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TotalEnergies Expands its Presence in Suriname with New Offshore Exploration License

December 19, 2023

TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname. Block 64 was awarded to TotalEnergies and its partners in the bid round

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Tokyo Gas Unit, TG Natural Resources, to Acquire Rockcliff Energy for $2.7 Billion

December 18, 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

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CNX Releases Update on Hydrogen Project Location and 45V Hydrogen Production Tax Credit Rules

December 18, 2023

Citing delays and increasing uncertainty over implementation rules guiding the use of the 45V hydrogen production tax credit provisions of the Inflation Reduction Act (IRA) and an inability to reach final commercial terms with project developers, CNX Resources Corporation said

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Warren Buffett’s Berkshire Hathaway Snaps Up Nearly $600 Million of Occidental Stock

December 18, 2023

Warren Buffett’s Berkshire Hathaway poured nearly $600 million into Occidental Petroleum during the first three days of last week. The stock purchases signal the famed investor approves of the energy company’s pending acquisition, and suggest he sees fresh value in

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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

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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

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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.

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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

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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

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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

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