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Golar LNG to Acquire New Fortress Energy’s Stake in FLNG Hilli
February 9, 2023
Golar LNG Limited has agreed to acquire the New Fortress Energy (NFE) ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash. Golar will also take over approximately $323 million
Linde to Invest $1.8 Billion to Supply Clean Hydrogen to OCI’s World-Scale Blue Ammonia Project, TX
February 9, 2023
Linde has signed a long-term agreement to supply clean hydrogen and other industrial gases to OCI’s new world-scale blue ammonia plant in Beaumont, Texas. Linde will build, own, and operate an on-site complex which will include autothermal reforming with carbon
50 Senators, Including Joe Manchin, Challenge Biden’s ESG Rule Impacting 401k Retirement Plans
February 9, 2023
Every Republican senator and Democrat Joe Manchin are introducing legislation that they hope will terminate the Biden administration’s new environment, social and governance (ESG) rule, which they say “politicizes” the retirement savings for 152 million Americans. The Biden administration’s Department
Sanctions on Russian Crude Oil have ‘Failed Completely,’ Oil Analyst Says
February 9, 2023
Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban imports of refined petroleum products from Russia, including diesel and
INPEX Sells Its Eagle Ford Assets to Repsol Oil & Gas USA
February 8, 2023
INPEX has sold its subsidiary INPEX Eagle Ford to Repsol Oil & Gas USA, a subsidiary of Repsol, thereby divesting from all its tight oil development and production activities in the Eagle Ford play in the State of Texas in
SEC Considers Easing Climate-Disclosure Rules after Investor Pushback
February 8, 2023
The Securities and Exchange Commission is considering a softening of planned rules requiring companies to disclose the effects of extreme weather and other costs related to global warming when the regulator completes its climate-change proposals, people close to the agency
New Mexico Oil Drilling Permits Thwarted by Tribe, Greens
February 8, 2023
A federal appeals court said the government inappropriately ignored the dangers of hazardous air pollutants when issuing permits to drill oil and gas wells in northwestern New Mexico, in what environmental groups say is a “new precedent” that will help
Alaska BLM Releases Final Supplemental Analysis for Willow Master Development Plan
February 7, 2023
The Bureau of Land Management Alaska State Office released the final supplemental environmental impact statement (SEIS) for the proposed Willow Master Development Plan in the National Petroleum Reserve in Alaska (NPR-A). The document, which can be reviewed online at the
U.S. Oil & Gas Rig Count Falls by the Most in a Week Since June 2020
February 6, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs by the most since June 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count,
Freeport LNG Seeks U.S. Approval to Restart Loading at Texas Export Plant
February 6, 2023
Freeport LNG, the second biggest U.S. liquefied natural gas (LNG) exporter, sought approval from federal regulators to start loading LNG onto ships at its long-idled export plant in Texas, according to a filing made available on Thursday. The Freeport plant
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