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Sumitomo Looks to Tap U.S. Shale Boom
July 2, 2024
Japanese trading firm Sumitomo Corp. sees opportunities in U.S. shale oil and natural gas despite exiting production there three years ago. The company will seek to boost sales of pipelines used in U.S. shale fields, Shingo Ueno, who became president
Iowa Utilities Board Approves Summit Carbon Solutions’ CO₂ Pipeline
July 2, 2024
The Iowa Utilities Board (IUB) has approved Summit Carbon Solutions’ base pipeline project (HLP-2021-0001). This approval represents a significant milestone not for just Summit Carbon Solutions, but for the entire agriculture industry as it seeks access to new and emerging
DOE Invests $1.4 Million Toward Repurposing Existing Energy Assets
July 2, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has allocated $1.4 million in federal funding for 14 local organizations and universities representing communities across the country that will each create a roadmap toward repurposing
Deputy Energy Secretary David Turk Defends LNG Pause, Offers Little Transparency or Timeline
July 2, 2024
Department of Energy Deputy Secretary David Turk defended his administration’s LNG pause while repeatedly dancing his way around questions on when it would end at last week’s House Science, Space, and Technology hearing on the DOE Fiscal Year 2025 budget
FERC Approves Venture Global’s Calcasieu Pass 2 LNG Project, Louisiana
July 1, 2024
What would be the nation’s largest export terminal for liquefied natural gas won approval from a federal commission Thursday, although when the Louisiana project will be completed remains unclear in light of a Biden administration delay announced this year on
DOI Final Decision Denies Ambler Road Access, No New Oil & Gas in Arctic Ocean, Alaska
July 1, 2024
The Department of the Interior advanced two actions they say maintain protections on Bureau of Land Management (BLM)-managed public lands in Alaska that are home to key fish and wildlife habitat, sensitive rivers and streams, and other resources that are
Hilcorp to Acquire Eni’s Nikaitchuq and Oooguruk Assets, Alaska
July 1, 2024
Eni has signed a binding agreement with Hilcorp, one of the largest U.S. private company with extensive experience operating in Alaska, for the sale of 100 percent of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska. The company
Shell Canada Makes FID on Polaris Carbon and Atlas Capture and Storage Projects, Canada
July 1, 2024
Shell Canada Products has made the final investment decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tonnes of CO₂ annually from the
BP to Acquire Bunge’s Stake in Brazilian Biofuels JV for $1.4 Billion
July 1, 2024
bp has agreed to acquire Bunge’s 50 percent holding interest in its bp Bunge Bioenergia joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp will become sole owner of the industrial scale sugarcane and ethanol business, enabling bp
Northern Oil and Gas to Acquire 20% Stake in XCL Resources’ Unita Basin Assets for $510 Million
June 28, 2024
Northern Oil and Gas (NOG) has entered into a definitive agreement to acquire a 20 percent undivided stake in the XCL assets in partnership with SM Energy Company’s acquisition for a purchase price of $510 million. The acquired assets are
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