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Enbridge and Plains to Acquire Remaining Stake in Cactus II Pipeline for $265 Million
November 29, 2022
Canadian pipeline company Enbridge and U.S.-based Plains All American Pipeline (PAA) have acquired their remaining stake in Cactus II Pipeline for $265 million. Enbridge has purchased a 10 percent stake and Plains a 5 percent stake in Cactus II from
Chevron and JERA Advance Lower Carbon Solutions in Asia Pacific and the U.S.
November 29, 2022
Chevron Corporation, through its Chevron New Energies business, and JERA are collaborating on multiple lower carbon opportunities — including production; carbon capture, utilization, and storage; and new technology commercialization — focused on the U.S. and Asia Pacific region. The companies
IOG Resources Acquires Seneca Resources’ Producing Gas Assets in Appalachia
November 28, 2022
IOG Resources II has acquired producing gas assets in Appalachia operated by Seneca Resources, an affiliate of National Fuel Gas. The assets consist of non-operated wellbores primarily located in Clearfield, Elk, and McKean counties, Pennsylvania with current net production of
New Fortress Energy Finalizes Agreements with Pemex to Develop Lakach Offshore Gas Field
November 28, 2022
New Fortress Energy (NFE) has finalized its agreements with Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in Southeastern Mexico. The agreements comprise a
Mozambican President Nyusi Inaugurates $8 Billion Coral South FLNG Project
November 28, 2022
Eni said that Mozambican President Filipe Jacinto Nyusi has inaugurated the company and its partners’ $8 billion Coral South floating LNG (FLNG) project in the ultra-deep waters of the East African country’s part of the Rovuma Basin. The inauguration, which
Equinor and Partners to Invest $1.44 Billion in Irpa Gas Field to Boost Exports to Europe
November 28, 2022
Norway’s energy giant Equinor will invest the equivalent of $1.44 billion with its partners to develop the Irpa gas field north of the Arctic circle in the Norwegian Sea and export the gas to Europe. Equinor and its partners Petoro,
Occidental Brings Drilling Rig Back to Colorado After Oil Well Permitting Picks Up
November 23, 2022
Colorado’s biggest oil producer brought a drilling rig back to the Denver-Julesburg Basin, reversing its decision to its cut its well development in half this year due to slow state permitting. Houston-based Occidental Petroleum recently added a second drilling rig
KKR Plans to Divest Canadian Oil and Gas Producer Westbrick
November 23, 2022
KKR, a private equity firm and the majority owner of the Canadian oil and gas producer Westbrick Energy, is reportedly planning to sell Westbrick in a potential transaction valued at between C$1.5 billion ($1.13 billion) and C$2 billion ($1.5 billion).
DOE Launches $13 Billion Funding Opp to Modernize and Expand America’s Power Grid
November 23, 2022
U.S. Department of Energy (DOE) announced $13 billion in new financing opportunities for the expansion and modernization of the nation’s electric grid. Funded by the President’s Bipartisan Infrastructure Law, the Grid Resilience Innovative Partnership (GRIP) program and the Transmission Facilitation
State Representative Landgraf Files New House Bill, Texas Energy Independence Act
November 23, 2022
State Representative Brooks Landgraf (R-Odessa) filed House Bill 33 to stall the implementation of any new federal regulations on oil or natural gas production in Texas. HB 33, nicknamed the “Texas Energy Independence Act,” is the first of several pieces
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