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Permian Strategic Partnership Adds Targa Resources, Western Midstream to Its Members
November 16, 2023
The Permian Strategic Partnership (PSP) continues expanding its membership with the addition of two distinguished midstream companies, Targa Resources and Western Midstream, as its 26th and 27th members. This addition highlights PSP’s dedication to building a coalition of partners invested
Mach Natural Resources to Acquire Assets in Anadarko Basin for $815 Million, Oklahoma
November 15, 2023
Mach Natural Resources has signed an agreement with Paloma Partners, a company backed by EnCap Investments and its affiliated companies, to acquire certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma for
APA Group Makes FID on $289 Million Kurri Kurri Lateral Pipeline in NSW, Australia
November 15, 2023
APA Group has reached a final investment decision (FID) to build the Kurri Kurri Lateral Pipeline, connecting the Hunter Power Project to the existing Sydney to Newcastle Pipeline. APA previously executed a 30-year gas transportation and storage agreement with Snowy
TotalEnergies to Acquire Three Gas-fired Power Plants from TexGen for $635 Million, Texas
November 15, 2023
As part of its development as an integrated power player, TotalEnergies has signed an agreement with TexGen to acquire for $635 million three gas-fired power plants with a total capacity of 1.5 GW in Texas. The three plants, which are
Precision Drilling Completes $127 Million Acquisition of CWC Energy Services
November 14, 2023
Precision Drilling Corporation has completed its acquisition of CWC Energy Services. The total consideration for CWC included 947,807 precision common shares, approximately $14 million in cash, plus the assumption of CWC’s net debt of approximately $38 million, excluding transaction costs.
New Annual Oil and Gas Licensing Rounds to Boost UK Economy
November 14, 2023
The UK government presented the Offshore Petroleum Licensing Bill to Parliament with the aim of enhancing the country’s economy, ensuring energy security, and facilitating the transition to a net-zero future. Under this legislation, there will be annual rounds of oil
Wyomingites Angered Over Biden’s Land Grab
November 14, 2023
President Biden has proposed to block oil and gas drilling on 1.6 million acres in Wyoming, which has many in the state surprised, perplexed and annoyed over Biden’s “total government control.” In addition to blocking energy development on the 1.6
Federal Judge in Alaska Upholds Approval of ConocoPhillips’ Willow Oil Project
November 13, 2023
A federal judge in Alaska on Thursday upheld U.S. approvals for ConocoPhillips’ multibillion-dollar Willow oil and gas drilling project in the state’s Arctic, rejecting environmental and indigenous groups’ concerns that the project poses too large of a climate threat. U.S.
Biden’s Energy Department Slows Reviews of LNG Permits
November 13, 2023
Biden’s Department of Energy (DOE) has increased the time it takes to review a permit for exporting LNG from 7 weeks to a minimum of 11 months. The slowing of permit approval could mean that nearly-completed LNG projects are not
Glenfarne Energy Transition’s Texas LNG Selects Baker Hughes Gas Technology
November 13, 2023
Texas LNG, a four million tonnes per annum liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, and subsidiary of Glenfarne Energy Transition has selected Baker Hughes to supply gas compression technology equipment, including electric
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