Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Crescent Point to Sell Its North Dakota Assets for $6.75 Million

August 25, 2023

Crescent Point Energy has entered into an agreement with a private operator to sell its North Dakota assets for $500 million (approximately $675 million) in cash. “Over the last few years, we have taken several strategic steps to optimize our

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DT Midstream to Build New Utica Shale Infrastructure

August 25, 2023

DT Midstream Inc. (DTM) is ramping up investment in greenfield and other growth projects, including a buildout of infrastructure in Ohio’s Utica Shale, the company said in its second-quarter 2023 report released on Aug. 1. The company reached a finalized

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U.S. Oil M&A Jumps as Private Equity Unloads Shale Assets

August 25, 2023

U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last quarter soared to $24 billion — nearly

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Interior Department Finalizes Well Control Rule to Strengthen Offshore Safety Standards

August 24, 2023

The Department of the Interior released new measures to enhance worker safety and ensure offshore oil and gas operations on the Outer Continental Shelf are conducted with the utmost safety and oversight standards. The final well control rule from the

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Cheniere and BASF Sign Long-Term LNG Sale and Purchase Agreement

August 24, 2023

Cheniere Energy’s subsidiary, Cheniere Marketing, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with BASF. Under the SPA, BASF has agreed to purchase up to approximately 0.8 million tonnes per annum (mtpa) of LNG

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WhiteHawk Energy Secures $100 Million to Fund Haynesville Shale Acquisition

August 24, 2023

WhiteHawk Energy has entered into a $100 million acquisition finance facility with a top tier institution. The company utilized an initial $20 million draw on the acquisition facility to fund an additional closing of Haynesville Shale natural gas mineral and

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W.Va. AG Morrisey Leads 21 State Coalition Opposing EPA’s New Proposed Rule on Coal and Gas Plants

August 24, 2023

West Virginia Attorney General Patrick Morrisey is leading a coalition of 21 states opposing the U.S. Environmental Protection Agency’s proposed new rule on existing coal-, natural gas- and oil-fired power plants. The proposal would regulate those plants under the Clean

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EarthEn Receives DOE Support for Groundbreaking Supercritical CO2-based Energy Storage Technology

August 23, 2023

EarthEn, a Phoenix-based startup has been awarded first-of-its-kind funding by the Office of Electricity (OE), U.S. Department of Energy (DOE) along with the U.S. National Lab support. The two years of funding and support will enable EarthEn to significantly advance

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EPA Initiates New Review of Ozone National Ambient Air Quality Standards

August 23, 2023

The Environmental Protection Agency (EPA) will conduct a new review of the Ozone National Ambient Air Quality Standards (NAAQS) to ensure the standards reflect the most current, relevant science and protect people’s health from these harmful pollutants. EPA Administrator Michael

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Fidelis New Energy Selects Mason County W.Va. for Lifecycle Carbon Neutral Hydrogen Project

August 22, 2023

Fidelis New Energy® has selected Mason County, West Virginia for a lifecycle carbon neutral (net-zero) hydrogen production facility and low carbon microgrid — The Mountaineer GigaSystem™ and the Monarch Cloud Campus™ for data centers powered by net-zero hydrogen. Mountaineer will

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