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U.S. Grants California Request to Boost Gas Power to Keep Lights On
September 14, 2021
The Biden administration last week issued an emergency order allowing some California natural gas power plants to operate without pollution restrictions to shore up the state’s tight electricity supplies, the U.S. Department of Energy said. California’s grid operator, the Independent
MAN Energy Solutions and Woodside Energy Form Alliance for Innovative LNG Technology
September 13, 2021
MAN Energy Solutions and Woodside Energy have signed a cooperation agreement aimed at commercializing an innovative solution for small-to-mid scale LNG production. Known as Factory LNG, the technology combines Woodside’s intellectual property and LNG experience with MAN’s global manufacturing and
Laredo Petroleum to Acquire Sabalo Energy, Partner for $715 Million
September 13, 2021
Laredo Petroleum entered into a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, and a non-operating partner for about $715 million. The deal is subject to customary closing price adjustments, comprised
Tellurian Signs Deal to Sell LNG from Louisiana Project to Shell
September 13, 2021
Tellurian has finalized liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Shell Energy. The SPAs are on a free on board (FOB) basis at Driftwood LNG for a combination of three million tonnes per annum (mtpa) for a
Judge Deals Blow to Obama Fossil Fuel Royalty Rule, Keeps Oil and Gas Payments Rule
September 10, 2021
A federal judge yesterday struck down Obama-era regulations on royalty valuations for coal mined from public lands but kept parts of the rule related to oil and gas payments. The 2016 rule by the Interior Department’s Office of Natural Resources
Ameredev Affiliate Trophy Pipeline Launches Open Season for Permian Expansion Project
September 10, 2021
Trophy Pipeline intends to conduct an open season for its Texas Expansion project. Trophy proposes to construct an approximately three mile long pipeline from a new origin located in Winkler County, Texas to its existing FERC regulated, crude oil pipeline
SilverBow Resources Enters Agreement to Acquire Eagle Ford Assets for $33 Million
September 10, 2021
SilverBow Resources has entered into definitive agreements to acquire oil and gas assets in the Eagle Ford from an undisclosed seller. “We continue to execute on accretive opportunities and bolster our balanced oil and gas portfolio. This marks the second
Chesapeake Energy to Acquire Gas Producer Vine Energy in $2.2 Billion Deal
September 10, 2021
Chesapeake Energy has signed an agreement to acquire Texas-based natural gas producer Vine Energy in a cash-and-stock deal worth $2.2 billion. Vine is focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in
Nominate a Veteran to be Recognized in Hart Energy’s “25 Impactful Veterans in Energy”
September 10, 2021
What Hart Energy is recognizing: Demonstrated leadership and contributions to the energy industry by military veterans — through the roles they play fulfilling a company’s mission or advancing its long-term success. Nominating trail-blazers is encouraged. This awards program seeks to
ChampionX Sells Corsicana, Texas Chemical Manufacturing Plant
September 9, 2021
ChampionX Corporation has sold its Corsicana, Texas, chemical manufacturing plant to RPM International Inc., a global leader in specialty coatings, sealants, building materials, and related services. “This transaction is mutually beneficial to ChampionX, RPM International, the team at the Corsicana
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