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New Zealand Government to Reverse Oil and Gas Exploration Ban
June 17, 2024
Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, Resources Minister Shane Jones
Matador Resources to Acquire EnCap E&P Ameredev II for $1.9 Billion
June 14, 2024
Matador Resources has entered into a definitive agreement to acquire a subsidiary of Ameredev II including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas. The Ameredev
Wildfire Energy Continues Eagle Ford Consolidation with Latest Acquisition
June 14, 2024
WildFire Energy has acquired approximately 16,000 net acres of leasehold and 58 operated wells in the East Texas Eagle Ford from an undisclosed seller. With the acquisition, WildFire will operate more than 2,000 wells on 873,000 net acres in the
Noble to Acquire Diamond Offshore Drilling for $1.6 Billion
June 14, 2024
Noble Corporation has entered into a definitive merger agreement where Noble will acquire Diamond Offshore Drilling in a stock and cash deal worth about $1.6 billion. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus
U.S. Senate Confirms David Rosner, Lindsay See, Judy Chang to Federal Energy Regulatory Commission
June 14, 2024
On Wednesday, the Senate confirmed the nominations of Democrat David Rosner and Republican Lindsay See for three and four-year terms, respectively, as members of the Federal Energy Regulatory Commission. Senators on Thursday confirmed Democrat Judy Chang’s nomination to a five-year
Metso Reintroduces Its High Efficiency Scrubber, Efficient Off-gas Scrubbing in Gas Cleaning Plants
June 14, 2024
Metso is reintroducing the High Efficiency Scrubber for efficient scrubbing of off-gas impurities in non-ferrous and ferrous metallurgical processes and in oil, gas and chemical plants. The technology is suitable for both greenfield and brownfield installations. Thanks to its adjustable
U.S.-Saudi Petrodollar Pact Ends After 50 Years
June 13, 2024
The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its
Advantage Energy to Acquire Montney Assets for $327 Million
June 13, 2024
Advantage Energy Ltd. has entered into a definitive asset purchase agreement to acquire high-quality, synergistic Charlie Lake and Montney assets from a private seller for cash consideration of $327 Million (CAD$450 million), subject to closing adjustments. The acquisition is expected
IEA Report: Global Spending on Clean Energy Technologies, Infrastructure to Hit $2 Trillion in 2024
June 13, 2024
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is
Devon Energy Appoints John Bethancourt as Chair of Board of Directors
June 13, 2024
Devon Energy’s board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while
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