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Nov.1: U.S. Oil and Gas Rig Count Unchanged Last Week
November 4, 2024
U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count,
IPAA Appoints Michael Hillebrand as Chairman, Reveals Its First Chief Roughneck Award Winner
November 4, 2024
During its 95th Annual Meeting in Boca Raton, Florida, last week, the Independent Petroleum Association of America (IPAA) announced its new chairman for a two-year term while also revealing its first Chief Roughneck Award winner in five years. The two-day
Oceaneering Acquires Global Design Innovation Ltd.
November 1, 2024
Oceaneering International has acquired Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. The company said this acquisition is a key step in Oceaneering’s strategy to advance its digital capabilities and broaden the solutions available to
Diversified Energy Closes $49 Million Acquisition of East Texas Assets
November 1, 2024
Diversified Energy has closed on its acquisition of operated natural gas properties located within eastern Texas from a regional operator. “We are excited to announce the completion of another acquisition of high-quality, bolt-on assets within our Central Region, which are
ConocoPhillips Explores Sale of Permian Shale Assets Worth Over $1 Billion
November 1, 2024
ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said
Enterprise Products Partners Completes $950 Million Acquisition of Piñon Midstream
October 30, 2024
Enterprise Products Partners has completed its acquisition of Piñon Midstream, formerly a portfolio company of Black Bay Energy Capital. Enterprise purchased Piñon Midstream for $950 million in cash consideration as part of a debt-free transaction. The acquired assets, which include
Colonial Pipeline Considering $10 Billion Sale
October 30, 2024
Colonial Pipeline, operator of the largest U.S. fuel pipeline system, is weighing options including a sale that could value the company at more than $10 billion, Bloomberg reported Tuesday. The pipeline could draw interest from financial institutions such as infrastructure
New Fortress’ Fast LNG Unit Completes Third Cargo Load
October 30, 2024
New Fortress Energy said its initial Fast LNG unit has completed its third cargo loading today. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE’s operation in Puerto Rico. “We are excited that we
Diversified Energy Inks Natural Gas Supply Contract with Gulf Coast LNG Facility
October 29, 2024
Diversified Energy Company has executed a supply agreement with a major Gulf Coast LNG facility to provide natural gas to export. Under the terms of the agreement, Diversified will provide approximately 40 Bcf of natural gas under a fixed pricing
Port of Corpus Christi Moves Record Cargoes in Third-quarter 2024
October 29, 2024
The Port of Corpus Christi and its customers moved 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, a new quarterly high mark driven by increases in crude oil and dry bulk movements. The
