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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
Prospera Energy on Track for Expansion in 2023 Amid Growing Oil and Gas Market in Canada
October 2, 2023
Following its transformational efforts in 2022, Prospera Energy appears poised for record growth in 2023. Building on the success from 2022, when the company realized a net income of $3.1 million and experienced rapid growth when its revenue grew by
U.S. Drillers Cut Oil and Gas Rigs for First Time in Three Weeks
October 2, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating for first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count,
Nucor and Helion to Develop Historic 500 MW Fusion Power Plant, Nucor to Invest $35 Million
October 2, 2023
Nucor Corporation has entered into a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are
ONEOK Completes Acquisition of Magellan Midstream Partners
September 29, 2023
ONEOK has completed its acquisition of Magellan Midstream Partners, creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors. The transaction was approved by
Pipestone Energy Approves Arrangement with Strathcona Resources to Create New Canadian Energy Leader
September 29, 2023
Pipestone Energy said the company’s shareholders have voted to approve the arrangement with Strathcona Resources Ltd., which will see Pipestone combined with Strathcona to create one of Canada’s largest energy producers. Upon closing, Strathcona and Pipestone will be amalgamated to
QatarEnergy Signs $3.9 Billion Deal with Hyundai Heavy Industries for LNG Carriers
September 29, 2023
QatarEnergy has entered into a contract with Hyundai Heavy Industries (HHI) for the construction of 17 liquefied natural gas (LNG) carriers, in a deal valued at $3.9 billion (QAR$14.2 billion). The agreement with the South Korean shipbuilding company signifies the
Philippine DOE Endorses 86 Projects for Operating Permits
September 29, 2023
The Philippine Department of Energy (DOE) has endorsed 86 new and existing power plant projects to the Energy Regulatory Commission (ERC) as of August, moving them a step closer to obtaining a permit to operate. According to the list published
BOEM Postpones Gulf of Mexico Oil and Gas Lease Sale 261 to November
September 28, 2023
The Bureau of Ocean Energy Management (BOEM) is postponing Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 261. As a result of the United States Court of Appeals for the Fifth Circuit ruling on September 25, 2023,
LM Energy to Sell Certain Assets Related to Its Touchdown Crude Oil Gathering System, New Mexico
September 28, 2023
LM Energy Holdings has entered into definitive agreements to sell certain subsidiaries and assets related to its Touchdown Crude Oil Gathering System in Eddy and Lea counties, New Mexico. The transaction is expected to close during the fourth quarter of
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