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Biden’s Natural Gas Pause Could Complicate Pennsylvania Strategy
May 8, 2024
The Biden administration’s pause on natural gas exports is putting the president in a tricky political spot in Pennsylvania, one of the key swing states in November. Pennsylvania has been one of the biggest beneficiaries of the last decade’s natural
Enterprise Targets FID for SPOT Project by End of 2024
May 7, 2024
Enterprise Products Partners said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end. Enterprise’s ambitious Sea Port Oil Terminal (SPOT), proposed off for a site
Pioneer Responds to FTC Settlement Complaint Filed as Part of Merger Approval with ExxonMobil
May 7, 2024
Pioneer Natural Resources issued the following statement in response to the decision by the U.S. Federal Trade Commission to clear the proposed merger with Exxon Mobil Corporation subject to a consent order based on allegations in a settlement complaint directed
Sunoco Completes $7.3 Billion NuStar Energy Merger
May 7, 2024
Sunoco said it has completed the acquisition of NuStar. The merger was approved by NuStar unitholders at its special meeting held on May 1, 2024. The completion of this transaction increases Sunoco’s stability and credit profile, strengthens its financial foundation,
Committee Questions Haaland on FY25 Request and Throttling of Energy Production on Federal Lands
May 7, 2024
The U.S. Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-WV) held a hearing to question U.S. Department of the Interior (DOI) Secretary Deb Haaland about the President’s budget request for the DOI for fiscal year 2025 (FY25). During
Touchstone Exploration to Acquire Trinity Exploration and Production in $30 Million Deal
May 6, 2024
Touchstone Exploration has agreed to acquire Trinity Exploration and Production, a crude oil exploration, development, and production company operating in Trinidad and Tobago, in an all-stock deal worth around $30.1 million. Trinity Exploration and Production holds producing assets both onshore
U.S. Oil and Gas Rig Count Reaches Lowest Level in More Than Two Years
May 6, 2024
Energy companies in the United States have reduced the number of operating oil and natural gas rigs for the second consecutive week, reaching the lowest count since January 2022, according to Baker Hughes’ latest report. The total count of oil
Zeta Energy Appoints Michael Everett as COO
May 6, 2024
Zeta Energy, a Houston-based company that has developed a world-leading lithium-sulfur battery, has appointed Michael Everett as chief operating officer. “We are thrilled to bring Michael into the Zeta family. The timing could not be more perfect. Zeta is in
ExxonMobil Completes $60 Billion Acquisition of Pioneer Natural Resources
May 3, 2024
Exxon Mobil Corporation has closed its $60 billion acquisition of Pioneer Natural Resources Company after receiving a go-head from the U.S. Federal Trade Commission (FTC). The merger of ExxonMobil and Pioneer creates an unconventional business with the largest, high-return development
Canada’s Long-delayed Trans Mountain Oil Pipeline Starts Operations
May 3, 2024
After 12 years and C$34 billion ($25 billion), Canada’s Trans Mountain pipeline expansion project (TMX) began commercial oil shipments on Wednesday, a major milestone expected to transform access to global markets for the country’s producers. Pipeline constraints have forced Canadian
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