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Wishing Everyone a Blessed Easter Weekend
April 15, 2022
Easter is filled with many lessons of loss, love, and faith. It grounds us with the blessings we have received through out our lives. Each and every year, we are reminded of the path Jesus took to save us. It
Phillips 66 Names Mark Lashier as Next CEO, Replacing Greg Garland
April 14, 2022
Phillips 66 has named its current president and chief operating officer, Mark Lashier, as president and chief executive officer effective July 1. Lashier will succeed Greg Garland, who will remain as executive chairman of the board of directors until he
Baker Hughes to Acquire Altus to Strengthen Its Oil & Gas Integrated Well Intervention Solutions
April 14, 2022
Baker Hughes said it is acquiring Altus Intervention, a leading international provider of well intervention services and down-hole oil & gas technology with 40 years of industry experience. The acquisition complements Baker Hughes’ existing portfolio of oilfield technologies and integrated
US-based Natural Gas Producer Caerus Exploring $2.5 Billion Sale
April 14, 2022
Caerus Oil and Gas, a US-based natural gas producer in the Rocky Mountain region, is reportedly exploring a sale that could value it at over $2.5 billion, inclusive of the company’s debt. In late 2021, the Denver-based firm received an
Biden’s Hydrogen Hub Plan Sparks $8 Billion Race Among U.S. States
April 13, 2022
A hydrogen economy that runs factories and power plants on the clean-burning fuel may be years down the road, but that hasn’t stopped U.S. states from jockeying for a share of the $8 billion in federal funds earmarked for so-called
Murphy Oil Draws First Oil at King’s Quay FPS in U.S. Gulf of Mexico
April 13, 2022
Murphy Oil has drawn first oil from the Khaleesi, Mormont, and Samurai project in the deepwater U.S. Gulf of Mexico through the King’s Quay floating production system (King’s Quay FPS). The field development project is made up of the Khaleesi
Banks’ Net-zero Lending Ambitions Hit Snags in Oil-rich Canada
April 13, 2022
Canada’s banks have only just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands
Saudi Arabia Leads OPEC Decision to Drop IEA Data as U.S. Ties Fray
April 13, 2022
A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain on ties between Riyadh and
Evolution Petroleum Closes Acquisition of Exaro’s Natural Gas Assets in Jonah Field, Wyoming
April 12, 2022
Evolution Petroleum has closed on its transaction to acquire non-operated natural gas assets in the Jonah Field in Sublette County, Wyoming from privately-owned Exaro Energy. The net purchase price for the transaction was $26.2 million. The acquisition includes an average
OPEC Tells EU It’s Not Possible to Replace Potential Russian Oil Supply Loss
April 12, 2022
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signaled it would not pump more.
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