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Woodside and Santos Confirm Merger Talks to Create $52 Billion Energy Giant
December 15, 2023
Australian petroleum exploration and production company Woodside Energy confirmed that it has entered into discussions regarding a potential merger with domestic peer Santos. The potential deal, if it advances, will create a $52 billion (A$80 billion) oil and gas giant.
INEOS Acquires LyondellBasell Ethylene Oxide, Derivatives Business, Production Facility for $700M
December 15, 2023
INEOS has intered into an agreement with LyondellBasell to buy its ethylene oxide and derivatives business including the Bayport Underwood site, Texas. The deal includes the Ethylene Oxide plant, the Ethylene Glycols plant, and the Glycol Ethers plant together with
Aramco to Acquire 40% Stake in Gas & Oil Pakistan
December 15, 2023
Aramco signed definitive agreements to acquire a 40 percent equity stake in Gas & Oil Pakistan Ltd. (GO). “Our second planned retail acquisition this year aligns with Aramco’s downstream expansion strategy, with a clear path ahead for growing an integrated
Houston Natural Resources Completes Business Combination with Pogo Resources
December 14, 2023
Houston Natural Resources said its portfolio company HNR Acquisition Corp. (HNRA) has completed a business combination by purchasing all the equity interests in Pogo Resources and its subsidiary, LH Operating (LHO). HNRA is now an independent oil and natural gas
NETL Research Suggests Regional Approach for Carbon Capture and Storage in Central and Eastern U.S.
December 14, 2023
A recent NETL analysis of the Central United States, which divided the region into three impact areas to explore variables associated with transporting and storing captured CO2, found that geographic differences had significant impacts on costs and provided a framework
WVU Research Helps Power Plants Recycle Water Using Wastewater from Hydraulic Fracturing
December 14, 2023
Simulations from West Virginia University researchers demonstrate their use of two kinds of industrial wastewater to decontaminate each other has the potential to slash a power plant’s total water use. The researchers from the WVU Benjamin M. Statler College of
With Pipeline Growth Booming, the U.S. Agency in Charge of Safety Struggles to Keep Up
December 14, 2023
The pipeline industry added thousands of miles of natural gas, crude oil and carbon dioxide pipelines to the national network in recent years. But the federal regulatory agency responsible for ensuring that vast system’s safety failed to grow at the
NETL Marks Carbon Transport and Storage Milestones in 2023
December 13, 2023
NETL’s Carbon Transport and Storage Program features on-site world-class leaders, scientists, and engineers and the engineering and scientific expertise to manage external research projects that further Department of Energy (DOE) Fossil Energy and Carbon Management (FECM) goals. The program’s accomplishments
Endeavor Energy Explores Sale for as Much as $30 Billion
December 13, 2023
Endeavor Energy Resources is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter. The
Occidental to Acquire CrownRock for $12 Billion
December 12, 2023
Occidental has entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock, a joint venture of CrownQuest Operating and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12 billion, including the assumption
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