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Green Rock Energy Partners Acquires Pennsylvania Renewable Natural Gas Production Facility
December 12, 2022
Green Rock Energy Partners has acquired PSA South Hills Landfill Gas Venture, a renewable natural gas production facility. The purchase closed in Q4 2022. The South Hills deal adds to Green Rock’s growing portfolio in the renewable energy space and
ChampionX Named ExxonMobil’s 2022 Supplier of the Year
December 12, 2022
ChampionX Corporation said it was named ExxonMobil’s 2022 Supplier of the Year. This is the first time ExxonMobil has awarded this honor to one of its suppliers. ChampionX President and Chief Executive Officer Soma Somasundaram and members of the company’s
New Blue Hydrogen Proposal in Elk Hills Would be California’s First
December 12, 2022
A large local oil producer announced an agreement Wednesday with an Oklahoma company for construction of a natural gas-fueled hydrogen plant whose byproduct carbon dioxide would be buried permanently in western Kern County’s Elk Hills Oil Field. Long Beach-based California
DT Midstream Acquires Additional 26.25% Stake in Millennium Pipeline for $552 Million
December 9, 2022
DT Midstream has entered into an agreement to acquire an additional 26.25 percent ownership interest in Millennium Pipeline for approximately $552 million in cash. Under the terms of the agreement, DTM will acquire National Grid’s full ownership interests in Millennium
Northern Oil and Gas Acquires Midland-Petro’s Mascot Project for $330 Million, Texas
December 9, 2022
Northern Oil and Gas has entered into a definitive agreement to acquire a 36.7 percent working interest in the Mascot Project from Midland-Petro D.C. Partners (MPDC) for a purchase price of $330 million in cash, subject to typical closing adjustments.
Liberty Lift Acquires Spool Tech Assets Servicing the Bakken
December 9, 2022
Liberty Lift Solutions has acquired the assets of Spooling Technology LLC located in Dickinson, North Dakota servicing the Bakken. Spooling Technology provides downhole chemical injection solutions, specializing in capillary tubing and cable spooling. “We are excited to have Dan, Danielle,
SilverBow Acquires Oil and Gas Assets in DeWitt and Gonzales Counties for $87 Million, Texas
December 9, 2022
SilverBow Resources has entered into a definitive agreement to acquire oil and gas assets in DeWitt and Gonzales counties from an undisclosed seller for a cash purchase price of $87 million, subject to customary closing adjustments. “This transaction fits our
Enbridge and Indigenous Communities Enter $1.12 Billion Landmark Equity Partnership
December 9, 2022
Enbridge and 23 First Nation and Métis communities entered into an agreement where the communities will acquire, collectively, an 11.57 percent non-operating interest in seven Enbridge-operated pipelines in the Athabasca region of northern Alberta for $1.12 billion. A newly created
Imperial Oil and E3 Lithium Form Strategic Agreement on Lithium Pilot Project in Alberta, Canada
December 9, 2022
Imperial Oil Limited and E3 Lithium entered into a collaboration to advance a lithium-extraction pilot in Alberta, exploring the redevelopment of an historic oil field into a potential new leading source of lithium for Canada’s growing critical minerals industry. The
U.S. Fed Proposes Plan for Banks to Manage Climate-linked Financial Risk
December 8, 2022
The U.S. Federal Reserve Board on joined other key banking regulators in proposing a plan for how large banks should manage climate-related financial risks, drawing immediate dissent from one member and reservations from another. The proposed principles detailed expectations for
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