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Hanwha Solutions Secures $260 Million Supply Contract for CNG High-pressure Tanks
August 31, 2021
Hanwha Solutions’ newly acquired tank manufacturer Hanwha Cimarron signed a deal with Texas-based energy company Sunbridge Energy Services to provide storage tanks for compressed natural gas (CNG). The 10-year, $260-million deal aims to deliver tube trailers containing dozens of vessels
Ida’s Fury Cuts Deep Into U.S. Oil Production and Gasoline Supplies
August 30, 2021
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells and nearly half its motor fuel production, and drove prices broadly higher. The storm crashed on Sunday into the Louisiana coast, tearing through U.S.
U.S. Oil and Gas Rig Count Rises for 13th Month in a Row
August 30, 2021
U.S. energy firms this week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row. The combined oil and gas rig count, an early indicator of future output, rose five in
Schlumberger Pushes COVID-19 Vaccine Disclosures as Customer Mandates Grow
August 30, 2021
Top oilfield services firm Schlumberger is asking U.S. employees to disclose their COVID-19 vaccine status and said more customers are mandating vaccinations as a condition for working on their job sites, the company said on Friday. Oil and gas companies
U.S. Energy Development Earns Certification for ESG Initiative
August 30, 2021
U.S. Energy Development Corporation has earned an ISO 14001:2015 certification for its environmental management system, which was deployed as part of the company’s commitment to advancing its environmental, social and corporate governance (ESG) efforts. ISO 14001:2015 is intended for an
BHP Approves $544 Miliion Investment to Develop Shenzi North Oil Project, Gulf of Mexico
August 27, 2021
Australia-based resources company BHP has approved $544 million investment to develop the Shenzi North oil project in the U.S. Gulf of Mexico. BHP is the operator of Shenzi North, which represents the first development phase of Greater Wildling. The project
Stonehenge Energy and UGI Acquire Pine Run Midstream for $205 Million
August 27, 2021
Pine Run Gathering has completed a transaction to acquire Pine Run Midstream from an affiliate of PennEnergy Resources and minority partners for $205 million. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources and
KKR to Acquire Sempra Energy’s Sempra Infrastructure Partners for $3.37 Billion
August 27, 2021
Sempra Energy has entered into a definitive agreement to sell a non-controlling, 20 percent interest in Sempra Energy’s new business platform, Sempra Infrastructure Partners, to KKR for $3.37 billion in cash. KKR is a leading global investment firm. This transaction
U.S. to Restart Federal Oil and Gas Leasing Program with Auction in October
August 26, 2021
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed. The
Andros Capital Partners Closes $150 Million Permian Basin Drilling Joint Venture
August 26, 2021
Andros Capital Partners has closed a joint venture with Midland-Petro D.C. Partners (MPDC) under which Andros affiliate Andros Permian will fund approximately $150 million to participate in a development drilling program targeting the highly productive Spraberry and Wolfcamp formations in
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