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Piñon Midstream Increases Delaware Basin Sour Gas Treating Capacity, New Mexico
May 30, 2024
Piñon Midstream has commissioned its third 450-GPM amine treating unit, which is now in service at its sour natural gas treating and carbon capture facility, the Dark Horse Treating Facility located in Lea County, New Mexico. In addition, Piñon also
Acura Embedded Systems, Frore Systems Launch RoughNeck with AirJet for Hostile Offshore Environments
May 30, 2024
In a string of announcements following Frore Systems’ $80M series C fundraising, Frore Systems released the latest product to feature AirJet Mini, the world’s first solid-state active cooling chip. RoughNeck with AirJet, a new industrial panel PC manufactured by Acura
ConocoPhillips to Acquire Marathon Oil for $22.5 Billion
May 29, 2024
ConocoPhillips and Marathon Oil have entered into a definitive agreement to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. “This acquisition of Marathon Oil
Conduit Power and Riley Permian JV to Build New Power Generation and Storage Assets
May 29, 2024
Conduit Power and Riley Exploration Permian have entered into definitive agreements to expand the scope of their joint venture, RPC Power, to build new power generation and storage assets for the sale of energy and ancillary services to ERCOT, the
Alaska Gov. Dunleavy Elected Chairman of Interstate Oil and Gas Compact Commission
May 29, 2024
Alaska Gov. Mike Dunleavy was elected the incoming chairman of the Interstate Oil and Gas Compact Commission on Wednesday. He will succeed Gov. Mark Gordon of Wyoming, taking over as chairman at the annual meeting, which will take place Oct.
House Oversight Committee Releases Report on Detrimental Green New Deal Agenda
May 29, 2024
The House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) issued a report outlining how the Biden administration’s Green New Deal energy policies have led to higher gas prices, growing uncertainty in America’s power sector, confusion in the market
Xcel Energy Names Rob Berntsen as Executive Vice President and Chief Legal and Compliance Officer
May 29, 2024
Xcel Energy has named Rob Berntsen as the company’s executive vice president and chief legal and compliance officer. Berntsen takes over the role from Amanda Rome, who held the position on an interim basis while also serving in her role
Biden Administration to Release One Million Barrels of Gasoline from a Northeast Reserve
May 29, 2024
The United States will release 1 million barrels of gasoline from a Northeast reserve into the commercial market, the Biden administration said, in an effort to keep prices low at U.S. pumps this summer. The barrels, representing some 42 million
Imperial Oil Achieves First Oil Production from Grand Rapids Project Using Lower Emission Technology
May 28, 2024
Imperial Oil said its Grand Rapids oil sands project has started production at Cold Lake, marking the first commercial deployment of the recovery technology that uses less steam to lower emissions intensity. The project, located at Imperial’s Cold Lake operating
ADNOC Secures Equity Position and LNG Offtake Agreement in NextDecade’s Rio Grande LNG Project
May 28, 2024
DNOC has acquired a 11.7 percent stake in phase 1 (trains 1-3) of NextDecade’s Rio Grande LNG (RGLNG). The Rio Grande LNG is a leading liquefied natural gas (LNG) export project located in Texas, which is expected to produce a
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