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Superior Plus to Acquire Green Energy Company Certarus for $1.05 Billion
December 27, 2022
Superior Plus, a retail distributor of propane in the U.S., has signed a definitive arrangement agreement to acquire Canada-based green energy supplier Certarus for a total of $1.05 billion. Under the terms of the acquisition, Superior will acquire all the
U.S. Funding Bill Cancels “Certain” SPR Sales Mandated by Congress
December 22, 2022
The government funding bill U.S. lawmakers are trying to pass cancels “certain” congressionally mandated sales of oil from the Strategic Petroleum Reserve, a summary showed on Tuesday. Congress mandated in previous laws a sale of about 26 million barrels of
Enerplus Closes $180 Sale of Canadian Assets to Surge Energy
December 22, 2022
Enerplus Corporation has closed on the sale of all of its remaining Canadian assets located in Alberta and Saskatchewan to Surge Energy Inc. for CDN$245 million (US$180 million). The assets include production of approximately 3,000 BOE per day (99 percent
Energy Transfer Receives FERC Approval to Put Gulf Run Pipeline in Service
December 21, 2022
Dallas-based Energy Transfer said its subsidiary, Gulf Run Transmission, has received FERC approval to place the Gulf Run pipeline in service delivering domestically produced natural gas from key U.S. producing regions to meet the rapidly growing demand along the Gulf
Apache Corporation Selects Omnira Software for Reserves Management
December 21, 2022
Omnira Software, the creator of MOSAIC, the market leader in providing solutions for reserves management and petroleum economics, said that Apache Corporation, a global leader in the exploration and production of oil and natural gas, has selected MOSAIC™ to modernize
DOE to Start Repurchasing Crude Oil for Strategic Petroleum Reserve, Contracts Awarded by Jan. 13
December 20, 2022
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves said it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil at
Arena Energy Makes Strategic Acquisition of Gulf of Mexico Shelf Properties from GOM Shelf
December 20, 2022
Arena Energy has closed on the acquisition of seven blocks and twelve platforms in the Gulf of Mexico from GOM Shelf, LLC. The acquisition includes net daily production of approximately 2,000 barrels of oil equivalent in fields with historically low
Kimbell Royalty Partners Closes $271 Million Permian Basin Acquisition
December 20, 2022
Kimbell Royalty Partners has closed on the purchase of mineral and royalty interests held by Austin-based Hatch Royalty in a cash and unit transaction valued at approximately $270.7 million. The purchase price for the acquisition was comprised of $150.4 million
Aker BP and Partners to Invest $20 Billion to Develop Offshore Norwegian Fields
December 20, 2022
Aker BP said that alongside its partners, the company has filed ten plans for development and operation (PDOs) and a plan for installation and operation (PIO), representing investments of over NOK$20 billion ($20.3 billion) to the Norwegian Ministry of Petroleum
Chevron Invests in Carbon Capture and Removal Technology Company, Svante
December 19, 2022
Chevron New Energies (CNE), a division of Chevron U.S.A., and Svante said that Chevron is the lead investor in Svante’s series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture
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