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

Gibson Energy Appoints Curtis Philippon as President and Chief Executive Officer

July 31, 2024

Gibson Energy has appointed Curtis Philippon as the company’s new president and chief executive officer, effective August 29, 2024. “We are thrilled to welcome Curtis as the new president and chief executive officer of Gibson,” said Jim Estey, chair of

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AIQ and Halliburton Enter iEnergy® Partner Agreement for RoboWell Autonomous Well Control Solution

July 31, 2024

AIQ, the Abu Dhabi-based AI champion with innovative solutions for the energy sector, and Halliburton’s Landmark have signed a partnership agreement where AIQ’s RoboWell autonomous well control (AWC) solution will be made available through Halliburton’s Landmark iEnergy hybrid cloud. This

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Air Products Forms Management Board to Execute Company’s Two-pillar Growth Strategy

July 31, 2024

Air Products has formed a management board, bringing together talented senior leadership across the globe to execute the company’s two-pillar growth strategy. That strategy is to optimize and grow Air Products’ core industrial gases business while advancing the energy transition

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LLOG Exploration Acquires 41 Deepwater Gulf of Mexico Blocks

July 30, 2024

LLOG Exploration Company, focused on the deepwater Gulf of Mexico (GOM), has acquired 41 blocks of acreage encompassing approximately 236,000 acres in the East Breaks and Alaminos Canyon area of the deepwater GOM. “We are excited to add this significant

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Post Oak Minerals Closes on Acquisitions in Permian Basin for $475 Million

July 30, 2024

Post Oak Minerals (POM), an affiliate of Post Oak Energy Capital, has completed ten acquisitions with a total value of more than $475 million since the beginning of 2024, primarily in the Permian Basin. “We are delighted to capture a

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Digi International Works to Improve Oilfield Communications

July 30, 2024

As advancing technology allows more and more oilfield equipment to transmit data to operators, the wide-open spaces hosting oilfield activity is making those transmissions harder. Companies like Digi International are stepping up to help improve communications. In the Permian Basin,

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ExxonMobil Signs Carbon Capture Agreement with CF Industries in Mississippi

July 30, 2024

ExxonMobil has signed its fourth carbon capture and storage (CCS) agreement with a major industrial customer, the latest sign of its growing leadership in this key emissions-reduction technology. ExxonMobil said they will transport and permanently store up to 500,000 metric

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Sahara Group Makes Strategic Appointments to Drive Downstream Transformation

July 30, 2024

Sahara Group is propelling transformation of its downstream business with strategic appointments including Foluso Sobanjo as head, Africa Downstream, and Nomnso Dike as chief executive officer, Asharami Synergy Limited, a Sahara Group downstream company in Nigeria. Other appointments include Yvette

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Permian Resources Bolts-on Oxy’s Delaware Basin Assets for $820 Million

July 29, 2024

Permian Resources has entered into a definitive agreement with Occidental to acquire ~29,500 net acres, ~9,900 net royalty acres, and ~15,000 Boe/d predominantly located directly offset the company’s existing position in Reeves County, Texas for $817.5 million. The transaction is

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Vital Energy, Northern Oil and Gas to Acquire Point Energy Partners for $1.1 Billion

July 29, 2024

Vital Energy has signed a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners, a Vortus Investments portfolio company. The transaction will significantly increase the company’s operational scale and footprint in the Delaware Basin and

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