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Mexico Pacific and ExxonMobil Executes Long-Term LNG Sales and Purchase Agreements
February 10, 2023
Mexico Pacific has executed two long-term sales and purchase agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the sale of a combined 2 million tonnes per annum (MTPA) of liquefied natural gas. Under the SPAs, the ExxonMobil affiliate will
Matador Resources to Acquire Advance Energy Partners for $1.6 Billion
February 10, 2023
Matador Resources has entered into a definitive agreement to acquire Advance Energy Partners Holdings, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Ward County, Texas. The consideration for the Advance
Crescent Point Acquires Paramount Resources’ Kaybob Duvernay Assets for $375 Million
February 10, 2023
Crescent Point Energy has entered into a purchase and sale agreement to acquire certain Kaybob Duvernay assets from Paramount Resources Ltd. for cash consideration of $375 million. These assets are adjacent to Crescent Point’s existing land base and further enhance
Gulfport Energy Appoints John Reinhart as President and Chief Executive Officer
February 10, 2023
Gulfport Energy Corporation has named John Reinhart president and chief executive officer, and director, effective January 24, 2023. Tim Cutt, who has served as chief executive officer and chairman since 2021, will retain his position of chairman of the board
WattBridge Energy Commissions Its Mark One Gas-fired Power Station, Texas
February 9, 2023
WattBridge Energy has started commercial operations at the 288MW Mark One gas-fired power station in Brazoria County, Texas. According to the U.S.-based power producer, the Mark One station will cater to the Electric Reliability Council of Texas (ERCOT) grid system
Golar LNG to Acquire New Fortress Energy’s Stake in FLNG Hilli
February 9, 2023
Golar LNG Limited has agreed to acquire the New Fortress Energy (NFE) ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash. Golar will also take over approximately $323 million
Linde to Invest $1.8 Billion to Supply Clean Hydrogen to OCI’s World-Scale Blue Ammonia Project, TX
February 9, 2023
Linde has signed a long-term agreement to supply clean hydrogen and other industrial gases to OCI’s new world-scale blue ammonia plant in Beaumont, Texas. Linde will build, own, and operate an on-site complex which will include autothermal reforming with carbon
50 Senators, Including Joe Manchin, Challenge Biden’s ESG Rule Impacting 401k Retirement Plans
February 9, 2023
Every Republican senator and Democrat Joe Manchin are introducing legislation that they hope will terminate the Biden administration’s new environment, social and governance (ESG) rule, which they say “politicizes” the retirement savings for 152 million Americans. The Biden administration’s Department
Sanctions on Russian Crude Oil have ‘Failed Completely,’ Oil Analyst Says
February 9, 2023
Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban imports of refined petroleum products from Russia, including diesel and
INPEX Sells Its Eagle Ford Assets to Repsol Oil & Gas USA
February 8, 2023
INPEX has sold its subsidiary INPEX Eagle Ford to Repsol Oil & Gas USA, a subsidiary of Repsol, thereby divesting from all its tight oil development and production activities in the Eagle Ford play in the State of Texas in
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