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Deloitte Touche Report: Upstream Deals Could Rise in 2021
March 3, 2021
Oil and gas mergers and acquisitions, already undercut by a lack of investor interest in the sector and little industry access to cash, was further impacted in 2020 by the global COVID-19 pandemic and oil market crash. According to Deloitte,
Baker Hughes and Akastor to Merge Offshore Oil Drilling Equipment Units in New Joint Venture
March 2, 2021
Baker Hughes and Akastor have entered into an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth. The company will deliver a global full-service offshore
U.S. Drillers Add Rigs for Seventh Consecutive Month, Pace Slows
March 2, 2021
U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed even as oil prices rose to their
Texas Lawmakers Kick Off Investigation Into Deadly Power Blackout
March 1, 2021
Texas state lawmakers dug into the causes and cast blame on Thursday for deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Dual hearings in
Pickering and SailingStone Merge to Form Leading Global Natural Resources Financial Services Firm
February 26, 2021
Pickering Energy Partners (PEP), a Houston-based energy financial services firm, announced a merger with SailingStone Capital Partners, an investment firm specializing in the global natural resources sector. The new partnership expands Pickering Energy Partners’ current investment platform to include SailingStone’s
Chevron Commits $300 Million Toward Low-Carbon Technology Investments
February 26, 2021
Chevron Technology Ventures (CTV) launched its $300 million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all. With the first Future Energy Fund launched in 2018, CTV invested in
FERC Opens Review for Certification of New Interstate Natural Gas Facilities
February 25, 2021
The Federal Energy Regulatory Commission (FERC) reopened its review of the 1999 policy statement on the Certification of New Interstate Natural Gas Facilities by asking for new information and additional perspectives that would assist the commission in moving forward with
Partners Group Acquires Resilient Infrastructure Group
February 25, 2021
Partners Group has acquired Resilient Infrastructure Group, a recognized leader in water as a service and focused on acquiring, developing and managing a portfolio of wastewater, water, and related infrastructure assets in the U.S. and Canada. The acquisition will allow
Arctic Drilling Plan in Alaska Hits Roadblock
February 25, 2021
Plans for seismic surveys to help find oil in the Arctic National Wildlife Refuge have fizzled due to a lack of protection for polar bears, according to a brief statement Saturday from the Department of the Interior. The Kaktovik Inupiat
LNG Platform Company WaveCrest Energy Formed to Deliver Natural Gas to Underserved Markets
February 24, 2021
Macquarie Capital has launched WaveCrest Energy, a platform that will develop, construct, own, and operate liquefied natural gas regasification, power and downstream infrastructure assets. WaveCrest delivers end-to-end project solutions — from early-stage development through project financing, construction and commercial operation
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