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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
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
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
Norwegian Seismic Data Companies TGS and PGS to Merge in $864 Million Deal
September 22, 2023
Norway-based energy data and analytics company TGS has agreed to acquire the oilfield service company PGS in an all-share transaction valued at US$864 million (NOK$9.3 billion). Under the terms of the acquisition, PGS shareholders will receive 0.06829 ordinary shares of
FET Subsea Launches New ROV Tooling Rental Offering
September 21, 2023
Forum Energy Technologies (FET) has introduced a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector. With increasing ROV asset investment across hydrocarbon and offshore renewable energy, as well as
OPEC Releases Statement on IEA’s Op-Ed Asserting Fossil Fuel Demand Would Peak Before 2030
September 19, 2023
OPEN has released a statement regarding the International Energy Agency’s recent Op-Ed published on September 12, 2023, asserting that fossil fuel demand would peak before 2030, OPEC said that consistent and data-based forecasts do not support this assertion. It is
ConocoPhillips Inks Additional Long-term Agreement for Netherlands Regas Capacity
September 19, 2023
ConocoPhillips has made further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company’s foundational LNG
Happy Labor Day from the Team at Mining Connection
September 1, 2023
This Labor Day, we want to recognize the hardworking individuals in the mining and oil & gas industries. It’s a day to recognize the immense efforts and dedication that go into the work done each day. You are the backbone
Occidental and ADNOC to Partner for Potential Direct Air Capture Investment
August 29, 2023
Occidental and ADNOC said they will evaluate investment opportunities in direct air capture (DAC) facilities and carbon dioxide (CO2) sequestration hubs in the United States and the United Arab Emirates (UAE) as a pathway toward the development of carbon management
