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NEWS Click on text to read news by category: General | Product | People | Worldwide

U.S. Weekly Oil & Gas Rig Count Falls By the Most Since February

May 8, 2023

U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future

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Enbridge Reaches Incentive Toll Agreement on Its Mainline Liquids System

May 8, 2023

Enbridge has reached an agreement in principle on a negotiated settlement with shippers for incentive tolls on its Mainline liquids system, which moves more than 3 million barrels a day of crude oil and liquids from Western Canada to demand

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Senators Barrasso, Capito Unveil Comprehensive Permitting, Environmental Review Reform Legislation

May 8, 2023

U.S. Senators John Barrasso (R-WY), Ranking Member of the Senate Energy and Natural Resources (ENR) Committee and Shelley Moore Capito, Ranking Member of the Environment and Public Works (EPW) Committee, introduced two pieces of legislation to substantively reform the nation’s

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Harvest Midstream to Acquire Paradigm Midstream from Ares Management

May 5, 2023

Harvest Midstream has signed a purchase and sale agreement with Ares Management funds to acquire Paradigm Midstream. “The Paradigm systems are a perfect fit for Harvest’s expanding network of first-class midstream assets,” said Harvest CEO Jason Rebrook. “Not only does

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Brookfield and EIG Consortium to Acquire Australia’s Origin Energy in $18.7 Billion Deal

May 5, 2023

A consortium comprised of Brookfield Renewable Partners, together with its institutional partners and global institutional investors GIC, Temasek, and MidOcean Energy have entered into a scheme implementation deed with Origin Energy Limited to acquire 100 percent of the company’s shares.

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BLM Approves Construction of 3GW TransWest Express Transmission Project

May 4, 2023

The Bureau of Land Management, U.S. Department of the Interior, has issued its notice to proceed (NTP) for the TransWest Express Transmission Project — providing TransWest Express with the final federal authorization needed to start construction on this critical energy

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Linde, Exxon Mobil Sign CO2 Offtake Agreement

May 4, 2023

Linde has signed a long-term agreement with ExxonMobil for the off-take of carbon dioxide associated with Linde’s new clean hydrogen production in Beaumont, Texas. Linde previously said it will build, own, and operate an on-site complex to supply clean hydrogen

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Ovintiv to Acquire Core Midland Basin Assets for $4.2 Billion

May 4, 2023

Ovintiv Inc. has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy, and Piedra Resources (NMB sellers), which are portfolio companies of funds managed by EnCap

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Battalion Oil Appoints Matt Steele as Chief Executive Officer

May 4, 2023

Battalion Oil Corporation said Richard Little who plans to pursue other opportunities has resigned. The company has appointed Matt Steele as chief executive officer effective immediately. “Matt brings to Battalion extensive E&P experience including capital allocation, operations and internal value

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EQT and Context Labs Enter Low-carbon Strategic Partnership

May 4, 2023

EQT Corporation and Context Labs have established a strategic partnership to advance the commercialization of verified low carbon intensity natural gas products and carbon credits. The partnership brings together EQT, the largest natural gas producer in the U.S., and Context

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