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Chesapeake Energy Cuts Jobs After Divestment of Its Eagle Ford Assets
May 22, 2024
Chesapeake Energy, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday. This week’s layoffs follow its divestment of its Eagle Ford assets,
Linde Expands Capacity in U.S. Gulf Coast to Meet Increased Demand, Texas
May 21, 2024
Linde said it has doubled the merchant liquid production capacity of its air separation facility in La Porte, Texas. This expansion of Linde’s production capacity will enable the company to meet growing demand for industrial gases in the U.S. Gulf
Zefiro Methane Corp.‘s Subsidiary Plants & Goodwin Opens News Facility in Buckhannon, W.Va.
May 21, 2024
Zefiro Methane Corp. said its subsidiary Plants & Goodwin has opened another facility in Appalachia. It is expected the new facility will significantly increase efficiency. Situated in the town of Buckhannon, this yard is centrally located within the state of
Chevron Prepares for North Sea Exit After More than 55 Years
May 21, 2024
Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The
Geothermal Innovator XGS Energy Completes Oversubscribed $20 Million Capital Raise
May 21, 2024
XGS Energy, an innovator in next-generation geothermal energy technology, has completed $20 million in additional series A financing. This new financing builds on the $9.7 million round led by Constellation Technology Ventures earlier this year, and the $14 million series
EPRI, Southern Company, Storworks Successfully Test Concrete Thermal Energy Storage Pilot
May 21, 2024
EPRI, in collaboration with Southern Company and Storworks, has recently completed testing of a pilot concrete thermal energy storage (CTES) system at Alabama Power’s Ernest C. Gaston Electric Generating plant (Gaston) marking the largest such pilot in the world. The
Empire Petroleum’s Williston Drilling Program Identifies New Zones
May 20, 2024
Empire Petroleum, an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, released an update on its North Dakota development drilling program. “Recent drilling and data from the North Dakota field and reservoir
Williams Confident Energy Transfer’s Latest Bid to Halt Louisiana Natgas Pipeline Project Won’t Work
May 20, 2024
Williams Cos on Tuesday said it was confident a natural gas pipeline project underway in Texas and Louisiana had not violated federal regulations, after rival Energy Transfer filed a report pushing for further regulatory review. The two companies have been
Oil, Gas Groups Sue to Block U.S. Rule Raising Drilling Fees on Public Lands
May 20, 2024
Fossil fuel groups have sued the U.S. Bureau of Land Management seeking to block a rule that will raise fees for oil and gas development on federal lands as a part of the U.S. government’s broader effort to boost returns
U.S. Drillers Add Oil and Gas Rigs for First Time in Four Weeks
May 20, 2024
U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator
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