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SLB and Linde Collaborate on Carbon Capture and Sequestration
November 2, 2022
SLB and Linde have entered into a strategic collaboration on carbon capture, utilization, and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in carbon dioxide (CO2) capture and sequestration,
Denbury Executes Definitive Agreement with Lake Charles Methanol for CO2 Transportation and Storage
November 2, 2022
Denbury said its subsidiary, Denbury Carbon Solutions, has executed a 20-year definitive agreement to provide CO2 transportation and storage services to Lake Charles Methanol (LCM) in association with LCM’s planned blue methanol project. LCM’s world class facility will be located
OPEC Raises Long-term Oil Demand View, Calls for Investment
November 1, 2022
OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the
Oxy Low Carbon Ventures and Natural Resource Partners Enter Into CO2 Sequestration Agreement
October 31, 2022
Occidental’s Low Carbon Ventures (OLCV) subsidiary and Natural Resource Partners have executed an agreement for the evaluation and potential development of a permanent carbon dioxide (CO2) sequestration hub located in southeast Texas. OLCV expects the development of the project will
Permian Shale Output Losing Steam for Top U.S. Oil Producers
October 31, 2022
Some of the largest U.S. oil producers on Friday signaled productivity and volume gains in the top U.S. shale oil field are slowing, citing disappointing well results and output that is no longer topping their forecasts. U.S. shale oil producer
SLB to Boost Well Construction Business with Acquisition of Gyrodata
October 28, 2022
SLB has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling
Evolution Petroleum Appoints Kelly Loyd as President and Chief Executive Officer
October 28, 2022
Evolution Petroleum’s board of directors has selected Kelly Loyd as president and chief executive officer. Loyd had been serving as interim CEO since June 2022 and has served as a member of the board of directors since 2008. Kelly Loyd
BP Acquries Archaea Energy for $4.1 Billion
October 27, 2022
Archaea Energy has agreed to be acquired by bp for a total enterprise value of approximately $4.1 billion, including approximately $800 million of net debt. “Archaea was founded with a mission to build the world’s leading RNG development company to
Teck to Divest Stake in Fort Hills Oil Sands Project to Suncor for $737 Million, Canada
October 27, 2022
Teck Resources has agreed to divest its entire stake of 21.3 percent held in the operating Fort Hills oil sands project in Canada to Suncor Energy for a price of around CAD$1 billion ($737 million) in cash. The deal involves
TC Energy, 3 Rivers Energy to Develop $29.3M Renewable Natural Gas Production Facility, Tennessee
October 26, 2022
TC Energy Corporation said it will make a $29.3 million investment in a renewable natural gas (RNG) production facility near the Jack Daniel Distillery in Lynchburg, Tennessee. Owned by Lynchburg Renewable Fuels, the facility will produce RNG with a carbon
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