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Kinetik Divests Stake in Gulf Coast Express Pipeline to ArcLight Affiliate for $540 Million
June 6, 2024
Kinetik has completed the sale of a 16 percent interest in the Gulf Coast Express Pipeline (GCX) in the Permian basin, Texas to an ArcLight Capital affiliate. The deal consideration involved an upfront cash payment of $510 million and an
Enterprise Launches Open Season for Expanded Diluent Service on TE Products Pipeline System
June 6, 2024
Enterprise Products Partners said its affiliate, Enterprise TE Products Pipeline Company, is conducting a binding open season for incremental volumes of diluent on the company’s existing 20-inch diameter pipeline in conjunction with an expansion of the system. The pipeline originates
Occidental and BHE Renewables Form JV to Commercialize TerraLithium Extraction Technology
June 6, 2024
Occidental and BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy, have formed a joint venture for the demonstration and deployment of TerraLithium’s direct lithium extraction (DLE) and associated technologies to extract and commercially produce high-purity lithium compounds from
Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery
June 6, 2024
Weatherford International has been awarded a two-year frame agreement extension with Equinor for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaV™ next-generation whipstock
CNX Resources Publishes Its Corporate Sustainability Report
June 6, 2024
CNX Resources has published its thirteenth annual corporate sustainability report, Radical Transparency, highlighting how the company’s distinct corporate strategy and investment approach continues to deliver material results for all stakeholder groups across the Appalachian region and beyond. “The 160-year legacy
Diamondback and Five Point JV Deep Blue Midland Basin Acquires Lagoon Operating - Midland
June 5, 2024
Deep Blue Midland Basin, a joint venture between Diamondback Energy and Five Point Energy, have acquired Lagoon Operating - Midland. This strategic acquisition further solidifies Deep Blue’s position as a key player in sustainable water management in the core of
Hess Shareholders Approve Chevron Merger
June 5, 2024
Hess Corporation said it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders, a majority of the outstanding shares of Hess common stock were voted in
Senators Tuberville and Cruz Introduce Legislation to Repeal Biden’s Natural Gas Tax
June 5, 2024
U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senator Ted Cruz (R-TX) in introducing legislation to repeal the natural gas tax included in the Biden administration’s Inflation Reduction Act. New fees or taxes on energy companies will raise costs for customers,
TotalEnergies Makes FID on Second Development Phase of Atapu and Sépia Fields, Offshore Brazil
June 5, 2024
TotalEnergies, together with the operator Petrobras and their partners in the Atapu and Sépia consortiums, have taken the final investment decision (FID) for the second development phase of Atapu and Sépia fields, located in the prolific pre-salt Santos Basin, offshore
Woodside Appoints Tony O’Neill to the Board of Directors
June 5, 2024
The Woodside board said it has appointed Anthony (Tony) O’Neill as a nonexecutive director. “We continually review our board composition to ensure that Woodside’s board is best placed to support Woodside’s global operations and strategic growth opportunities. Tony O’Neill has
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