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Record Boost for Clean Energy in $1.7 Trillion Funding Bill Passed by U.S. House

December 28, 2022

The $1.7 trillion bipartisan government spending bill passed by the U.S. House of Representatives Dec. 23 has historic funding increases for clean energy and other climate-related programs. The fiscal year 2023 omnibus appropriations package now goes to President Joe Biden’s

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Baker Hughes and Woodside Collaborating to Decarbonize Natural Gas Supply Chain

December 28, 2022

Baker Hughes and Woodside Energy said they have entered into a memorandum of understanding (MOU) to explore potential business arrangements and initiatives that may have the potential to support Woodside’s climate strategy or its customers’ chosen decarbonization pathways. The MOU

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Hess Achieves Recognition for Environmental Practices

December 27, 2022

Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2021. Hess has earned leadership status for 13 consecutive years from CDP, an international nonprofit organization that runs a global environmental disclosure system. This year, Hess is one of only

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Superior Plus to Acquire Green Energy Company Certarus for $1.05 Billion

December 27, 2022

Superior Plus, a retail distributor of propane in the U.S., has signed a definitive arrangement agreement to acquire Canada-based green energy supplier Certarus for a total of $1.05 billion. Under the terms of the acquisition, Superior will acquire all the

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U.S. Funding Bill Cancels “Certain” SPR Sales Mandated by Congress

December 22, 2022

The government funding bill U.S. lawmakers are trying to pass cancels “certain” congressionally mandated sales of oil from the Strategic Petroleum Reserve, a summary showed on Tuesday. Congress mandated in previous laws a sale of about 26 million barrels of

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Enerplus Closes $180 Sale of Canadian Assets to Surge Energy

December 22, 2022

Enerplus Corporation has closed on the sale of all of its remaining Canadian assets located in Alberta and Saskatchewan to Surge Energy Inc. for CDN$245 million (US$180 million). The assets include production of approximately 3,000 BOE per day (99 percent

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Energy Transfer Receives FERC Approval to Put Gulf Run Pipeline in Service

December 21, 2022

Dallas-based Energy Transfer said its subsidiary, Gulf Run Transmission, has received FERC approval to place the Gulf Run pipeline in service delivering domestically produced natural gas from key U.S. producing regions to meet the rapidly growing demand along the Gulf

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Apache Corporation Selects Omnira Software for Reserves Management

December 21, 2022

Omnira Software, the creator of MOSAIC, the market leader in providing solutions for reserves management and petroleum economics, said that Apache Corporation, a global leader in the exploration and production of oil and natural gas, has selected MOSAIC™ to modernize

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DOE to Start Repurchasing Crude Oil for Strategic Petroleum Reserve, Contracts Awarded by Jan. 13

December 20, 2022

The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves said it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil at

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Arena Energy Makes Strategic Acquisition of Gulf of Mexico Shelf Properties from GOM Shelf

December 20, 2022

Arena Energy has closed on the acquisition of seven blocks and twelve platforms in the Gulf of Mexico from GOM Shelf, LLC. The acquisition includes net daily production of approximately 2,000 barrels of oil equivalent in fields with historically low

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