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FERC Approves EQT’s Acquisition of Tug Hill and XcL Midstream
August 17, 2023
EQT Corporation said the U.S. Federal Trade Commission has resolved its review of EQT’s agreement with THQ Appalachia (Tug Hill) and THQ-XcL Holdings (XcL Midstream) to acquire Tug Hill’s upstream assets and XcL Midstream’s gathering and processing assets pursuant to
Westbrook Energy Group Acquires Forged Components Inc.
August 17, 2023
Westbrook Energy Group has acquired Forged Components Inc. (FCI), a vertically integrated provider of high-quality forged, heat treated, and machined pressure control connection products for the downstream, midstream, upstream, LNG, marine, aerospace, and defense markets. FCI’s product portfolio along with
Energy Transfer to Acquire Crestwood in $7.1 Billion All-Equity Transaction
August 16, 2023
Energy Transfer and Crestwood Equity Partners have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on
Commonwealth LNG Secures Funding for FID on LNG Project, Louisiana
August 16, 2023
Commonwealth LNG said that it has secured the development funding needed to take a final investment decision (FID) on its namesake LNG export facility in Cameron, Louisiana. The company has closed a development capital investment from private funds overseen by
DOE to Launch Responsible Carbon Management Initiative, Seeking Public Input
August 16, 2023
The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced in the Federal Register its intent to launch a “Responsible Carbon Management Initiative.” The initiative aims to encourage and recognize project developers and others in industry
Chesapeake Energy to Sell Its Remaining Eagle Ford Assets to SilverBow for $700 Million
August 15, 2023
Chesapeake Energy Corporation has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion. “We are pleased to have successfully
Environmental Groups Mount Legal Challenge to Alaska Gasline Development’s Export Approval
August 15, 2023
Two environmental groups on last week asked a federal appeals court to overturn the Biden administration’s approval of exports from Alaska’s yet-unbuilt project that would ship natural gas from the North Slope. The Sierra Club and Center for Biological Diversity
Grid Operators Warn U.S. EPA Proposal Could Lead to Significant Power Shortages
August 15, 2023
Regional grid operators outlined a range of reliability and market concerns with the U.S. Environmental Protection Agency’s proposal to require new and existing fossil fuel-fired power plants to implement carbon capture or green hydrogen blending. The EPA’s proposal, unveiled in
Strike Energy to Acquire Talon Energy
August 14, 2023
Strike Energy Ltd. has entered into a binding scheme implementation deed with Talon Energy Ltd. to acquire all issued shares of Talon, according to an August 14 announcement by Strike. In addition, Talon will seek to demerge its Mongolian asset
Canada Signs Historic Deal with Inuvialuit, N.W.T., Yukon Governments Over Offshore Oil and Gas
August 14, 2023
A new deal has been signed — billed as the first of its kind in Canada — that’s meant to give Northerners more of a say in any offshore oil and gas development in the western Arctic. Dan Vandal, Canada’s
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