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U.S. and EU Plan New Pledge Targeting Oil and Gas Methane Emissions
November 10, 2022
The United States and European Union plan to unveil a joint agreement at the U.N. climate summit this week to step up efforts to reduce emissions of the potent greenhouse gas methane from the fossil fuel sector, and are hoping
VAALCO Energy Wraps Up $307 Million Acquisition of TransGlobe Energy
November 9, 2022
U.S.-based VAALCO Energy has completed the $307 million acquisition of TransGlobe Energy, an oil and gas firm with operations focused on Egypt and Canada. The closing of the deal follows the recent approvals of stockholders of both the publicly listed
TotalEnergies to Take Legal Action After Greenpeace Says It Under-Reports Emissions
November 8, 2022
France’s TotalEnergies said on Thursday it would take legal action after environmental group Greenpeace France said it had under-reported its carbon emissions in 2019. Greenpeace France earlier accused the oil giant of under-reporting emissions, sparking a debate about its seriousness
Coterra Energy Appoints Thomas Jorden as Chairman of the Board
November 8, 2022
Coterra Energy has appointed appointed Thomas Jorden, its president and chief executive officer, as chairman of the board effective January 1, 2023. Jorden succeeds Dan Dinges, as executive chairman upon the expiration of his term on December 31, 2022 in
Enbridge Launches Open Season for Natural Gas Transportation Service on T-North Pipeline Segment
November 7, 2022
Enbridge said it will conduct an open season for additional natural gas transportation service on the T-North segment of its B.C. Pipeline, a natural gas pipeline system in British Columbia (B.C.). T-North runs from the Fort Nelson area and transports
U.S. Drillers Add Oil and Gas Rigs for Third Week in Four
November 7, 2022
U.S. energy firms this week added oil and natural gas rigs for a third time in four weeks as relatively high oil prices encourage firms to drill more. The oil and gas rig count, an early indicator of future output,
Clearfork Midstream to Expand Its Haynesville Gathering, Treating, Compression Capacity, Louisiana
November 4, 2022
Clearfork Midstream has signed several new producer-customer commercial agreements and treating capacity expansions on its Holly System in North Louisiana. The announcement highlights Clearfork’s continued commercial success and growth following its acquisition in February 2022 of a natural gas gathering
Martin Midstream Sells California Sulfur Terminal to Gulf Terminals for $5.25 Million
November 4, 2022
Martin Midstream Partners has sold its Stockton Sulfur Terminal to Gulf Terminals LLC. for net proceeds of approximately $5.25 million. “Over the last several years, the partnership has sought opportunities to strengthen our balance sheet and reduce outstanding debt to
ProPetro Acquires Silvertip Creating a Leading Completions-Focused Oilfield Services Company
November 3, 2022
ProPetro Holding Corp. has acquired Silvertip Completion Services Operating, creating a leading completions-focused oilfield services company headquartered in the Permian Basin. The transaction consideration consisted of the issuance of 10.1 million shares of ProPetro common stock, $30 million of cash,
Denbury Executes CO2 Transport, Storage Agreement for World-Scale Clean Hydrogen-Ammonia Complex
November 3, 2022
Denbury said its subsidiary, Denbury Carbon Solutions, has executed a CO2 services agreement with Clean Hydrogen Works. Under the definitive agreement, Denbury will transport and sequester CO2 captured from Clean Hydrogen’s planned hydrogen-ammonia complex in Ascension Parish, Louisiana, which is
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