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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
Sept. 25: BLM Wyoming State Office to Hold Oil and Gas Lease Sale
July 29, 2024
The Bureau of Land Management Wyoming State Office has scheduled an oil and gas lease sale for September 25, 2024, to offer four oil and gas parcels totaling 159.38 acres in Wyoming. The BLM completed scoping on these parcels in
U.S. Rig Count Shows Biggest Monthly Jump Since November 2022
July 29, 2024
U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on
Tenaz Energy to Acquire NAM Offshore B.V. for $246 Million
July 29, 2024
Tenaz Energy Corp. has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (NAM), a 50/50 joint venture between Shell and ExxonMobil, to acquire all of the issued and outstanding shares of NAM Offshore B.V. (NOBV) for $246 million. The
NextDecade Appoints Tarik Skeik as Chief Operating Officer
July 26, 2024
NextDecade Corporation has appointed Tarik Skeik as chief operating officer of the Company. In this role, Skeik further enhance a management team with outstanding experience in major capital project delivery and operations as the company works to deliver phase 1
Helmerich & Payne to Acquire KCA Deutag for $2 Billion
July 26, 2024
KCA Deutag International Limited and Helmerich & Payne have entered into a definitive agreement where KCA Deutag will be acquired by H&P for $1.9725 billion in cash. “This is a historic and transformative transaction for the company, and we are
Indigenous Consortium to Acquire Stake in TC Energy’s NGTL System
July 26, 2024
TC Energy Corp. is nearing a deal to sell a stake in a natural gas pipeline system to indigenous communities in Western Canada, with help from Alberta’s government. A provincial government agency has given “contingent approval” on a $726 million
Alaska Regulators Back ENSTAR’s Plan to Build $57 Million Pipeline to Import Natural Gas
July 26, 2024
Alaska regulators have conditionally approved a request by Southcentral Alaska’s natural gas utility to build a pipeline that could potentially import natural gas into Alaska, as future supplies of the resource wane in the Cook Inlet basin. The decision by
Williams Set to Resume Building Louisiana Energy Gateway Gas Project
July 26, 2024
Williams is set to proceed with construction of its delayed Louisiana Energy Gateway natural gas gathering pipeline, after it resumes pre-construction activities along its right-of-way as early as July 25, it told the Federal Energy Regulatory Commission on Friday. While
Cemvita Unlocks New Efficient Technologies for Its Microbial Waste-to-Oil Process
July 26, 2024
Cemvita has made a major milestone in its production capabilities. Showcasing the groundbreaking science behind its microbial waste-to-oil process, Cemvita has unlocked new efficient technologies that allow for the production of up to 500 barrels per day of sustainable oil
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