Sources say that Northern Oil and Gas is in the process of acquiring Granite Ridge, a smaller rival.
According to sources familiar with the situation, Northern Oil and Gas made a purchase offer for Granite Ridge Resources. Granite Ridge Resources is a small U.S. oil and gas producer that operates in the Permian and Eagle Ford basins.
North Dakota oil plants slow to return online after wildfires in October
The state's Industrial Commission reported on Wednesday that oil operators in North Dakota are still working to bring some of their facilities online after wildfires in October swept through counties with significant oil production.
North Dakota oil operators are still bringing back some facilities online after wildfires in October
The state's Industrial Commission reported on Wednesday that oil operators in North Dakota are still working to bring some of their facilities online after wildfires in October ravaged key oil-producing counties. Mark…
Cargill, a giant in the commodities trading industry, plans to reduce around 8,000 positions
Cargill, a global trading company, announced on Tuesday that it will cut 5% or 8,000 jobs from its workforce. Revenues in the most recent fiscal period were down due to low crop prices. Cargill, a privately-held agricultural merchant…
"Green Energy" will drive the need for more Mining and Metals Production
Clean energy may mean less mining for coal, but it also means opening or expanding mines to unearth minerals such as cobalt for use in alloys and batteries, tellurium for solar cells and semiconductors, and germanium for transistors in electronic devices.
U.S. Crude Stocks Jump More Than Anticipated -EIA
U.S. crude stocks rose more than expected while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 7.5 million barrels in the week to Feb.
VA Offshore Wind: A Strong Foundation
Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including wind towers for electricity generation and the supply chain to support that extensive infrastructure and operations.
MN Regulators Signal Support of Enbridge Pipeline
Three of five members of the Minnesota Public Utilities Commission said on Thursday they support issuing a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers.
Minnesota Regulators Question Enbridge Pipeline Expansion
Commissioners on a Minnesota regulatory board questioned crude oil demand for Enbridge Inc's Line 3 pipeline on whether work can proceed on a proposed expansion of the line. Enbridge wants to replace the aging 1,031 mile pipeline that runs from Alberta to Wisconsin…
Wind Farms Boost Tax Base for Local US Governments
Wind farms have boosted local tax bases and generated new revenue as they expand across the United States, especially for rural areas, Moody's Investors Service said in a report on Monday."What we're seeing is wind farms generate new operating revenues…
Marathon Creates Top U.S. Refiner with Andeavor Acquisition
Marathon paying $152/share to create biggest independent refiner; Andeavor assets include pipelines, refineries, gas stations. Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion…
Investigators Work to Determine Cause of Wisconsin Refinery Blast
Investigators on Friday searched for the cause of a blast at a Husky Energy refinery that injured at least 15 people and rocked a northern Wisconsin city, sending smoke billowing into the sky and prompting tens of thousands to evacuate.
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner…
ProPetro Holding Profit Misses, Shares Fall
Shares of ProPetro Holding Corp fell by as much as 12.9 percent on Tuesday after the U.S. pressure pumper reported a lower than expected quarterly profit on weather-related delays and a higher mix of lower-margin services.
Sand Delays to Cut Halliburton's Q1 EPS
Halliburton Co's first-quarter earnings would be reduced by 10 cents per share due to delays in sand deliveries, a senior company executive said on Thursday. Chief Financial Officer Christopher Weber said the U.S. oilfield…
Minnesota Pipeline Leaks 300 Barrels of Gasoline
The leak occurred in Eagan, Minnesota and was caused by third-party excavation equipment, the company said. Magellan said emergency responders are on site and a few business operations in the immediate area have been evacuated.
U.S. Midwest Refiners Boost Output
U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps.
US Solar Industry's Growth Region: Trump Country
President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies. And yet the solar power industry is booming across Trump country…
Senators Object to EPA's Planned Biofuel Changes
A group of 38 U.S. senators asked the U.S. Environmental Protection Agency on Thursday to abandon plans to lower biofuels requirements for oil refiners in 2018, according to a letter made public by the office of Senator Amy Klobuchar of Minnesota.
Cargill Finalizes Sale of Oil Unit to Macquarie
Commodity trader Cargill Inc completed the sale of its petroleum business to Australian investment bank Macquarie Group Ltd on June 30, a company spokeswoman told Reuters on Friday. The company will continue to offer…
