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Enbridge Makes $3.3 Billion in New Accretive Investments
March 2, 2023
Enbridge released an update on its strategic priorities and financial outlook. Details were discussed during the company’s investor conference in Toronto. A detailed review of the investor day conference can be found HERE for download. HIGHLIGHTS • Four growing businesses
Venture Global LNG Reaches Milestone at Plaquemines LNG Export Facility, Louisiana
March 2, 2023
Venture Global LNG has completed the successful raising of the roof of the first LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes nine months
Canada Pension Plan Investments to Acquire 49% Stake in Aera Energy from IKAV
March 2, 2023
Canada Pension Plan Investment board (CPP Investments) has agreed to acquire a 49 percent stake in Aera Energy, an oil and gas producer in California, from German asset management group IKAV. The financial terms of the deal were not disclosed.
Barnett Shale Targeted as Permian Operators Move Into New Plays
March 1, 2023
About 20 years ago, the shale revolution was launched in the Fort Worth Basin where the Barnett Shale has yielded one of the nation’s largest onshore natural gas fields. As that revolution headed west toward the Permian Basin, producers tried
New Program Helps Finance Nicor’s New Natural Gas Pipeline in Kankakee County, Illinois
March 1, 2023
Hopkins Park, 65 miles from Chicago in Kankakee County, has gone decades without access to natural gas for heating their homes, but thanks to a new partnership between governments and Nicor, those pipelines will finally run to Pembroke Township. The
Canadian Oil Firm Whitecap Resources to Sell Non-strategic Assets for $306 Million
March 1, 2023
Whitecap Resources, a Canada-based oil-weighted company, revealed that it has signed three agreements to sell some of its non-strategic assets for a total consideration of C$419 million ($306.6 million). The company didn’t disclose the location of the assets involved in
CNX and ICE Thermal Harvesting Launch Pilot Program Generating Zero-Emission
March 1, 2023
CNX Resources and ICE Thermal Harvesting have partnered on a pilot project to generate 100 percent emission-free, locally-sourced power for use in CNX’s operations. Underway at CNX’s Dry Ridge compressor station in West Virginia, Phase One of the project captures
FirstEnergy to Sell Additional Stake in Transmission Business to Brookfield for $3.5 Billion
March 1, 2023
U.S.-based electric utility FirstEnergy has agreed to divest an additional 30 percent stake in its FirstEnergy Transmission business to Brookfield Super-Core Infrastructure Partners in an all-cash deal worth $3.5 billion. FirstEnergy Transmission serves as the holding company for three of
Suncor Adds a High Tech System to Improve Mine Safety
March 1, 2023
Jason Mercer has operated heavy equipment in mines for more than two decades, with the last 17 years at the Aurora mine, about 75 kilometers northeast of Fort McMurray, Alta. And the straight-talking miner sees Suncor’s new collision awareness system
ERIKS North America Appoints Michael Pastore as Chief Operating Officer
March 1, 2023
ERIKS North America has appointed Michael Pastore as its chief operating officer. “We are thrilled to have Michael join our team as COO. His track record of success driving operational excellence makes him a valuable asset to our organization. We
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