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U.S. Oil and Gas Rig Count Holds Steady
August 18, 2025
U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes said in its closely followed report on Friday. Baker Hughes said oil rigs rose by one to 412 this
Aramco Inks $11 Billion Midstream Deal with Global Infrastructure Partners
August 15, 2025
Aramco has signed an $11 billion lease and leaseback deal involving its Jafurah Gas Processing Facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock. Jafurah is the largest non-associated
Producers Midstream Secures Strategic Commitments for Phase Two Expansion in the Delaware Basin
August 14, 2025
Producers Midstream, a portfolio company of Tailwater Capital, executed definitive agreements with leading Permian operators to significantly expand its gathering, treating, and processing infrastructure in Lea County, New Mexico. This phase two expansion of the company’s Delaware Basin system will
NETL-Managed Project Unlocks Potential of Utah’s Paradox Basin to Reshape Energy Landscape
August 14, 2025
A research and development project managed by NETL with the University of Utah and industry partner Zephyr Energy has unlocked the potential to produce significant volumes of natural gas and oil in eastern Utah’s Paradox Basin, providing the nation with
LNG Canada Ships First Cargo Destined for Global Markets
August 13, 2025
LNG Canada has successfully loaded a first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility. The new LNG Canada export facility is located in
DOI Raises Gulf of America Revenue-Sharing Cap for Coastal States
August 13, 2025
As part of the One Big Beautiful Bill, the Department of the Interior said the annual revenue-sharing cap for Gulf of America Outer Continental Shelf energy revenues will rise from $500 million to $650 million beginning in fiscal year 2025
Philly Shipyard to Build First U.S. Made LNG Tanker in Nearly 50 Years
August 13, 2025
Hanwha Shipping, a U.S. subsidiary of Hanwha Ocean, said it has ordered a liquefied natural gas (LNG) carrier from its affiliate, Hanwha Philly Shipyard. The vessel will be constructed with advanced technology and propulsion systems, and will be the first
NextDecade Secures $3 Billion for Rio Grande LNG Train 4, Nears FID
August 12, 2025
NextDecade garnered $3 billion in equity for its Rio Grande LNG project in exchange for stakes in the facility, the company stated in a filing with the U.S. Securities and Exchange Commission. The funds will be used to pay for
Iron Oak Acquires HC Minerals’ Northern White Sands Assets in Appalachia
August 12, 2025
Iron Oak Energy Solutions has acquired the Northern White assets of HC Minerals, Inc. The enhanced production capabilities and distribution network significantly expands Iron Oak Energy’s ability to serve customers in the largest U.S. natural gas shale play. Building on
EOG Resources to Acquire Utica Shale Oil Producer Encino for $5.6 Billion
August 11, 2025
EOG Resources entered into a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy where EOG will acquire Encino Acquisition Partners for $5.6 billion. “This acquisition combines large, premier acreage positions in the Utica, creating a third
