Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Russia’s Gas Supply Cuts in Europe Could Fuel More U.S. Coal-to-Gas Switching

May 2, 2022

The U.S. power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. The price pressure could come following a recent but potentially extended suspension

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Shell, Archaea Energy Take Early Steps Toward Underground Carbon Storage in Pennsylvania

May 2, 2022

Two companies, Shell and Archaea Energy, have met with state environmental regulators to discuss preliminary plans for developing Pennsylvania’s first wells to store carbon dioxide. Shell, which is preparing to begin operating its world-scale petrochemical plant in Beaver County this

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SilverBow Resources to Acquire Sundance Energy and SandPoint Resources for $425 Million

April 29, 2022

SilverBow Resources, Inc. has entered into a definitive agreement to acquire substantially all of the assets of Sundance Energy and certain affiliated entities for a total purchase price of $354 million and up to $15 million of contingent payments based

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Delek Logistics to Acquire 3Bear Energy’s Permian Basin Assets for $624.7 Million

April 29, 2022

Delek Logistics Partners has signed a definitive purchase agreement for the acquisition of 100 percent of the equity interests of 3Bear Delaware Holding, an indirect subsidiary of 3Bear Energy, related to 3Bear’s crude oil and gas gathering, processing, and transportation

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ARM Energy Acquires NextEra Energy’s Monument Pipeline for $203 Million

April 29, 2022

ARM Energy Holdings, along with certain of its affiliates, various financial partners, and co-investors has acquired Monument Pipeline, a Houston-based natural gas pipeline, from affiliates of NextEra Energy Partners. Monument provides natural gas transportation and marketing services to end-users in

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Oxy Partners with Weyerhaeuser for Carbon Capture Hub in Louisiana

April 29, 2022

Occidental’s Oxy Low Carbon Ventures (OLCV) subsidiary and Weyerhaeuser Company entered into an agreement for the evaluation and potential development of a carbon capture and sequestration project in Livingston Parish, Louisiana. The lease agreement provides OLCV with exclusive rights to

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Nabors Invests in Ultra-Deep Geothermal Drilling Technology Innovator, GA Drilling

April 29, 2022

Nabors Industries Ltd. has added to its clean energy portfolio with a US$8 million investment in GA Drilling. This strategic investment expands Nabors’ commitment to deep-drilling technologies tapping super-hot, ultra-deep rock reservoirs. GA Drilling, a geothermal technology company with headquarters

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PHX Minerals Acquires Chesapeake’s Haynesville Play for $4.3 Million, Louisiana

April 28, 2022

PHX Minerals has made a mineral and royalty acquisition targeting the Haynesville play in Louisiana. PHX has agreed to acquire approximately 477 net royalty acres located in three contiguous sections operated by Chesapeake for aggregate consideration of $4,300,000 in cash

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U.S. Authorizes More LNG from Two Plants in Development

April 28, 2022

The U.S. Department of Energy said on Wednesday it authorized additional liquefied natural gas shipments from two plants in construction and development, as Russia’s invasion of Ukraine increases focus on boosting the domestic fossil fuel industry. The department said the

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ECOTEC to Partner with Archrock on Methane Emissions Management

April 27, 2022

Ecotec International Holdings made a strategic minority equity investment by Archrock. Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression. In addition to the strategic investment, Archrock will also begin offering ECOTEC’s suite of

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