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NEWS Click on text to read news by category: General | Product | People | Worldwide

JF Petroleum Group Acquires GE Goodson Service Company

April 18, 2024

The JF Petroleum Group has acquired GE Goodson Service Company. Goodson is an established general contractor serving the petroleum equipment industry, headquartered in Midland, Texas, providing maintenance and repair, and compliance testing services. Terms of the transaction were not disclosed.

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Trio Petroleum to Increase Monterey County Oil Production

April 18, 2024

Trio Petroleum released an update on its oil producing assets in Monterey County, California, including at the Presidents Field of the South Salinas Project and at the McCool Ranch Field. “The company currently operates two highly promising, proven petroleum assets

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Mexico Pacific Promotes Sarah Bairstow to Chief Executive Officer

April 18, 2024

Mexico Pacific Limited president Sarah Bairstow, has been appointed as chief executive officer. Bairstow’s appointment follows Ivan Van der Walt’s resignation as CEO to pursue other interests. “Mexico Pacific has achieved substantial progress over the past year and as we

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Fire Closes Atlas Energy’s Kermit, Texas Mining Facility

April 18, 2024

On April 14th, a fire occurred at the Atlas Energy Solutions mine in Kermit, Texas. The company said all personnel at the site, including company employees and contractors, are safe and that no injuries or environmental impacts occurred. Regional emergency

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ExxonMobil Makes Final Investment Decision for Whiptail Development, Offshore Guyana

April 17, 2024

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by

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DOI Issues Final Rule for Decommissioning Offshore Oil and Gas Facilities

April 17, 2024

The Department of the Interior has issued a final rule from the Bureau of Ocean Energy Management (BOEM) to protect taxpayers from covering costs that should be borne by the oil and gas industry when offshore platforms require decommissioning. With

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U.S. Could Release More SPR Oil to Keep Gas Prices Low

April 17, 2024

U.S. President Joe Biden will do what he can to ensure affordable gasoline prices, White House senior adviser John Podesta said at an industry conference on Tuesday, when asked about future releases of crude oil from the Strategic Petroleum Reserve

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Equinor to Acquire EQT’s Non-operated Natural Gas Assets in Pa. for $500 Million

April 16, 2024

EQT Corporation said it has entered into an agreement with Equinor USA Onshore Properties and their affiliates to sell an undivided 40 percent interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025

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Pembina Issues Notice to Proceed with Its Cedar FLNG, Secures Long-Term Offtake Support

April 16, 2024

Pembina Pipeline Corporation with its partner the Haisla Nation have achieved significant progress on the proposed Cedar LNG project, including securing long-term commercial offtake support and issuing a notice to proceed (NTP) to Samsung Heavy Industries and Black & Veatch.

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Cenovus Energy to Invest $1.5 Billion in Ohio Refineries

April 16, 2024

Cenovus Energy said it will make a $1.5 billion investment in its Ohio refineries, both in Lima and Oregon. According to a press release, the company also plans to add 115 new jobs to its office in Dublin. “The recent

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