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ConocoPhillips to Acquire Marathon Oil for $22.5 Billion
May 29, 2024
ConocoPhillips and Marathon Oil have entered into a definitive agreement to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. “This acquisition of Marathon Oil
Conduit Power and Riley Permian JV to Build New Power Generation and Storage Assets
May 29, 2024
Conduit Power and Riley Exploration Permian have entered into definitive agreements to expand the scope of their joint venture, RPC Power, to build new power generation and storage assets for the sale of energy and ancillary services to ERCOT, the
Alaska Gov. Dunleavy Elected Chairman of Interstate Oil and Gas Compact Commission
May 29, 2024
Alaska Gov. Mike Dunleavy was elected the incoming chairman of the Interstate Oil and Gas Compact Commission on Wednesday. He will succeed Gov. Mark Gordon of Wyoming, taking over as chairman at the annual meeting, which will take place Oct.
House Oversight Committee Releases Report on Detrimental Green New Deal Agenda
May 29, 2024
The House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) issued a report outlining how the Biden administration’s Green New Deal energy policies have led to higher gas prices, growing uncertainty in America’s power sector, confusion in the market
Xcel Energy Names Rob Berntsen as Executive Vice President and Chief Legal and Compliance Officer
May 29, 2024
Xcel Energy has named Rob Berntsen as the company’s executive vice president and chief legal and compliance officer. Berntsen takes over the role from Amanda Rome, who held the position on an interim basis while also serving in her role
Biden Administration to Release One Million Barrels of Gasoline from a Northeast Reserve
May 29, 2024
The United States will release 1 million barrels of gasoline from a Northeast reserve into the commercial market, the Biden administration said, in an effort to keep prices low at U.S. pumps this summer. The barrels, representing some 42 million
Imperial Oil Achieves First Oil Production from Grand Rapids Project Using Lower Emission Technology
May 28, 2024
Imperial Oil said its Grand Rapids oil sands project has started production at Cold Lake, marking the first commercial deployment of the recovery technology that uses less steam to lower emissions intensity. The project, located at Imperial’s Cold Lake operating
ADNOC Secures Equity Position and LNG Offtake Agreement in NextDecade’s Rio Grande LNG Project
May 28, 2024
DNOC has acquired a 11.7 percent stake in phase 1 (trains 1-3) of NextDecade’s Rio Grande LNG (RGLNG). The Rio Grande LNG is a leading liquefied natural gas (LNG) export project located in Texas, which is expected to produce a
Aker Solutions Renames Its Consultancy Arm Entr, Plans to Increase Revenues and Headcount
May 28, 2024
Aker Solutions’ consultancy said it plans to double its revenues and headcount by 2030 as it introduces its new name, Entr. Entr’s growth is driven by an increased demand for Aker Solutions’ early phase offerings and the need to adapt
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks
May 28, 2024
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
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