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CAPP Forecasts $40.6 Billion in Canadian Upstream Capex in 2024
February 29, 2024
The Canadian Association of Petroleum Producers (CAPP) is forecasting capital expenditures for the upstream oil and natural gas sector will reach $40.6 billion in 2024, rising slightly from an estimated actual investment of $39 billion for 2023. “Upstream oil and
Atlas Energy Solutions to Acquire Hi-Crush for $450 Million
February 28, 2024
Atlas Energy Solutions (AESI) has entered into a definitive agreement with Hi Crush to acquire all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million. The transaction consideration includes $150
Ameresco Begins Operations at Republic Services’ Brickyard Landfill Renewable Natural Gas Plant
February 28, 2024
Ameresco said it has achieved commercial operation at its landfill gas to renewable natural gas plant at Republic Services’ Brickyard Landfill in Danville, Illinois. The Brickyard facility has a gross nameplate of more than 500,000 dekatherms per year, with the
Alliance Resource Partners Names Steven Schnitzer Senior VP, General Counsel, and Secretary
February 28, 2024
Alliance Resource Partners (ARLP) has appointed Steven Schnitzer as senior vice president, general counsel, and secretary of Alliance Resource Management, the general partner of ARLP, effective March 1, 2024. Schnitzer will lead ARLP’s legal activities. “Steven Schnitzer is well-known to
APA Corporation Takes Next Steps on Closing Callon Petroleum Acquisition
February 27, 2024
APA Corporation said the applicable statutory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on Feb. 22, 2024. Assuming both APA and Callon shareholder approvals are obtained, the closing of the acquisition is expected to occur on
Chevron and Exxon in Dispute Over Hess’ Stake in Guyana Oil Block
February 27, 2024
ExxonMobil said on Monday it may preempt Chevron’s acquisition of a 30 percent stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp. The companies are in talks on Exxon’s claim it has a right
Diamondback Energy Makes Executive Leadership Appointments and Promotions
February 27, 2024
Diamondback Energy has made a series of leadership appointments and promotions, effective immediately. “The promotions and additions to Diamondback’s management team announced today highlights the depth and strength of our team. I, along with Diamondback’s board of directors, spend a
Shell Brings Deepwater Rydberg Subsea Tieback Onstream, Gulf of Mexico
February 26, 2024
Shell Offshore, a subsidiary of Shell, has started production at Rydberg, a subsea tie-back to the Shell-operated Appomattox production hub in the Gulf of Mexico with an estimated peak production of 16,000 barrels of oil equivalent per day (boe/d). “Rydberg
Enterprise Acquires Joint Venture Interests From Western Midstream for $375 Million
February 26, 2024
Enterprise Products Partners said certain of its affiliates have acquired interests in Whitethorn Pipeline Company and Enterprise EF78 LLC from affiliates of Western Midstream Partners in a series of debt-free transactions for $375 million in total cash consideration. Enterprise completed
Orica to Expand Mining Chemicals Business with $640 Acquisition of Cyanco
February 26, 2024
Orica has entered into a binding agreement to acquire 100 percent of the common stock of Cyanco from an affiliate of Cerberus Capital Management for $640 million. The acquisition of Cyanco is expected to complement Orica’s established mining chemicals business
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