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EnCap Upsizes Double Eagle Equity Commitment to $2.3 Billion
January 30, 2023
EnCap Investments, Double Eagle Energy Holdings, and Tumbleweed Royalty have made an equity commitment upsize and establishment of their RBL facility. The expansion of capital will provide for acceleration of Double Eagle’s core strategy of acquiring and developing top-tier, accretive
Shell to Combine Upstream and LNG Operations, Makes Changes to Executive Committee
January 30, 2023
Shell will reduce the size of its executive committee (EC) from nine to seven members in a decisive move designed to simplify the organization further and improve performance as they deliver their Powering Progress strategy. Under the changes, which are
Chevron Names Mark Nelson Vice Chairman
January 30, 2023
Chevron Corporation said Mark A. Nelson, executive vice president, Strategy, Policy & Development, has been named vice chairman and executive vice president, Strategy, Policy & Development. In this new corporate officer role, Nelson will continue leading Chevron’s Strategy & Sustainability,
Oil and Gas Companies Moving into Permian Basin in $100M String of Deals, as Region Expands
January 27, 2023
An oil and gas producer based on the Texas side of the Permian Basin looked to capitalize on growth in the New Mexico portion of the region, looking to buy lands in the southeast corner of the state. Permian Resources
Norway to Offer Record Number of Arctic Oil and Gas Exploration Blocks
January 27, 2023
Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticized the risk to the environment. The
Vitol’s VTX to Acquire Delaware Basin Resources and Associated Surface and Water Businesses
January 26, 2023
Vitol’s U.S. upstream company, VTX Energy Partners, has agreed to acquire Delaware Basin Resources (DBR) and associated surface and water businesses for an undisclosed sum. It is VTX’s first acquisition since the partnership was established by Vitol and VTX last
Permian Resources Enters into a Series of Portfolio Management Transactions
January 26, 2023
Permian Resources Corporation has entered into a series of portfolio management transactions, comprising of a bolt-on acquisition, a divestiture of non-operated production and acreage, and a divestiture of a portion of its water infrastructure assets in Reeves County, Texas. “At
India Likely to See $58 Billion Investment in Oil and Gas Production
January 26, 2023
India will likely see an investment of $58 billion in finding and producing oil and gas resources by 2023, Oil Minister Hardeep Singh Puri said on Friday, adding global energy majors Chevron, ExxonMobil, and TotalEnergies are keen to invest. India
Biden Would Veto House GOP’s Latest Strategic Petroleum Reserve Bill
January 26, 2023
Energy Secretary Jennifer Granholm said Monday that President Biden would veto a bill being pushed by House Republicans that would limit his ability to draw from the Strategic Petroleum Reserve (SPR). The bill, the Strategic Production Response Act, calls for
Congo Extends Its Relationship with U.S. and Canada with New Oil and Gas Deal
January 25, 2023
The Democratic Republic of Congo has extended its relationship with the United States and Canada by awarding both countries licenses to three natural gas blocks in Lake Kivu on its eastern border. The DRC auctioned some of its gas blocks
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