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Oil, Gas Groups Sue to Block U.S. Rule Raising Drilling Fees on Public Lands
May 20, 2024
Fossil fuel groups have sued the U.S. Bureau of Land Management seeking to block a rule that will raise fees for oil and gas development on federal lands as a part of the U.S. government’s broader effort to boost returns
U.S. Drillers Add Oil and Gas Rigs for First Time in Four Weeks
May 20, 2024
U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator
Equinor Acquires Stake in Two Standard Lithium’s Projects in Arkansas and Texas for $160 Million
May 17, 2024
Standard Lithium Ltd. has closed on a landmark strategic partnership with Equinor to accelerate the development of Standard Lithium’s large-scale, sustainable lithium projects in the Smackover Formation. The transaction includes Equinor’s contribution of up to $160 million, representing its total
Tivoli Midstream Acquires Strategic Texas Gulf Coast Terminal Assets
May 17, 2024
Tivoli Midstream has closed on the acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County — Chocolate Bayou Assets — from affiliates of Ascend Performance Materials. The Chocolate Bayou Assets consist of
CPS Energy Closes $785 Million Deal for Talen Energy’s Texas NatGas Plants
May 17, 2024
CPS Energy has closed on the acquisition of Talen Energy’s 1,710-megawatt generation portfolio located in the South Zone of the Electric Reliability Council of Texas (ERCOT) for $785 million. These assets include natural gas plants in Corpus Christi and Laredo,
SLB OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor, Commence Work on Wisting, Bay Du Nord
May 17, 2024
SLB said it has signed a new long-term strategic collaboration agreement between Equinor and the Subsea Integration Alliance. The alliance is comprised of OneSubsea™ and Subsea7. The agreement paves the way for exploratory work to begin on two projects, the
Chouest Acquires ROV Company ROVOP
May 17, 2024
ROVOP, a global supplier of ROV services to the energy sector, said it has been acquired by Chouest. ROVOP is one of the world’s largest providers of ROV services, delivering high performing assets and personnel to deliver exceptional subsea operations
Crescent Energy to Acquire SilverBow Resources for $2.1 Billion
May 16, 2024
Crescent Energy Company and SilverBow Resources have entered into a definitive agreement where Crescent will acquire SilverBow in a transaction valued at $2.1 billion. The transaction will create a scaled company with a balanced portfolio of high-quality and long-life assets,
Plug Power Secures $1.66B DOE Conditional Loan Guarantee for Green Hydrogen Development Pipeline
May 16, 2024
Plug Power Inc. has received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy’s Loan Programs Office (LPO) to finance the development, construction, and ownership of up to six green hydrogen production facilities.
FERC Takes on Long-Term Planning with Historic Transmission Rule
May 16, 2024
FERC acted to ensure the transmission grid can meet the nation’s growing demand for reliable electricity with a new rule that outlines how to plan and pay for facilities that regions of the country will need to keep the lights
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