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EPA Drags Its Feet On Oversight of Carbon Capture Project Permit Applications
May 12, 2023
The U.S. EPA recently responded to a letter from the West Virginia Manufacturers Association joined with seven other business and industry groups from five states to urge the EPA to get the ball rolling on permitting for injection wells used
AltaGas Appoints Vern Yu as President and Chief Executive Officer
May 12, 2023
AltaGas Ltd. has appointed Vern Yu as the company’s next president and chief executive officer, effective July 1, 2023. Yu will also join AltaGas’ board of directors at the same time. “Vern is a highly capable and seasoned leader with
Curtiss-Wright Signs Subsea Canned Motor Pump Agreement With Shell
May 11, 2023
Curtiss-Wright Corporation has signed an agreement with Shell Exploration & Production Company, a subsidiary of Shell, to manufacture, test, and provide operational support for an electro-submersible pump (ESP) for a Shell offshore platform in the Gulf of Mexico. The objective
World Not Ready Yet to ‘Switch Off’ Fossil Fuels, COP28 Host UAE Says
May 11, 2023
The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions — not the production of oil, gas and coal — at the upcoming U.N. climate change negotiations that it will host this December. The
ArcLight Capital Partners Appoints Former Entergy CEO Leo Denault as Senior Adviser
May 11, 2023
ArcLight Capital Partners has appointed Leo Denault, former Entergy chairman and CEO, as a senior advisor and ArcLight Power Infrastructure board member. Denault will work with ArcLight on new investments across the power and utility infrastructure sectors. “Leo is a
Fluor’s Carbon Capture Technology Selected by FCL’s Renewable Diesel Facility, Canada
May 11, 2023
Fluor Corporation has signed a license agreement with Federated Co-Operatives Limited (FCL) for the application of Fluor’s Econamine FG Plus carbon capture technology at FCL’s Co-op Renewable Diesel Complex in Regina, Saskatchewan, Canada. Fluor also booked a first quarter award
Oil and Gas Companies Curtail Production as Fires Continue to Blaze in Alberta, Canada
May 10, 2023
Some oil and gas producers in Alberta are temporarily shutting in production as wildfires rage across the energy-producing province. With more than 100 active fires burning across Alberta and a provincial state of emergency in place, oil and gas companies
Callon Petroleum to Acquire Core Delaware Basin Assets and Exit Eagle Ford in $1.1 Billion Deals
May 10, 2023
Callon Petroleum Company has signed two definitive agreements that streamline and focus Callon’s operations, accelerate the achievement of its debt reduction target, and allow for the initiation of a shareholder return program in the third quarter of 2023. Callon has
Crescent Energy to Acquire Mesquite Energy’s Western Eagle Ford Assets for $600 Million
May 10, 2023
Crescent Energy has entered into a definitive purchase agreement to acquire operatorship and incremental working interest in its existing Western Eagle Ford assets from Mesquite Energy, for total consideration of $600 million in cash, subject to customary purchase price adjustments.
Carbon TerraVault Enters Into Two CO2 Management Agreements, Submits Class VI Permit to EPA
May 10, 2023
California Resources’ subsidiary Carbon TerraVault (CTV) has entered into a storage-only carbon dioxide management agreement (CDMA) with Yosemite Clean Energy, and a second storage-only CDMA with InEnTec Inc. “2023 began on a good note for Carbon TerraVault as we continued
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