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Energy Transfer Signs LNG Supply Agreement with Shell
August 25, 2022
Energy Transfer LNG Export, a subsidiary of US-based midstream energy company Energy Transfer, has signed an LNG sale and purchase agreement (SPA) with Shell. As agreed, the company will supply 2.1 million tonnes of LNG per annum (mtpa) to Shell
Europe’s Energy Crisis Underscores the Need for Fuel Diversity
August 25, 2022
The energy crisis in Europe keeps getting worse. Months of warnings are now becoming grim reality. European power prices are now equivalent to more than $1,000 per barrel of oil. The price of natural gas is 13 times its normal
Tidewater to Acquire Swire Pacific Offshore for $190 Million
August 23, 2022
Tidewater, a US-based offshore service vessels provider, has agreed to acquire Swire Pacific Offshore (SPO), a subsidiary of Swire Pacific, for total of around $190 million. Through the transaction, Tidewater will add SPO’s fleet of 50 offshore support vessels (OSVs),
Delfin Seeks More Time to Build U.S. Gulf of Mexico LNG Export Plant
August 23, 2022
U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until
Crew Energy Divests Noncore Montney Assets for $130 Million
August 22, 2022
Crew Energy Inc. has successfully completed the sale of certain non-core assets at Attachie and Portage in northeast British Columbia for gross proceeds of $130 million. The net proceeds from the disposition will be used to redeem $128 million principal
Warren Buffett Gets FERC Approval to Buy Half of Occidental’s Shares for $397 Million
August 22, 2022
The Federal Energy Regulatory Commission (FERC) authorized Warren Buffett’s Berkshire Hathaway Inc. to purchase up to 50 percent of Occidental Petroleum Corp., according to an order made public on Aug. 19. The order responds to a Berkshire Hathaway application filed
U.S. Oil & gas Rig Count Falls for Third Week in a Row
August 22, 2022
U.S. energy firms this week cut the number of oil and natural gas rigs for a third week in a row even as they slowly increase production to pre-pandemic levels with shale oil output expected to hit its highest since
Tellurian Completes $125.5 Million Haynesville Basin Acquisition
August 19, 2022
Tellurian, through its wholly owned subsidiary Tellurian Production (TPC), has closed on the acquisition of certain assets in the Haynesville from privately held EnSight IV Energy Partners and EnSight Haynesville Partners. The cash consideration at closing was $125.5 million, revised
Judge Rules Oil Pipeline Dispute Between Enbridge and Michigan Belongs in Federal Court
August 19, 2022
A state of Michigan lawsuit that aims to force Enbridge Inc to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes will be heard in federal court, a judge ruled on Thursday. The
Continental Resources Promotes Doug Lawler to President & COO
August 19, 2022
Continental Resources has promoted Doug Lawler to president and chief operating officer. Doug joined Continental in February as chief operating officer and executive vice president following three decades in the oil and gas industry. “Since joining Continental in February, Doug
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