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Equinor, Ithaca Energy Makes $3.8 Billion FID for Phase 1 of Rosebank Development, North Sea
October 4, 2023
Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing US$3.8 billion. The North Sea Transition Authority (NSTA) granted consent for the development of the
Aramco to Enter Global LNG Business by Acquiring Stake in EIG-backed MidOcean Energy for $500M
October 4, 2023
Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million. MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG Partners, a leading institutional investor in the global energy
SLB Launches Carbon Storage Screening and Ranking Solution
October 4, 2023
SLB has launched its carbon storage screening and ranking solution that increases confidence in site selection decisions based on scientific analysis of the long-term integrity and economic potential of an asset. The solution helps customers avoid suboptimal storage sites with
Texas Railroad Commissioner Accuses Administration of Weaponizing Endangered Species Act
October 4, 2023
The Texas Railroad Commissioner Wayne Christian authored a letter to the Biden Administration’s U.S. Fish and Wildlife Service (USFWS) opposing their pending rule which would designate the Dune Sagebrush Lizard (DSL) as an endanger species under the Endangered Species Act
Chesapeake Utilities to Acquire NextEra Energy’s Subsidiary Florida City Gas for $923 Million
October 3, 2023
Chesapeake Utilities Corporation has entered into a definitive agreement to acquire Florida City Gas (FCG) from NextEra Energy for $923 million in cash. Upon closing of the transaction, which is expected to occur by the end of the fourth quarter
Talos Energy Sells 49.9% Interest in Talos Mexico to Grupo Carso for $124.75 Million
October 3, 2023
Talos Energy and its Mexican subsidiary (Talos Mexico) have closed the sale of a 49.9 percent interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso, a company controlled by the family of the
Seapath and Pilot LNG to Develop Dedicated LNG Bunkering Facility in U.S. Gulf Coast
October 3, 2023
Seapath, a maritime subsidiary of Libra Group, and Pilot LNG have formed a joint venture (JV) to develop, construct, and operate the first dedicated liquefied natural gas (LNG) bunkering facility in the Galveston Bay area. With operations beginning in mid-2026,
Grid Modernization Company Infravision Raises $23 Million for Power Line Construction, Grid Capacity
October 3, 2023
Infravision, a company focused on power grid modernization with drone-enabled power line upgrades, said it has raised $23 million in series A financing. The round was led by investment firm Energy Impact Partners (EIP), with participation from leading energy and
Senators Manchin and Reschenthaler Tell a Tale of Two Energy Futures at Shale Insight Conference
October 3, 2023
Two federal lawmakers see a different reality unfolding for the energy landscape. In one vision, President Joe Biden’s policies boost energy independence. In another, all the deregulation accomplished under the Trump administration — and the economic boom it brought —
DOI Releases Proposed Final Program for Oil and Gas Lease Sales, Fewest Leases in U.S. History
October 2, 2023
Consistent with the requirements of the Inflation Reduction Act (IRA) concerning offshore conventional and renewable energy leasing, the Department of the Interior released the proposed final program and final programmatic environmental impact statement (EIS) for the 2024–2029 National Outer Continental
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