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February Oil and Gas News Roundup

In February, the Biden Admin pulled drilling permits, Neptune Energy donated laptops to London schools, and Chevron announced its offer to acquire Noble Midstream Partners LP. Continue reading our oil and gas news round up to learn more about what’s happening in the industry this month.

Chevron Announces Offer to Acquire Noble Midstream Partners LP

The Chevron Corporation announced that it has submitted a non-binding proposal to acquire all the publicly held common units in NBLX not already owned by them and their affiliates. The current terms are subject to negotiations and must be approved by the Board of Directors of NBLX. Additionally, there is no assurance that an agreement will be reached, approval will happen any time soon, or that any transaction will be completed.

To read more about Chevron’s offer click here.

Biden Admin Pulls Drilling Permits

President Joe Biden canceled a permit for the Keystone XL oil pipeline his first day in office. Additionally, the Biden Administration is revoking dozens of drilling permits they have deemed as invalid. The Interior Department notified the affected oil and gas producers that roughly 70 permits governing onshore wells were improperly issued, resulting in those companies needing to seek new approvals. Although this process is quick, this is likely to further sour relations between the Biden Administration and the oil and gas industry.

For more information on the Biden Admin pulling permits, check out Rig zone’s article here.

Neptune Energy Donates Laptops to London Schools

When Neptune Energy became aware of the shortage of laptops for schoolchildren they decided to play their part. The company donated 50 laptops to two London schools in an effort to support online learning for students and to allow them to remain in contact with friends and classmates. Additionally, the Neptune Energy staff created a fundraiser which raised more than $6,000 (GBP 4,400). These funds were then split between the two primary schools.

Click here to read more about Neptune Energy’s donation to London schools on rigzone.com.

Reach Out to Tiger General

We hope you found our February oil and gas news roundup interesting. If you need a new piece of equipment fill out the Tiger General Truck Inquiry Form today!