (LNG) export projects that have been approved for construction by regulators are now delayed by at least a year, as companies confronted by both the COVID-19 recession and the oversupply of natural gas have postponed final investment decisions. The analysis is based on corporate announcements and regulatory decisions […]

Blackbuck Resources LLC, which designs, builds, and operates water infrastructure, announced it has closed on a transaction to purchase Cimarex Energy Co.’s Whites City water infrastructure in Eddy County, N.M. The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. As part of the sale, […]

The International Association of Drilling Contractors (IADC) released on Nov. 2 the following statement on the President’s Executive Order concerning hydraulic fracturing from President Jason McFarland. “IADC welcomes the Administration’s efforts to take a serious look at the plethora of economic benefits that hydraulic fracturing brings to the United States. Experts widely agree that this […]

Following ConocoPhillips’ $9.7 billion acquisition of shale rival Concho Resources, Steven Ho, oil and gas analyst at GlobalData, a leading data and analytics company, offers his view on the acquisition: “This transaction is beneficial to both parties and in line with what has been expected for the industry in terms of merging opportunities,” Ho said. […]

Devon Energy and WPX Energy announced Sept. 28 they have entered into an agreement to combine in an all-stock merger of equals transaction. The strategic combination will create a leading unconventional oil producer in the United States, with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. […]