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NEWS Click on text to read news by category: General | Product | People | Worldwide

INEOS Energy Acquires Chesapeake’s Eagle Ford Assets for $1.4 Billion

February 23, 2023

INEOS Energy, the energy business of British chemicals company INEOS, has partly acquired Chesapeake Energy’s oil and gas assets in south Texas, for $1.4 billion. The company will acquire around 2,300 wells producing net 36,000 barrels of oil equivalent per

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Quantum Energy Partners and Bison Form New Entity with Capital Commitments of $500 Million

February 23, 2023

Quantum Energy Partners and the management of Bison Oil & Gas have formed a new entity, Bison Oil & Gas Partners IV with equity capital commitments in excess of $500 million. Building on the success of prior Bison entities, Bison

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Freeport LNG Receives Regulatory Approval to Restart Operations of Its Liquefaction Facilty, Texas

February 23, 2023

Freeport LNG Development has received regulatory approval to commence commercial operations of the company’s natural gas liquefaction and export facility. Today’s authorization provides for the immediate full return to service of one liquefaction train, that has already restarted, and the

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Liwathon to Acquire Equinor’s South Riding Point Oil Terminal, Bahamas

February 23, 2023

Equinor has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas. The terminal was purchased by Equinor in 2009 to enable the company to

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Red Leaf Resources Partners With Ute Tribe for Uinta Basin Upgrader Project, Utah

February 22, 2023

Red Leaf Resources has entered into a collaboration agreement to advance its upgrader project in the Uinta Basin in the state of Utah. Red Leaf recently signed an agreement with Ute Energy Exploration and Marketing, a wholly-owned subsidiary of a

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TotalEnergies EP Canada Acquires Additional Interest in Teck’s Fort Hills for $232 Million

February 22, 2023

In the context of its future spin-off, TotalEnergies EP Canada has exercised its preemption right to acquire an additional 6.65 percent interest in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources, for a

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Elk Range Royalties Closes Acquisition in the Permian Basin with Tower Rock Oil & Gas

February 22, 2023

Elk Range Royalties has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (PSA) with Tower Rock Oil & Gas and its affiliates. The PSA covers ~2,300 core net royalty acres (NRAs),

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Arena Energy Closes Acquisition of Gulf of Mexico Shelf Properties from Cox Operating

February 22, 2023

Arena Energy has closed on the acquisition of Cox Operating’s interest in two fields located in the shallow waters of the Gulf of Mexico. The acquisition consolidates Arena’s ownership interest in Eugene Island 330 and South Marsh 128, both of

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Talos Energy Confirms Stockholder Approval for Acquisition of EnVen Energy

February 22, 2023

Talos Energy Inc. said all of the proposals related to its acquisition of EnVen Energy Corporation were approved by the requisite holders of Talos common stock at the company’s special meeting of stockholders held on February 8, 2023. The final

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TC Energy Increases Cost Estimate of Coastal GasLink Pipeline to $11 Billion

February 22, 2023

TC Energy has increased the cost estimate of the Coastal GasLink pipeline project in Canada to around C$14.5 billion ($10.9 billion) following the completion of a cost and schedule risk analysis (CSRA). The analysis was done to evaluate the present

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