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KNOT Offshore Partners Appoints Derek Lowe as CEO and CFO
August 7, 2023
Following the decision of Gary Chapman to step down as the KNOT Offshore Partners’ CEO/CFO, the partnership has appointed Derek Lowe as the new chief executive officer and chief financial officer. This transition is expected to occur the week of
Strathcona Resources to Acquire Rival Canadian Oil Producer Pipestone Energy
August 4, 2023
Private-equity owned Strathcona Resources has agreed to acquire Pipestone Energy in an all-stock deal to create the fifth-largest liquids producer in Canada with an initial market capitalization of around $6.5 billion (C$8.6 billion) After including around $2.2 billion (C$2.9 billion)
United Energy Corp. Enters JV with Bridge Energy to Expand LNG Processing
August 4, 2023
United Energy Corporation (UNRG) has entered into a joint venture partnership with Bridge Energy of Houston, Texas. The strategic partnership aims to leverage the expertise and resources of both companies to expand UNRG’s processing capabilities of liquified natural gas (LNG),
Oil Driller Pioneer Experimenting to Mine Lithium from Fracking Wastewater
August 4, 2023
Pioneer Natural Resources, one of the largest U.S. shale drillers, is experimenting with mining lithium from wastewater produced in the fracking process. Chief executive officer Scott Sheffield told Bloomberg Television that the company started doing tests about three years ago
Air Products to Supply LNG Liquefaction Technology and Equipment for Rio Grande LNG Project
August 3, 2023
Air Products has signed agreements with Bechtel Energy to supply its proprietary LNG process technology and equipment to NextDecade’s Rio Grande LNG Phase 1 Project in the Port of Brownsville, Texas. The project will include three natural gas liquefaction trains
UK Prime Minister Sunak to Grant Hundreds of New Oil and Gas Licenses in North Sea
August 2, 2023
British Prime Minister Rishi Sunak has confirmed that hundreds of new oil and gas licenses will be granted in the UK North Sea with an intent to boost the country’s energy independence and grow its economy. The UK government, in
Railroad Commission of Texas: Media Reports on Abandoned Wells Requires Corrections
August 1, 2023
Recently, some media reports claim plugged and abandoned oil and natural gas wells across the state are leaking and causing widespread pollution. If you read these stories carefully, you’ll see they are not based on evidence, but rather speculation. As
TC Energy to Split Into Two Publicly Listed Companies to Unlock Value
July 31, 2023
TC Energy has received approval from its board of directors to split its business into two standalone, publicly listed companies through the separation of its liquids pipelines operations. According to the Canadian energy infrastructure company, the decision follows a two-year
FERC Issues Positive FEIS for Venture Global’s CP2 LNG Project, Louisiana
July 31, 2023
The U.S. Federal Energy Regulatory Commission (FERC) has issued positive final environmental impact statement (FEIS) for Venture Global’s CP2 LNG project in Louisiana. The step clears the way for a final vote by the commission, as Venture Global seeks to
Eni to Acquire Chevron’s Assets in Kutei Basin, Offshore Indonesia
July 31, 2023
Italian energy company Eni has agreed to acquire Chevron’s interests and operatorship in certain production blocks in the Kutei Basin, offshore East Kalimantan province, Indonesia. Under the agreement, Eni will acquire a 72 percent stake in Makassar Straits Block and
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