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Colorado State University Lands $25 Million Grant to Boost Methane Detection Work
June 10, 2024
The largest and most active methane emissions detection test bed in the world is located in Colorado. It just landed a $25 million grant from the U.S. Department of Energy to expand its methane leak simulator site in Fort Collins.
U.S. Oil and Gas Rig Count Falls to Lowest Since January 2022
June 10, 2024
U.S. energy firms last week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count,
Lynred Launches Two Infrared Imaging Detectors for Optical Gas Imaging Applications
June 10, 2024
Lynred has unveiled two infrared imaging products offering oil and gas facility operators a range of solutions to effectively detect and inspect methane leaks, enhancing their capabilities in adhering to recently updated and stricter greenhouse gas emission rules. EOLE and
TC Energy Shareholders Approve Spinoff of South Bow
June 7, 2024
TC Energy said its shareholders voted to approve the spinoff of the company’s liquids pipelines business and elected TC Energy’s board of directors at its 2024 annual and special meeting of shareholders. TC Energy shareholders voted in favor of the
TerraSource Global Acquires Peninsula Iron Works
June 7, 2024
TerraSource Global has acquired Peninsula Iron Works (PIW). PIW is a premier refurbisher, rebuilder, and parts manufacturer for capital equipment and large assemblies across the mining, metal products/fabrication, steel recycling/making, building products, and industrial equipment industries. PIW services include new
Key Energy Services Acquires Endeavor’s Well Servicing Division
June 7, 2024
Key Energy Services has acquired substantially all the assets of the well servicing division of Endeavor Energy Resources in an all-cash transaction. Key will continue support Endeavor’s well servicing needs in the Permian Basin with these assets. “We are excited
Saltchuk to Acquire Overseas Shipholding Group for $950 Million
June 7, 2024
Overseas Shipholding Group and Saltchuk Resources have entered into a definitive merger agreement where Saltchuk has agreed to acquire OSG in a transaction that values the company at an aggregate equity value of approximately $653 million and a total transaction
Seadrill to Sell Three Jackups Rigs for $338 Million to Gulf Drilling International, Qatar
June 7, 2024
Seadrill Limited has entered into a definitive agreement to sell three jack-up rigs — the West Castor, the West Telesto, and the West Tucana (Qatar Jack-Up Fleet) — and its 50 percent equity interest in the joint venture that operates
Sulzer Collaborates with TechnipFMC on CO₂ Pumps for Subsea Oil and Gas Separation
June 7, 2024
Sulzer Flow Equipment has been selected by TechnipFMC to collaborate in developing new subsea CO₂ pump solutions for new technologies. Petrobras’ revolutionary high pressure separation technology, HISEP®, enables the separation of CO₂-rich natural gas from oil at the seabed. The
Senator Capito Introduces Resolution to Block Biden’s Plan to Shutter American Power Plants
June 7, 2024
U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) Committee, led 43 of her Senate colleagues in introducing a formal challenge to the Biden administration’s regulations intended to shut down American power plants
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