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Eni and Vår Energi Agree to Acquire Neptune Energy for $4.9 Billion
July 26, 2023
Italian energy company Eni, together with Norwegian oil and gas company Vår Energi, has agreed to acquire UK-based offshore oil and gas company Neptune Energy for a total enterprise value of $4.9 billion. Established in 2015, Neptune is an independent
W&T Offshore Appoints Sameer Parasnis as Executive Vice President and CFO
July 26, 2023
W&T Offshore, Inc. has appointed Sameer Parasnis to the position of executive vice president and chief financial officer, effective July 3, 2023. “We are excited to welcome Sameer to W&T’s senior leadership team. Sameer has served as a trusted financial
TC Energy Partners With Global Infrastructure Partners in $3.9 Million Deal
July 25, 2023
TC Energy has entered into an agreement to monetize a 40 percent interest in its Columbia Gas Transmission and Columbia Gulf Transmission systems. Columbia Gas and Columbia Gulf will be held in a new joint venture partnership with Global Infrastructure
DOE Launches Funding Opp to Fund Efforts to Reduce Methane Emissions from Oil and Gas Sector
July 25, 2023
The U.S. Environmental Protection Agency (EPA), U.S. Department of Energy (DOE), and DOE’s National Energy Technology Laboratory (NETL) released a notice of intent announcing the first in a series of funding opportunities to monitor and reduce methane emissions from the
U.S. Drillers Cut Oil and Gas Rigs for Second Week in a Row
July 25, 2023
U.S. energy firms last week reduced the number of oil and natural gas rigs operating for a second week in a row, including the deepest oil rig cut since early June, energy services firm Baker Hughes said in its closely
Biden Admin Files Brief Asking Supreme Court to Reinstate Mountain Valley Pipeline
July 24, 2023
The Biden administration filed a brief late Friday, asking the Supreme Court to overturn a lower court ruling and reinstate the 303-mile Mountain Valley Pipeline (MVP) which would transport natural gas from West Virginia to Virginia. In the brief, filed
Chevron Makes Changes to Its Senior Leadership
July 24, 2023
Chevron Corporation has made several senior leadership changes as well as a waiver of the mandatory retirement age for the chairman and chief executive officer, Mike Wirth. Pierre Breber, vice president and chief financial officer, will retire from Chevron in
Fluor Reaches Significant Milestone on LNG Canada Project
July 21, 2023
With the arrival of the last module by ship from its fabrication yard in Zhuhai, China, Fluor Corporation said it has completed the module fabrication program on the LNG Canada project in Kitimat, British Columbia, Canada. This significant milestone marks
Koch Modular Launches Project Enterprise Carbon Capture System
July 21, 2023
Koch Modular has launched a unique Carbon Capture Demonstration Scale System, named Project Enterprise. Unveiled on Friday, July 14, this project represents a significant milestone in the advancement of carbon capture technology, and it is poised to achieve a remarkable
Mountain Valley Pipeline Turns to Supreme Court, Files Emergency Application
July 20, 2023
The Supreme Court may soon step into a legal brawl over whether Congress violated the Constitution when it passed a law ensuring completion of the Mountain Valley pipeline — a fight that could have important implications for the power of
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