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Deputy Energy Secretary David Turk Defends LNG Pause, Offers Little Transparency or Timeline
July 2, 2024
Department of Energy Deputy Secretary David Turk defended his administration’s LNG pause while repeatedly dancing his way around questions on when it would end at last week’s House Science, Space, and Technology hearing on the DOE Fiscal Year 2025 budget
FERC Approves Venture Global’s Calcasieu Pass 2 LNG Project, Louisiana
July 1, 2024
What would be the nation’s largest export terminal for liquefied natural gas won approval from a federal commission Thursday, although when the Louisiana project will be completed remains unclear in light of a Biden administration delay announced this year on
DOI Final Decision Denies Ambler Road Access, No New Oil & Gas in Arctic Ocean, Alaska
July 1, 2024
The Department of the Interior advanced two actions they say maintain protections on Bureau of Land Management (BLM)-managed public lands in Alaska that are home to key fish and wildlife habitat, sensitive rivers and streams, and other resources that are
Hilcorp to Acquire Eni’s Nikaitchuq and Oooguruk Assets, Alaska
July 1, 2024
Eni has signed a binding agreement with Hilcorp, one of the largest U.S. private company with extensive experience operating in Alaska, for the sale of 100 percent of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska. The company
Shell Canada Makes FID on Polaris Carbon and Atlas Capture and Storage Projects, Canada
July 1, 2024
Shell Canada Products has made the final investment decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tonnes of CO₂ annually from the
BP to Acquire Bunge’s Stake in Brazilian Biofuels JV for $1.4 Billion
July 1, 2024
bp has agreed to acquire Bunge’s 50 percent holding interest in its bp Bunge Bioenergia joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp will become sole owner of the industrial scale sugarcane and ethanol business, enabling bp
Northern Oil and Gas to Acquire 20% Stake in XCL Resources’ Unita Basin Assets for $510 Million
June 28, 2024
Northern Oil and Gas (NOG) has entered into a definitive agreement to acquire a 20 percent undivided stake in the XCL assets in partnership with SM Energy Company’s acquisition for a purchase price of $510 million. The acquired assets are
TotalEnergies Acquires Offshore Exploration License, Sao Tome and Principe
June 27, 2024
TotalEnergies has signed an agreement to acquire a 60 percent interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest will be held by
SM Energy to Acquire XCL Resources’ Unita Basin Assets for $2.55 Billion
June 27, 2024
SM Energy Company has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources for an unadjusted purchase price of $2.55 billion. XCL is a private company backed by
IER: 225 Ways the Biden Administration and Democrats Have Made it Harder to Produce Oil & Gas
June 27, 2024
President Biden and Democrats have a plan for American energy: make it harder to produce and more expensive to purchase. Since Mr. Biden took office, his administration and its allies have taken more than 225 actions deliberately designed to make
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