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Baker Hughes to Supply Liquefaction Trains for Sempra’s Port Arthur LNG Phase 1 Project
May 3, 2023
Baker Hughes has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive final investment decision (FID). Through the Port Arthur
Shell Finalizes Acquisition of Volta, Scaling Up Its U.S. Public Electric Vehicle Charging Network
May 3, 2023
Shell USA, a subsidiary of Shell, has completed the acquisition of Volta Inc. in an all-cash transaction valued at approximately $169 million. With this acquisition, Shell now owns and operates one of the largest public electric vehicle (EV) charging networks
Marathon Oil Enters Agreement to Further Develop Equatorial Guinea Gas Mega Hub
May 3, 2023
Marathon Oil Corporation (MRO), through its affiliated company Marathon E.G. Holding Limited, has signed a heads of agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G., a Chevron company, to progress the next phases (phases II
Enbridge to Acquire FortisBC’s Aitken Creek Gas Storage Facility for $400 Million, Canada
May 2, 2023
Enbridge has entered into a definitive agreement with FortisBC Holdings Inc. to acquire its interest in FortisBC Midstream Inc., which holds a 93.8 percent interest in Aitken Creek Gas Storage facility and a 100 percent interest in Aitken Creek North
Venture Global Secures 20-Year LNG Sales and Purchase Agreement with JERA
May 2, 2023
Venture Global LNG has executed a long-term sales and purchase agreement (SPA) with JERA Co., Inc. for the sale of one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is
U.S. Energy Development Corp. Acquires Working Interest in Core Midland Basin Project for $225M
May 2, 2023
U.S. Energy Development Corporation has acquired a 25 percent working interest in the Mascot Project, a stacked pay asset in core Midland Basin for $225 million cash and other consideration. U.S. Energy anticipates full development of the project to comprise
bp Starts Oil Production at Argos Platform in the Gulf of Mexico
May 1, 2023
bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater U.S. Gulf of Mexico. With a gross production capacity of up
Matador Resources Closes $1.6 Billion Acquisition of Advance Energy Partners
May 1, 2023
Matador Resources’ wholly-owned subsidiary has closed on the acquisition of Advance Energy Partners Holdings from EnCap Investments, including Advance’s oil and natural gas producing properties, undeveloped acreage, and midstream assets located in Lea County, New Mexico and Ward County, Texas.
Riley Permian Closes $330 Million Acquisition of Cibolo’s New Mexico Assets
May 1, 2023
Riley Exploration Permian has completed its acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, an affiliate of Cibolo Energy Partners. Consideration for the New Mexico Acquisition was $330 million before customary purchase price adjustments.
Fluor’s Carbon Capture Technology Selected for Canadian Renewable Diesel Facility
April 26, 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
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