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Endeavor Energy Explores Sale for as Much as $30 Billion
December 13, 2023
Endeavor Energy Resources is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter. The
Occidental to Acquire CrownRock for $12 Billion
December 12, 2023
Occidental has entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock, a joint venture of CrownQuest Operating and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12 billion, including the assumption
Talos Energy Promotes John Spath to Executive Vice President and Head of Operations
December 12, 2023
Talos Energy has appointed John Spath as executive vice president and head of operations, effective immediately. Spath will have responsibility for the company’s upstream business operations. He succeeds Robert “Bob” Abendschein, executive vice president and chief operating officer. “I am
NGL Energy Partners Launch Open Season for Grand Mesa Pipeline, Colorado
December 11, 2023
NGL Energy Partners has launched a binding open season will start December 6, 2023 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline’s crude oil pipeline. This open season will close on January 5, 2024
U.S. Drillers Add Oil and Gas Rigs for Fourth Week in a Row, Lower than this Time Last Year
December 11, 2023
U.S. energy firms last week added oil and natural gas rigs for a fourth week in a row for the first time since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil
EPA Ups Estimates for the Social Cost of Carbon
December 11, 2023
The Environmental Protection Agency (EPA) updated its estimate of the “social cost” of carbon dioxide — a contrived way of increasing the cost of everything made from or using hydrocarbon resources to vilify those projects and keep them from becoming
Dominion Energy’s GardenFest of Lights Ranked Best Holiday Lights in the Nation
December 11, 2023
This year’s Dominion Energy’s GardenFest of Lights display was voted the best holiday lights in the nation by USA Today. On Friday, Dec. 8, USA Today announced Dominion Energy’s GardenFest of Lights ranked at No. 1 in its Best Botanical
Chevron to Spend Up to $19.5 Billion in 2024 in Upstream and Downstream Operations
December 8, 2023
American energy company Chevron revealed plans to spend between $18.5 billion and $19.5 billion in the upcoming year, with the bulk of that to be allocated on upstream operations. Chevron’s 2024 budget includes a projected organic capital expenditure (capex) of
ABB to Deliver Integrated Automation, Electrical, and Digital Solutions to Phase 1 of Rio Grande LNG
December 8, 2023
ABB has been awarded an order by Bechtel Energy to deliver integrated automation, electrical, and digital solutions for phase 1 of the Rio Grande LNG facility in Brownsville, Texas, a project developed by NextDecade Corporation. Bechtel Energy is undertaking construction
Mexico Pacific and Woodside Sign Long-Term LNG Sales and Purchase Agreement
December 8, 2023
Mexico Pacific Limited and Woodside have signed a sales and purchase agreement (SPA) for 1.3 million tonnes per annum (Mtpa), equivalent to approximately 18 cargoes per year, of liquefied natural gas (LNG) for 20 years. Under the SPA, Woodside will
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