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Occidental and ADNOC to Partner for Potential Direct Air Capture Investment
August 29, 2023
Occidental and ADNOC said they will evaluate investment opportunities in direct air capture (DAC) facilities and carbon dioxide (CO2) sequestration hubs in the United States and the United Arab Emirates (UAE) as a pathway toward the development of carbon management
SunGas to Build $2 Billion Green Methanol Facility, Louisiana
August 29, 2023
SunGas Renewables has formed Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. A wholly-owned subsidiary of SunGas Renewables, BLRE is expected to generate from the facility nearly 400,000 metric tons of
DOE Issues NOI to Fund Buildout of Carbon Dioxide Transportation System
August 29, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) issued a notice of intent (NOI) to provide funding for DOE’s Carbon Dioxide (CO2) Transportation Infrastructure Finance and Innovation (CIFIA) Future Growth Grants program, focused on
BOEM Sets Sale for Gulf of Mexico Oil and Gas Lease Sale 261 for September 27
August 28, 2023
The Bureau of Ocean Energy Management (BOEM) will publish the final notice of sale (FNOS) and record of decision (ROD) for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register on August 25, 2023. BOEM plans
Devon Energy and WaterBridge Enter Delaware Basin Midstream JV
August 28, 2023
WaterBridge NDB, a portfolio company of Five Point Energy, has formed NDB Midstream, a strategic partnership with WPX Energy Permian, a subsidiary of Devon Energy. The partnership between two technical leaders, WaterBridge NDB within the produced water handling sector and
DOE Initiates $3.5 Million to Provide Workforce Development Opportunities in Energy Communities
August 28, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will allocate up to $3.5 million in federal funding available to help local communities across the country create a roadmap toward repurposing existing energy assets. The
Crescent Point to Sell Its North Dakota Assets for $6.75 Million
August 25, 2023
Crescent Point Energy has entered into an agreement with a private operator to sell its North Dakota assets for $500 million (approximately $675 million) in cash. “Over the last few years, we have taken several strategic steps to optimize our
DT Midstream to Build New Utica Shale Infrastructure
August 25, 2023
DT Midstream Inc. (DTM) is ramping up investment in greenfield and other growth projects, including a buildout of infrastructure in Ohio’s Utica Shale, the company said in its second-quarter 2023 report released on Aug. 1. The company reached a finalized
U.S. Oil M&A Jumps as Private Equity Unloads Shale Assets
August 25, 2023
U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last quarter soared to $24 billion — nearly
Interior Department Finalizes Well Control Rule to Strengthen Offshore Safety Standards
August 24, 2023
The Department of the Interior released new measures to enhance worker safety and ensure offshore oil and gas operations on the Outer Continental Shelf are conducted with the utmost safety and oversight standards. The final well control rule from the
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