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NEWS Click on text to read news by category: General | Product | People | Worldwide

U.S. Drillers Add Oil and Gas Rigs for First Time in Three Weeks

November 20, 2023

U.S. energy firms last week added oil and natural gas rigs for the first time in three weeks, as the oil rig count rose by the most since February, energy services firm Baker Hughes said in its closely followed report

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CapturePoint Secures Commitment of CO2 for CENLA Hub from Southwestern Energy Company

November 20, 2023

CapturePoint said a subsidiary of Southwestern Energy Company has agreed with its midstream provider, Energy Transfer, to dedicate CO2 from its Haynesville natural gas processing to sequestration deep underground in CapturePoint’s Central Louisiana Regional Carbon Storage Hub (CENLA Hub). The

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Kinder Morgan to Acquire NextEra Energy Partner’s STX Midstream for $1.8 Billion

November 17, 2023

Kinder Morgan has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin

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Comstock Resources Forms $300 Million Midstream Partnership for Haynesville Build-out

November 17, 2023

Comstock Resources has formed a partnership to fund its midstream build-out to support Western Haynesville acreage development. As part of a deal with Quantum Capital Solutions (QCS), an affiliate of Quantum Capital Group, Comstock will contribute its Pinnacle gathering and

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Cheniere and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement

November 17, 2023

Cheniere Energy’s subsidiary, Cheniere Marketing, has entered into a long-term liquefied natural gas sale and purchase agreement (SPA) with Foran Energy Group Co. Ltd. Under the SPA, Foran has agreed to purchase approximately 0.9 million tonnes per annum (mtpa) of

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ExxonMobil Completes $1.26 Billion Acquisition of FPSO Liza Unity

November 17, 2023

SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. The purchase

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Pennsylvania Court Permanently Blocks Effort to Make Power Plants Pay for Greenhouse Gas Emissions

November 17, 2023

Pennsylvania cannot enforce a regulation to make power plant owners pay for their planet-warming greenhouse gas emissions, a state court ruled Wednesday, dealing another setback to the centerpiece of former Gov. Tom Wolf’s plan to fight global warming. The Commonwealth

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EPA’s Proposed Refinery Regulation Could Shutter More Refineries, Increase Gasoline Costs

November 17, 2023

A new threat to U.S. refining may be looming. A proposed Environmental Protection Agency (EPA) rule on hydrofluoric-acid-based alkylation could spur a round of refinery closures as the cost of replacing hydrofluoric acid based alkylation with alternatives is extremely high.

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ExxonMobil Drilling First Lithium Well in Arkansas, Aims to be Leading Supplier for EVs by 2030

November 16, 2023

ExxonMobil Corporation released plans to become a leading producer of lithium. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be

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Mountain Valley Pipeline Sues Protesters for Obstructing Construction

November 16, 2023

The developer of the Mountain Valley Pipeline has sued two protesters it says blocked construction on the $7.2 billion natural gas project, seeking compensation and orders barring them from interfering in the future. Mountain Valley Pipeline sued Daniel Guidry and

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