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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
DOE Allocates $8 Million for Research on Climate and Earth System Model Development and Analysis
August 19, 2022
The U.S. Department of Energy (DOE) has allocated $8 million in funding for ten projects in earth and environmental system modeling research. Awards will focus on further development of DOE’s flagship Energy Exascale Earth System Model (E3SM) and studies that
Phillips 66 Makes Offer to Acquire DCP Midstream in $7.2 Billion Cash Deal
August 18, 2022
Houston oil giant Phillips 66 is offering to buy the common shares of Denver-based DCP Midstream and consolidate ownership of the natural gas processing and pipeline business that it jointly owns today. DCP Midstream, currently Colorado’s largest oil and gas
U.S. Court Vacates Decision to Block Federal Oil, Gas Leasing Pause
August 18, 2022
A U.S. appeals court on Wednesday vacated a lower court’s decision to block the Biden administration’s pause on new oil and gas leasing on federal land and waters — a key piece of the president’s climate change strategy — and
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