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Biden Appears to Go Off Script to Say U.S. Needs Oil and Gas Drilling
February 14, 2023
President Biden appeared to go off script during his State of the Union address Tuesday evening, saying that the U.S. would need oil and natural gas for many years to come. “We are still going to need oil and gas
U.S. Drillers Cut the Most Gas Rigs in a Week Since 2017
February 13, 2023
U.S. energy firms cut the number of natural gas rigs by the most in a week since October 2017, while adding the most oil rigs in a week since June, energy services firm Baker Hughes said in its closely followed
OPEC Secretary General Says Expects Demand to Reach Pre-pandemic Levels this Year
February 13, 2023
OPEC Secretary General Haitham Al Ghais said on Sunday that the group expects oil demand to exceed pre-pandemic levels this year, reaching almost 102 million barrels a day. Demand is projected to further rise to 110 million barrels per day
DOE Launches $18 Million FOA for Treating Wastewater in Mining and Oil & Gas Sectors
February 13, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced more than $18 million in available funding for research and development projects that focus on the characterization, treatment, and management of produced water — or
International Petroleum Corp. to Acquire Canada-based Cor4 Oil for $62 Million
February 10, 2023
International Petroleum Corporation (IPC) has announced its plans to acquire Canada-based oil and gas company Cor4 Oil for a total consideration of about $62 million. Through its local subsidiary IPC Canada, the company has signed an agreement with Cor4. Under
Mexico Pacific and ExxonMobil Executes Long-Term LNG Sales and Purchase Agreements
February 10, 2023
Mexico Pacific has executed two long-term sales and purchase agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the sale of a combined 2 million tonnes per annum (MTPA) of liquefied natural gas. Under the SPAs, the ExxonMobil affiliate will
Matador Resources to Acquire Advance Energy Partners for $1.6 Billion
February 10, 2023
Matador Resources has entered into a definitive agreement to acquire Advance Energy Partners Holdings, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Ward County, Texas. The consideration for the Advance
Crescent Point Acquires Paramount Resources’ Kaybob Duvernay Assets for $375 Million
February 10, 2023
Crescent Point Energy has entered into a purchase and sale agreement to acquire certain Kaybob Duvernay assets from Paramount Resources Ltd. for cash consideration of $375 million. These assets are adjacent to Crescent Point’s existing land base and further enhance
Gulfport Energy Appoints John Reinhart as President and Chief Executive Officer
February 10, 2023
Gulfport Energy Corporation has named John Reinhart president and chief executive officer, and director, effective January 24, 2023. Tim Cutt, who has served as chief executive officer and chairman since 2021, will retain his position of chairman of the board
WattBridge Energy Commissions Its Mark One Gas-fired Power Station, Texas
February 9, 2023
WattBridge Energy has started commercial operations at the 288MW Mark One gas-fired power station in Brazoria County, Texas. According to the U.S.-based power producer, the Mark One station will cater to the Electric Reliability Council of Texas (ERCOT) grid system
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