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MPLX JV Reaches Final Investment Decision to Advance Whistler Pipeline Expansion
May 4, 2022
MPLX, WhiteWater Midstream, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas have reached a final investment decision to move forward with the expansion of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers.
Coterra and Devon Study New LNG Opportunities
May 4, 2022
Shale producers Coterra Energy and Devon Energy said they were evaluating new opportunities tied to liquefied natural gas (LNG) but warned of a “crowded” market and challenging economics. Demand for U.S. LNG has boomed in recent months, driven by shortages
Civitas Resources Names Chris Doyle President and Chief Executive Officer
May 3, 2022
Civitas Resources has named Chris Doyle its next president and chief executive officer, effective May 2, 2022. Chris Doyle has more than 25 years of domestic and international experience in exploration and production (E&P) and midstream gathering and processing –
Haynesville Shale Producer Rockcliff Taps Project Canary for ESG Certification
May 3, 2022
Rockcliff Energy II LLC has committed to utilize Project Canary for independent, real-time continuous emissions monitoring. Rockcliff has deployed 171 high-fidelity Canary X continuous emissions monitors on 57 sites to verify existing low methane intensity and immediately measure and detect
U.S. Senate Panel Expected to Vote on Bill Allowing Anti-trust Lawsuits Against OPEC
May 3, 2022
A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, a Senate aide said on Thursday. The
ConocoPhillips Promotes Tim Leach as Advisor to CEO
May 2, 2022
ConocoPhillips said Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with
PetroRio to Acquire Petrobras’ Stake in Albacora Leste Field for $2.2 Billion, Offshore Brazil
May 2, 2022
PetroRio, through its subsidiary Petro Rio Jaguar Petróleo, has agreed to acquire a 90 percent operating stake in the producing Albacora Leste field, offshore Brazil, from Petróleo Brasileiro (Petrobras) for $2.2 billion. The remaining 10 percent stake in the field
Russia’s Gas Supply Cuts in Europe Could Fuel More U.S. Coal-to-Gas Switching
May 2, 2022
The U.S. power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. The price pressure could come following a recent but potentially extended suspension
Shell, Archaea Energy Take Early Steps Toward Underground Carbon Storage in Pennsylvania
May 2, 2022
Two companies, Shell and Archaea Energy, have met with state environmental regulators to discuss preliminary plans for developing Pennsylvania’s first wells to store carbon dioxide. Shell, which is preparing to begin operating its world-scale petrochemical plant in Beaver County this
SilverBow Resources to Acquire Sundance Energy and SandPoint Resources for $425 Million
April 29, 2022
SilverBow Resources, Inc. has entered into a definitive agreement to acquire substantially all of the assets of Sundance Energy and certain affiliated entities for a total purchase price of $354 million and up to $15 million of contingent payments based
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