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Noble to Sell Five Jackup Rigs to Shelf Drilling for $375 Million
September 15, 2022
Noble Corporation has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary of Shelf Drilling, Ltd. whose obligations under the asset purchase agreement will be guaranteed by Shelf Drilling. The
New Fortress Energy and Apollo Create New $2 Billion LNG Maritime JV Energos Infrastructure
September 15, 2022
New Fortress Energy (NFE) and Apollo have completed the joint venture, establishing a platform which now owns and operates 11 liquefied natural gas infrastructure vessels consisting of floating storage and regasification assets, floating storage vessels, and LNG carriers. The platform
Occidental to Begin Construction of Direct Air Capture Plant in Texas Permian Basin
September 15, 2022
Occidental and its subsidiary 1PointFive plan to begin detailed engineering and early site construction for their first large-scale Direct Air Capture (DAC) plant in Ector County, Texas. The plant is near Oxy’s portfolio of acreage and infrastructure that are conducive
Hess Accelerates Plan for Fourth North Dakota Shale Rig
September 15, 2022
Oil and gas producer Hess Corp expects to add a fourth rig in Bakken shale of North Dakota next month, Chief Executive John Hess said on Thursday, a sign that operators are inching towards greater output increases amid sky-high oil
Stakeholder Midstream Receives Landmark EPA Approval for Carbon Capture and Sequestration Operations
September 14, 2022
Stakeholder Midstream has received approval from the U.S. Environmental Protection Agency for its monitoring, reporting, and verification (MRV) plan for the permanent sequestration of carbon dioxide at its Pozo Acido injection well located in the Permian Basin near the Texas-New
Shawcor to Rebrand, Explores Strategic Alternatives for Several Oilfield Businesses
September 14, 2022
Shawcor Ltd. said it will change its name to Mattr. The name change is expected to occur during the first half of 2023, conditional on regulatory and shareholder approvals. Concurrently, the company has commenced a review of strategic alternatives for
U.S. Emergency Oil Reserves Tumble to Lowest Since 1984
September 14, 2022
U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday. The release from the Strategic Petroleum Reserve (SPR) in
Williams Acquires NorTex Midstream for $423 Million from Tailwater
September 13, 2022
Williams has revealed the acquisition of NorTex Midstream, a natural gas storage and pipeline operator in north Texas, for $423 million from an affiliate of Tailwater Capital. The deal gives Williams natural gas storage capacity of 36 billion cubic feet
Tamarack to Acquire Clearwater Oil Producer Deltastream Energy for $1.1 Billion
September 13, 2022
Canadian oil and gas firm Tamarack Valley Energy has agreed to acquire Deltastream Energy, a privately-owned oil producer in the Clearwater play in Canada for C$1.42 billion ($1.1 billion). The consideration is made up of C$825 billion ($635.4 billion) in
FERC Staff Delivers Final EIS for Commonwealth LNG Project, Louisiana
September 13, 2022
Commonwealth LNG has been issued a final environmental impact statement (EIS) from the staff of the U.S. Federal Energy Regulatory Commission (FERC) for its proposed Commonwealth LNG project in Louisiana. The FERC will now consider its staff’s recommendations when taking
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