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Canada Issues Draft Guidance on Oil and Gas Projects’ GHG Emissions Performance
October 11, 2022
The government of Canada has released a draft guidance, directing new oil and gas projects to maintain ‘best-in class’ greenhouse gas emissions (GHG) emissions performance. The release of guidance follows the government’s initial announcement in this matter, made in April
EnCap and Double Eagle Energy Form Double Eagle Energy Holdings with $1.7B Commitment
October 6, 2022
EnCap Investments and the team behind the Double Eagle family of companies have entered into a strategic partnership to form Double Eagle Energy Holdings IV and Tumbleweed Royalty IV. The new entities have also received minority investments from Apollo Natural
Whitecap Resources to Acquire XTO Energy’s Montney and Duvernay Canadian Assets for $1.47 Billion
October 6, 2022
ExxonMobil and Imperial Oil have signed an agreement with Whitecap Resources to sell their Montney and Duvernay shale oil and gas assets in Canada for $1.47bn in cash. The assets comprise 567,000 net acres in the Montney shale and 72,000
Crestwood to Sell Marcellus Gas Assets to Antero Midstream for $205 Million
October 6, 2022
Crestwood Equity Partners has agreed to sell its marcellus shale gas gathering and compression assets to Antero Midstream for a total of consideration $205 million in cash. The assets to be sold include 72 miles (115km) of dry gas gathering
Occidental and Western Midstream to Explore CCUS Opportunities Across Shale Position
October 5, 2022
Western Midstream Partners (WES) has executed a letter of intent (LOI) with a subsidiary of Occidental Petroleum, with the objective of pursuing opportunities to produce and deliver low-carbon intensity oil and gas products to market through the development of carbon
U.S. Oil Groups Urge Biden to Take Fuel Export Ban Off the Table
October 5, 2022
The largest U.S. oil trade groups said on Tuesday that they have “significant concerns” that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top officials to take the option off the table, according to
EOG Resources Appoints Ezra Yacob as Next Chairman of the Board After Bill Thomas’ Retirement
October 5, 2022
EOG Resources said Bill Thomas has elected to retire from the board of directors and Ezra Yacob, chief executive officer, has been appointed to the role of chairman of the board. “On behalf of EOG employees and the board, I
Enbridge’s Al Monaco to Retire, Greg Ebel Appointed President and CEO
October 5, 2022
Enbridge’s president and chief executive officer Al Monaco will retire January 1, 2023. The board of directors has appointed Greg Ebel, currently board chair, to succeed Monaco as president and chief executive officer. Ebel will also continue as a member
Ascent Resources to Acquire Utica Shale Assets in Ohio for $270 Million
October 4, 2022
Ascent Resources has entered into a purchase and sale agreement with an undisclosed seller to acquire all of its assets in the Utica Shale in Ohio for a total purchase price of $270 million. The acquisition expands Ascent’s asset base
Baker Hughes Restructures Four Product Operations, Makes Management Changes
October 4, 2022
Baker Hughes Company said it is restructuring and simplifying its organization and accelerating its strategic transformation. These changes will simplify operations, enhance profitability, and drive growth, meeting customer needs and producing solutions in the rapidly evolving energy and industrial markets.
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