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Oil Up Over $2 on Tighter Supply While OPEC+ Talks Limit Gains
December 1, 2022
Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a
EIA: U.S. Oil Output Climbs to Highest Since March 2020
December 1, 2022
U.S. oil output climbed 2.4 percent to 12.27 million barrels per day (bpd) in September, government figures showed on Wednesday, the highest since the start of the COVID-19 pandemic. Among top oil producing states, monthly output in Texas rose 1.8
BOEM Publishes Final Notice of Sale for December Cook Inlet Lease Sale
November 30, 2022
In compliance with the Inflation Reduction Act of 2022 (IRA), the Bureau of Ocean Energy Management (BOEM) today announced it will offer approximately 958,202 acres off Alaska’s southcentral coast in a lease sale scheduled for Dec. 30, 2022. The IRA
Shell to Acquire Danish RNG Producer Nature Energy Biogas for $2 Billion
November 30, 2022
Nature Energy Biogas has entered into a definitive agreement under which Shell Petroleum NV, a wholly owned subsidiary of Shell will acquire 100 percent of the company for a total enterprise value of nearly $2 billion. Nature Energy owns and
Coterra Energy to Pay $16.29 Million in Pennsylvania Water Contamination Plea
November 30, 2022
U.S. shale producer Coterra Energy pleaded no contest for contaminating well water in Dimock, Pennsylvania, and will pay $16.29 million to construct a new means of water supply to its residents, the state attorney general said on Tuesday. The Houston-based
U.S. Watchdog Seeks Cybersecurity Strategy for Offshore Energy Infrastructure
November 29, 2022
A U.S. watchdog in a report made public on Thursday asked the federal regulator of offshore oil and gas infrastructure to come up with a cybersecurity strategy for the more than 1,600 facilities under its oversight. The Government Accountability Office
Northern Oil and Gas to Acquire Alpha Energy Partners’ Delaware Basin Assets for $157.5 Million
November 29, 2022
NOG has entered into a definitive agreement to acquire certain non-operated interests in the Delaware Basin from Alpha Energy Partners for an initial purchase price of $157.5 million in cash, subject to typical closing adjustments. NOG expects to fund the
Enbridge Greenlights CA$3.6 Billion of T-South Pipeline Segment of B.C. Pipeline System
November 29, 2022
Enbridge has completed an open season for increased transportation capacity on the T-South segment of its B.C. Pipeline, a natural gas pipeline system, which originates near Chetwynd, British Columbia (B.C.) and extends south to the Canada-U.S. border at Huntingdon-Sumas. The
Enbridge and Plains to Acquire Remaining Stake in Cactus II Pipeline for $265 Million
November 29, 2022
Canadian pipeline company Enbridge and U.S.-based Plains All American Pipeline (PAA) have acquired their remaining stake in Cactus II Pipeline for $265 million. Enbridge has purchased a 10 percent stake and Plains a 5 percent stake in Cactus II from
Chevron and JERA Advance Lower Carbon Solutions in Asia Pacific and the U.S.
November 29, 2022
Chevron Corporation, through its Chevron New Energies business, and JERA are collaborating on multiple lower carbon opportunities — including production; carbon capture, utilization, and storage; and new technology commercialization — focused on the U.S. and Asia Pacific region. The companies
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