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Vitol’s VTX to Acquire Delaware Basin Resources and Associated Surface and Water Businesses
January 26, 2023
Vitol’s U.S. upstream company, VTX Energy Partners, has agreed to acquire Delaware Basin Resources (DBR) and associated surface and water businesses for an undisclosed sum. It is VTX’s first acquisition since the partnership was established by Vitol and VTX last
Permian Resources Enters into a Series of Portfolio Management Transactions
January 26, 2023
Permian Resources Corporation has entered into a series of portfolio management transactions, comprising of a bolt-on acquisition, a divestiture of non-operated production and acreage, and a divestiture of a portion of its water infrastructure assets in Reeves County, Texas. “At
India Likely to See $58 Billion Investment in Oil and Gas Production
January 26, 2023
India will likely see an investment of $58 billion in finding and producing oil and gas resources by 2023, Oil Minister Hardeep Singh Puri said on Friday, adding global energy majors Chevron, ExxonMobil, and TotalEnergies are keen to invest. India
Biden Would Veto House GOP’s Latest Strategic Petroleum Reserve Bill
January 26, 2023
Energy Secretary Jennifer Granholm said Monday that President Biden would veto a bill being pushed by House Republicans that would limit his ability to draw from the Strategic Petroleum Reserve (SPR). The bill, the Strategic Production Response Act, calls for
Congo Extends Its Relationship with U.S. and Canada with New Oil and Gas Deal
January 25, 2023
The Democratic Republic of Congo has extended its relationship with the United States and Canada by awarding both countries licenses to three natural gas blocks in Lake Kivu on its eastern border. The DRC auctioned some of its gas blocks
Oil Firms Eye $11 Billion Canada Fund to Match Biden’s Subsidies
January 25, 2023
Oil-sands companies see a chance to secure a steady stream of government aid as Prime Minister Justin Trudeau pledges to keep Canada competitive with the massive clean-energy subsidies on offer in the U.S. Firms including Suncor Energy Inc. and Cenovus
Harvest Midstream, Interior Gas Utility Execute Long-term Agreement to Deliver LNG to Fairbanks
January 25, 2023
Harvest Midstream has executed a long-term agreement with Interior Gas Utility (IGU) to construct a natural gas treating, liquification, and truck loading facility near Deadhorse, Alaska. “We are pleased to be investing in a project that utilizes North Slope gas
Ohio Oil and Gas Association Appoints Its First Female Chairman Amanda Finn
January 25, 2023
Amanda Finn, director of external affairs at Ascent Resources in Cambridge, was elected the 38th chairman of the Ohio Oil and Gas Association. She is the youngest individual to serve in this role, as well as the first female and
HighPeak Energy Explores Possible Sale of Company
January 24, 2023
HighPeak Energy, an oil-focused exploration and production company operating in the heart of the Permian basin, said on Monday it would explore strategic options including possible sale of the company. U.S. energy producers have enjoyed stellar returns in the last
Floating LNG Terminal Arrives at Brunsbüttel, Increases German Liquid Gas Import Capacity
January 24, 2023
On January 20, the floating liquefied natural gas terminal Hoegh Gannet arrived at Brunsbüttel’s Elbehafen port near Hamburg. In the near future, liquid gas from LNG carriers can be regasified and then fed into the German gas network via this
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