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Kinder Morgan to Acquire NextEra Energy Partner’s STX Midstream for $1.8 Billion
November 17, 2023
Kinder Morgan has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin
Comstock Resources Forms $300 Million Midstream Partnership for Haynesville Build-out
November 17, 2023
Comstock Resources has formed a partnership to fund its midstream build-out to support Western Haynesville acreage development. As part of a deal with Quantum Capital Solutions (QCS), an affiliate of Quantum Capital Group, Comstock will contribute its Pinnacle gathering and
Cheniere and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement
November 17, 2023
Cheniere Energy’s subsidiary, Cheniere Marketing, has entered into a long-term liquefied natural gas sale and purchase agreement (SPA) with Foran Energy Group Co. Ltd. Under the SPA, Foran has agreed to purchase approximately 0.9 million tonnes per annum (mtpa) of
ExxonMobil Completes $1.26 Billion Acquisition of FPSO Liza Unity
November 17, 2023
SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. The purchase
Pennsylvania Court Permanently Blocks Effort to Make Power Plants Pay for Greenhouse Gas Emissions
November 17, 2023
Pennsylvania cannot enforce a regulation to make power plant owners pay for their planet-warming greenhouse gas emissions, a state court ruled Wednesday, dealing another setback to the centerpiece of former Gov. Tom Wolf’s plan to fight global warming. The Commonwealth
EPA’s Proposed Refinery Regulation Could Shutter More Refineries, Increase Gasoline Costs
November 17, 2023
A new threat to U.S. refining may be looming. A proposed Environmental Protection Agency (EPA) rule on hydrofluoric-acid-based alkylation could spur a round of refinery closures as the cost of replacing hydrofluoric acid based alkylation with alternatives is extremely high.
ExxonMobil Drilling First Lithium Well in Arkansas, Aims to be Leading Supplier for EVs by 2030
November 16, 2023
ExxonMobil Corporation released plans to become a leading producer of lithium. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be
Mountain Valley Pipeline Sues Protesters for Obstructing Construction
November 16, 2023
The developer of the Mountain Valley Pipeline has sued two protesters it says blocked construction on the $7.2 billion natural gas project, seeking compensation and orders barring them from interfering in the future. Mountain Valley Pipeline sued Daniel Guidry and
Permian Strategic Partnership Adds Targa Resources, Western Midstream to Its Members
November 16, 2023
The Permian Strategic Partnership (PSP) continues expanding its membership with the addition of two distinguished midstream companies, Targa Resources and Western Midstream, as its 26th and 27th members. This addition highlights PSP’s dedication to building a coalition of partners invested
Mach Natural Resources to Acquire Assets in Anadarko Basin for $815 Million, Oklahoma
November 15, 2023
Mach Natural Resources has signed an agreement with Paloma Partners, a company backed by EnCap Investments and its affiliated companies, to acquire certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma for
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