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Pioneer Natural Resources Releases Its 2022 Sustainability Report
July 27, 2022
Pioneer Natural Resources has released its 2022 Sustainability Report, highlighting the company’s focus and significant progress on environmental, social, and governance (ESG) initiatives. The comprehensive report details the company’s strong leadership position on ESG metrics and targets through 2021, including
Shell USA Executes $1.9 Billion Merger Deal with Shell Midstream Partners
July 26, 2022
Shell USA, a fully-owned subsidiary of Shell, and U.S.-based midstream operator Shell Midstream Partners have signed a merger deal worth around $1.96 billion. As part of the deal, Shell USA will acquire all the limited partner interests in Shell Midstream
Denbury Expands CO2 Sequestration Portfolio With Additional Site in Louisiana’s Industrial Corridor
July 26, 2022
Denbury Inc. has signed a definitive agreement with a landowner near Donaldsonville, Louisiana, to lease approximately 18,000 acres for future CO2 sequestration. The site is located in Assumption and St. James Parishes, less than five miles from the company’s existing
Brent Premium to U.S. Crude Hits Widest in Three Years
July 26, 2022
The gap between the two leading crude oil benchmarks has widened to levels not seen since June 2019 as easing gasoline demand in the United States weighs on U.S. crude while tight supply supports the international Brent benchmark. Brent crude
Tellurian Awards Baker Hughes Contract for Zero-Emissions Electric-Powered Compressor Technology
July 25, 2022
Tellurian said Baker Hughes has been awarded a contract by Driftwood Pipeline, a subsidiary of Tellurian, to provide electric-powered Integrated Compressor Line (ICL) technology and turbomachinery equipment for lines 200 and 300, a natural gas transmission project, proposed to be
Lodestone Acquires Hibernia Resources’ Midland Basin Assets
July 22, 2022
Lodestone Energy Partners II, has acquired assets from Hibernia Resources III. The assets will be operated by BCP Resources. Lodestone Energy is a vertically integrated fund focused on opportunities in the conventional oil and gas space. These assets are considered
Devon Closes $865 Million Acquisition of RimRock Oil and Gas
July 22, 2022
Devon Energy Corp. has completed its acquisition of the leasehold interest and related assets of RimRock Oil and Gas in the Williston Basin for a total cash consideration of $865 million, less purchase price adjustments. This acquisition adds a contiguous
Putin Discusses Oil Market with Saudi Crown Prince Days After Biden’s Visit
July 22, 2022
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, the Kremlin said. The conversation took place six days after
TotalEnergies and Borealis Commission $2 Billion Ethane Cracker in Texas
July 22, 2022
Bayport Polymers (Baystar), a 50/50 joint venture (JV) between TotalEnergies and Borealis, has started commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene. This almost $2 billion project built on the
Pickering Enters Strategic Partnership for $300 Million, to Develop Permian Basin Oil and Gas
July 22, 2022
Pickering Energy Partners (PEP) has entered into a strategic partnership with a large institutional investor to acquire and develop Permian Basin oil and gas interests alongside premier operators (PEP Development). Over the next two years, PEP Development will focus on
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