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Diamondback Energy to Acquire Lario Permian for $1.55 Billion
January 6, 2023
Diamondback Energy has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of Lario Permian, a wholly owned subsidiary of Lario Oil & Gas Company, and certain associated sellers in exchange for 4.18 million shares
Trinity Gas Storage Closes Financing for Natural Gas Storage Facility in Texas
January 5, 2023
Trinity Gas Storage has closed financing by Transition Equity Partners (TEP) to advance the development of Trinity Gas Storage, a greenfield natural gas storage facility in East Texas. TEP’s investment will provide Trinity with the capital required to finalize engineering,
Transocean Wins Contracts and Extensions Worth $488 Million for Five Drilling Rigs
January 5, 2023
Transocean Ltd. has secured contract awards or extensions for five of its drilling rigs. Together, the fixtures represent approximately $488 million of firm backlog. Deepwater Invictus, an ultra-deepwater drillship, was awarded a new three-well contract with an estimated 100-day duration
Offen Petroleum Enters Great Lakes Region with Gas Depot Acquisition
January 5, 2023
Offen Petroleum has completed the acquisition of the wholesale division of Gas Depot and Gas Depot Oil Company, both headquartered in Chicago, Illinois. The acquisition is Offen’s first into Chicagoland and the Great Lakes region. Gas Depot was founded by
Targa Resources to Take Full Ownership of Grand Prix NGL Pipeline in $1 Billion Deal
January 4, 2023
Targa Resources has entered into a definitive agreement to acquire Blackstone Energy Partners’ 25 percent interest in Targa’s Grand Prix NGL Pipeline for $1.05 billion in cash plus customary working capital adjustments. Targa will own 100 percent of Grand Prix
First LNG Cargo Arrives at Germany’s LNG Terminal in Wilhelmshaven
January 4, 2023
Uniper brought Germany’s first full cargo of liquefied natural gas to the new LNG terminal, operated by Uniper, in Wilhelmshaven. The LNG ship Maria Energy, owned by Tsakos Energy Navigation was loaded in Calcasieu Pass, USA, at the liquefaction facility
Marathon Oil Completes Acquisition Ensign’s Eagle Ford Shale Assets for $3 Billion
January 4, 2023
Marathon Oil Corporation has completed its acquisition of the Eagle Ford assets of Ensign Natural Resources for a total cash consideration of $3 billion after taking into account closing adjustments. “We are pleased to announce the close of our acquisition
Alaska’s Cook Inlet Lease Sales Draws One Bid
January 3, 2023
The U.S. government on Friday received just a single bid, from Hilcorp Alaska, for oil and gas drilling rights off the coast of Alaska the first federal auction in the region in more than five years. The offer of nearly
Port of Corpus Christi Ship Channel Improvement Project Receives $157.3M in Federal Funding
January 3, 2023
The Consolidated Appropriations Act of 2023, approved by Congress in December 2022, includes project closeout funding of $157.3 million for the Port of Corpus Christi Ship Channel Improvement Project (CIP) for the U.S. Army Corps of Engineers (USACE). This funding
AMR PEMCO Expands from Renewable Energy Demand
December 28, 2022
A Tazewell County company is expected to add 20 jobs and $575,200 in private investment, according to a release from the Virginia Coalfields Economic Development Authority. The authority recently awarded a $447,200 low-interest loan to AMR PEMCO in Bluefield to
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