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U.S. Drillers Cut Oil and Gas Rigs for First Time in Five Weeks
December 18, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
Tokyo Gas Unit, TG Natural Resources, to Acquire Rockcliff Energy for $2.7 Billion
December 17, 2023
Rockcliff Energy, a portfolio company of Quantum Energy Partners, entered into into a definitive agreement with TG Natural Resources (TGNR), in which TGNR will acquire 100 percent of the membership interests in Rockcliff for $ 2.7 billion. Rockcliff is a
Woodside and Santos Confirm Merger Talks to Create $52 Billion Energy Giant
December 15, 2023
Australian petroleum exploration and production company Woodside Energy confirmed that it has entered into discussions regarding a potential merger with domestic peer Santos. The potential deal, if it advances, will create a $52 billion (A$80 billion) oil and gas giant.
INEOS Acquires LyondellBasell Ethylene Oxide, Derivatives Business, Production Facility for $700M
December 15, 2023
INEOS has intered into an agreement with LyondellBasell to buy its ethylene oxide and derivatives business including the Bayport Underwood site, Texas. The deal includes the Ethylene Oxide plant, the Ethylene Glycols plant, and the Glycol Ethers plant together with
Aramco to Acquire 40% Stake in Gas & Oil Pakistan
December 15, 2023
Aramco signed definitive agreements to acquire a 40 percent equity stake in Gas & Oil Pakistan Ltd. (GO). “Our second planned retail acquisition this year aligns with Aramco’s downstream expansion strategy, with a clear path ahead for growing an integrated
Houston Natural Resources Completes Business Combination with Pogo Resources
December 14, 2023
Houston Natural Resources said its portfolio company HNR Acquisition Corp. (HNRA) has completed a business combination by purchasing all the equity interests in Pogo Resources and its subsidiary, LH Operating (LHO). HNRA is now an independent oil and natural gas
NETL Research Suggests Regional Approach for Carbon Capture and Storage in Central and Eastern U.S.
December 14, 2023
A recent NETL analysis of the Central United States, which divided the region into three impact areas to explore variables associated with transporting and storing captured CO2, found that geographic differences had significant impacts on costs and provided a framework
WVU Research Helps Power Plants Recycle Water Using Wastewater from Hydraulic Fracturing
December 14, 2023
Simulations from West Virginia University researchers demonstrate their use of two kinds of industrial wastewater to decontaminate each other has the potential to slash a power plant’s total water use. The researchers from the WVU Benjamin M. Statler College of
With Pipeline Growth Booming, the U.S. Agency in Charge of Safety Struggles to Keep Up
December 14, 2023
The pipeline industry added thousands of miles of natural gas, crude oil and carbon dioxide pipelines to the national network in recent years. But the federal regulatory agency responsible for ensuring that vast system’s safety failed to grow at the
NETL Marks Carbon Transport and Storage Milestones in 2023
December 13, 2023
NETL’s Carbon Transport and Storage Program features on-site world-class leaders, scientists, and engineers and the engineering and scientific expertise to manage external research projects that further Department of Energy (DOE) Fossil Energy and Carbon Management (FECM) goals. The program’s accomplishments
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