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BlackRock to Invest $550 Million in Occidental’s Direct Air Capture Plant, Texas
November 29, 2023
Occidental said BlackRock will invest $550 million on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its diversified Infrastructure business, BlackRock has signed
Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Vessel
November 29, 2023
Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas
OEG Energy Group to Acquire Bluestream Offshore
November 28, 2023
OEG Energy Group Limited, a leading offshore solutions business, has signed a sale and purchase agreement (SPA) to acquire Bluestream Offshore, a specialist in subsea and topside services based in the Netherlands for an undisclosed consideration. The transaction expected to
TechnipFMC to Sell Its Measurement Solutions Business for $205 Million
November 28, 2023
TechnipFMC has entered into an agreement to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction. As part of the Surface Technologies segment, the
Ammongas Installs Biogas Upgrading Facility in New York
November 28, 2023
Ammongas, a part of European Energy, has successfully installed of a biogas upgrading facility at Allen Farms, in the state of New York. This facility is the first in a series of four, planned for development by Cayuga RNG Holdings,
NOG Expands Northern Delaware Position and Enters Ohio Utica Shale in Appalachia in $170M Deal
November 27, 2023
Northern Oil and Gas (NOG) has made two separate acquisitions, one in the Northern Delaware Basin and one in the Point Pleasant/Utica Shale zone. “These transactions demonstrate our continued ability to successfully acquire high quality assets in the core of
Komatsu to Acquire Detroit-based American Battery Solutions
November 27, 2023
Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions (ABS), a battery manufacturer headquartered in Detroit, Michigan. U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on
Gulf of Mexico Oil Spill Impacting Several Producers
November 27, 2023
U.S. officials said last week seven energy companies have been impacted by an oil discharge near Main Pass Oil Gathering Co’s (MPOG) pipeline system in the Gulf of Mexico that is estimated to have released more than a million gallons
Wishing You Peace and Harmony This Thanksgiving Season!
November 23, 2023
We are grateful this holiday for our awesome readers and advertisers who have played an integral part in our journey. Since our launch in 2009, we have been inspired by the enthusiasm from this community. We continue to fight through
Suncor Energy Completes $1.468 Billion Acquisition of TotalEnergies’ Canadian Operations
November 22, 2023
Suncor Energy has closed the transaction to acquire TotalEnergies Canada Ltd., which includes the remaining 31.23 percent working interest in the Fort Hills Project. The $1.468 billion purchase price is subject to closing adjustments typical of transactions of this nature
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