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Dril-Quip Acquires Great North Wellhead and Its Subsidiaries for $80 Million
August 7, 2023
Dril-Quip, Inc. has acquired Great North Wellhead and its subsidiaries for approximately $80 million in an all-cash transaction, subject to customary purchase price adjustments. Great North is a leading provider of mission-critical wellhead products and well-completion solutions. Dril-Quip is purchasing
Chevron Completes Acquisition of PDC Energy
August 7, 2023
Chevron Corporation said its acquisition of PDC Energy, Inc. has been completed following approval by PDC Energy shareholders. “We’re pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron’s president for Americas Exploration & Production. “Our companies have similar
Sen. Shelley Moore Capito: Reminding the EPA Who is in Charge
August 7, 2023
U.S. Environmental Protection Agency bureaucrats simply can’t help themselves, it seems. Once again this spring, they proposed power plant regulations that would force the closure of some coal and gas-fired power plants, despite the U.S. Supreme Court having already told
CCUS Plays Critical Role in Responsibly Meeting the World’s Energy Needs
August 7, 2023
Foley & Lardner LLP served as the summit sponsor at Infocast’s CCS/Decarbonization Project Development, Finance and Investment Summit which was held in Houston on July 25 and 26. Eric Blumrosen had the pleasure of serving as the summit’s co-chair. He
KNOT Offshore Partners Appoints Derek Lowe as CEO and CFO
August 7, 2023
Following the decision of Gary Chapman to step down as the KNOT Offshore Partners’ CEO/CFO, the partnership has appointed Derek Lowe as the new chief executive officer and chief financial officer. This transition is expected to occur the week of
Strathcona Resources to Acquire Rival Canadian Oil Producer Pipestone Energy
August 4, 2023
Private-equity owned Strathcona Resources has agreed to acquire Pipestone Energy in an all-stock deal to create the fifth-largest liquids producer in Canada with an initial market capitalization of around $6.5 billion (C$8.6 billion) After including around $2.2 billion (C$2.9 billion)
United Energy Corp. Enters JV with Bridge Energy to Expand LNG Processing
August 4, 2023
United Energy Corporation (UNRG) has entered into a joint venture partnership with Bridge Energy of Houston, Texas. The strategic partnership aims to leverage the expertise and resources of both companies to expand UNRG’s processing capabilities of liquified natural gas (LNG),
Oil Driller Pioneer Experimenting to Mine Lithium from Fracking Wastewater
August 4, 2023
Pioneer Natural Resources, one of the largest U.S. shale drillers, is experimenting with mining lithium from wastewater produced in the fracking process. Chief executive officer Scott Sheffield told Bloomberg Television that the company started doing tests about three years ago
Air Products to Supply LNG Liquefaction Technology and Equipment for Rio Grande LNG Project
August 3, 2023
Air Products has signed agreements with Bechtel Energy to supply its proprietary LNG process technology and equipment to NextDecade’s Rio Grande LNG Phase 1 Project in the Port of Brownsville, Texas. The project will include three natural gas liquefaction trains
UK Prime Minister Sunak to Grant Hundreds of New Oil and Gas Licenses in North Sea
August 2, 2023
British Prime Minister Rishi Sunak has confirmed that hundreds of new oil and gas licenses will be granted in the UK North Sea with an intent to boost the country’s energy independence and grow its economy. The UK government, in
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