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Chevron Builds on CCS Portfolio with Greenhouse Gas Assessment Permit, Offshore Australia
August 30, 2024
Chevron Corporation, through its subsidiary Chevron Australia New Ventures, has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia. The permit award provides further opportunity for Chevron to deliver on its strategy of safely delivering lower carbon energy
Hunting Secures Contracts for OOR Services to North Sea Operators
August 30, 2024
Hunting has secured significant organic oil recovery (OOR) contracts to support major North Sea operators. The contracts are worth up to $60 million over a five-year period. The OOR process is a proven enhanced oil recovery (EOR) technology which optimizes
Superior Energy Services Appoints Dave Lesar as Chairman and CEO, James Brown as President and COO
August 30, 2024
Superior Energy Services has appointed Dave Lesar as chairman of the board of directors and chief executive officer. Brian Moore, president and CEO, stepped down from his positions on August 19. “This is an exciting time to be returning to
ONEOK to Acquire Medallion Midstream and Controlling Stake in EnLink Midstream for $5.9 Billion
August 29, 2024
ONEOK has executed a definitive agreement with Global Infrastructure Partners (GIP) where ONEOK will acquire GIP’s entire interest in EnLink Midstream. The agreement consists of 43 percent of EnLink’s outstanding common units for $14.90 per unit and 100 percent of
Biden Admin Locks in Major Restrictions on Oil, Gas, and Mining in Alaska
August 29, 2024
The Biden administration finalized major restrictions on 28 million acres of Alaskan land on Tuesday. The Department of the Interior (DOI) announced that it is retaining protections from mining and drilling on the 28 million acres, reversing the Trump administration’s
Geospace Technologies Sells Seismic Data Nodes to SAExploration
August 29, 2024
Geospace Technologies Corporation has sold its OBX-750E seabed ocean bottom wireless seismic data acquisition nodes to SAExploration. Based on current contract terms, the value of the agreement is estimated at $10.5 million. SAExploration exercised an option in the company’s rental
Shell and Akselos Sign Enterprise Agreement for Structural Performance Management
August 29, 2024
Akselos has entered into a strategic enterprise agreement with Shell Information Technology International. The new agreement between Akselos and Shell will extend successful projects with Shell Pearl GTL in Qatar, Shell Scotford in Canada, the Bonga FPSO, and various deployments
ExxonMobil Plans to Sell Certain Permian Basin Assets for $1 Billion
August 28, 2024
American energy company ExxonMobil is reportedly planning to sell certain upstream assets in the Permian Basin in the US in a move to focus on higher-growth assets. The sale could fetch $1 billion, reported Bloomberg Law. This move is part
Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage for $169M
August 28, 2024
Texas Pacific Land Corporation (TPL) has closed on two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for $169 million in cash. “Acquiring high-quality mineral interests in the northern Delaware Basin and strategic
South Dakota Supreme Court Sends Summit Carbon Solutions’ CO₂ Pipeline Ruling Back to Lower Courts
August 28, 2024
The company trying to build a carbon-capture pipeline through South Dakota has not yet proven it should be allowed to take private land for public use, according to a state Supreme Court ruling issued Thursday. Landowners who oppose the project
