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Crestwood to Sell Marcellus Gas Assets to Antero Midstream for $205 Million
October 6, 2022
Crestwood Equity Partners has agreed to sell its marcellus shale gas gathering and compression assets to Antero Midstream for a total of consideration $205 million in cash. The assets to be sold include 72 miles (115km) of dry gas gathering
Occidental and Western Midstream to Explore CCUS Opportunities Across Shale Position
October 5, 2022
Western Midstream Partners (WES) has executed a letter of intent (LOI) with a subsidiary of Occidental Petroleum, with the objective of pursuing opportunities to produce and deliver low-carbon intensity oil and gas products to market through the development of carbon
U.S. Oil Groups Urge Biden to Take Fuel Export Ban Off the Table
October 5, 2022
The largest U.S. oil trade groups said on Tuesday that they have “significant concerns” that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top officials to take the option off the table, according to
EOG Resources Appoints Ezra Yacob as Next Chairman of the Board After Bill Thomas’ Retirement
October 5, 2022
EOG Resources said Bill Thomas has elected to retire from the board of directors and Ezra Yacob, chief executive officer, has been appointed to the role of chairman of the board. “On behalf of EOG employees and the board, I
Enbridge’s Al Monaco to Retire, Greg Ebel Appointed President and CEO
October 5, 2022
Enbridge’s president and chief executive officer Al Monaco will retire January 1, 2023. The board of directors has appointed Greg Ebel, currently board chair, to succeed Monaco as president and chief executive officer. Ebel will also continue as a member
Ascent Resources to Acquire Utica Shale Assets in Ohio for $270 Million
October 4, 2022
Ascent Resources has entered into a purchase and sale agreement with an undisclosed seller to acquire all of its assets in the Utica Shale in Ohio for a total purchase price of $270 million. The acquisition expands Ascent’s asset base
Baker Hughes Restructures Four Product Operations, Makes Management Changes
October 4, 2022
Baker Hughes Company said it is restructuring and simplifying its organization and accelerating its strategic transformation. These changes will simplify operations, enhance profitability, and drive growth, meeting customer needs and producing solutions in the rapidly evolving energy and industrial markets.
Targa Resources to Acquire Lucid Energy for $3.55 Billion
October 4, 2022
Targa Resources and Lucid Energy Group have entered into a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Lucid Energy Delaware from Riverstone Holdings and Goldman Sachs Asset Management for $3.55 billion in cash. Lucid provides natural
Frontline and Euronav Sign Merger Deal to Create $4 Billion Oil Tanker Operator
October 4, 2022
Frontline and Euronav have agreed to merge in an all-stock deal with an aim to establish a major global independent oil tanker operator with a fleet of 146 vehicles and an expected market capitalization of over $4 billion. Both the
Schlumberger, Aker Solutions, and Subsea 7 Form JV in $700 Million Deal
October 3, 2022
Aker Solutions, Schlumberger, and Subsea 7 have entered into agreements to form a joint venture to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil, and lower development costs while simultaneously
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