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Fluor’s Carbon Capture Technology Selected by FCL’s Renewable Diesel Facility, Canada
May 11, 2023
Fluor Corporation has signed a license agreement with Federated Co-Operatives Limited (FCL) for the application of Fluor’s Econamine FG Plus carbon capture technology at FCL’s Co-op Renewable Diesel Complex in Regina, Saskatchewan, Canada. Fluor also booked a first quarter award
Oil and Gas Companies Curtail Production as Fires Continue to Blaze in Alberta, Canada
May 10, 2023
Some oil and gas producers in Alberta are temporarily shutting in production as wildfires rage across the energy-producing province. With more than 100 active fires burning across Alberta and a provincial state of emergency in place, oil and gas companies
Callon Petroleum to Acquire Core Delaware Basin Assets and Exit Eagle Ford in $1.1 Billion Deals
May 10, 2023
Callon Petroleum Company has signed two definitive agreements that streamline and focus Callon’s operations, accelerate the achievement of its debt reduction target, and allow for the initiation of a shareholder return program in the third quarter of 2023. Callon has
Crescent Energy to Acquire Mesquite Energy’s Western Eagle Ford Assets for $600 Million
May 10, 2023
Crescent Energy has entered into a definitive purchase agreement to acquire operatorship and incremental working interest in its existing Western Eagle Ford assets from Mesquite Energy, for total consideration of $600 million in cash, subject to customary purchase price adjustments.
Carbon TerraVault Enters Into Two CO2 Management Agreements, Submits Class VI Permit to EPA
May 10, 2023
California Resources’ subsidiary Carbon TerraVault (CTV) has entered into a storage-only carbon dioxide management agreement (CDMA) with Yosemite Clean Energy, and a second storage-only CDMA with InEnTec Inc. “2023 began on a good note for Carbon TerraVault as we continued
Liberty Launches Liberty Power Innovations, Fuel and Power Solutions for Remote Applications
May 9, 2023
Liberty has launched Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) supply, field gas processing and treating, and well site fueling and logistics. The
Senator Joe Manchin Moves Ball Forward on Permitting Reform
May 9, 2023
U.S. Senator Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee, introduced the Building American Energy Security Act of 2023. The text of the National Defense Authorization Act (NDAA) amendment that was supported by 47 Senators (40
HF Sinclair Submits Non-binding Proposal to Acquire Holly Energy
May 9, 2023
HF Sinclair Corporation has submitted a non-binding proposal to acquire all of the outstanding common units of Holly Energy Partners (HEP) not beneficially owned by HF Sinclair or its affiliates in exchange for common stock, par value $0.01 per share,
U.S. Crude Oil Production Approaches Pre-pandemic Levels
May 9, 2023
For the first two months of 2023, production of crude oil in the U.S. neared pre-COVID levels, according to the U.S. Energy Information Administration. The production of crude oil in the U.S. in January and February was the most since
Senate Votes to Reject Biden Administration’s Suspension of Tariffs on Chinese Solar Panel Products
May 9, 2023
The U.S. Senate voted 56-41 on Wednesday to overturn the Biden administration’s suspension of tariffs on Chinese solar product parts that go through other countries, with nine Democrats including Ohio’s Sherrod Brown joining with Republicans to pass the measure. “This
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