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Oil Industry Gears Up to Tap U.S. Climate Bill for Carbon Capture Projects
August 16, 2022
Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting startup costs for some of the anti-pollution initiatives. Carbon capture
Equinor to Sell 51% Stake in North Platte Deep Water Project to Shell, Gulf of Mexico
August 16, 2022
Equinor has agreed to sell to Shell 51 percent of its interest in the North Platte deep water development project in the U.S. Gulf of Mexico. Equinor will retain 49 percent interest in the project, and Shell will become the
Nine Companies to Buy Oil from U.S. Strategic Reserve in Latest Sale
August 16, 2022
The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden administration’s plan to ease petroleum prices elevated by Russia’s invasion of
Callon Petroleum Awards USA Compression Dual Drive Contract for Eagle Ford Shale System
August 16, 2022
USA Compression Partners and Callon Petroleum Company has started up multiple dual drive compressors at Callon’s locations in the Eagle Ford Shale. The dual drive compression service offering, which is currently only offered by USA Compression, offers customers the ability
U.S. Oil & Gas Rig Count Falls for Second Week in a Row
August 15, 2022
U.S. energy firms this week cut the number of oil and natural gas rigs for a second week in a row as the rig count, an early indicator of future output, has been slow to grow with oil production only
Freeport LNG Plant in Texas Still Pulling in Natgas to Produce Power After Fire
August 15, 2022
U.S. liquefied natural gas (LNG) company Freeport LNG said on Thursday it was still pulling in small amounts of natural gas from pipelines at its shuttered LNG export plant in Texas to fuel a power plant. The company has said
Enerplus to Sell Sell Certain Canadian Assets in Alberta to Journey Energy for $109 Million
August 12, 2022
Enerplus Corporation has entered into a definitive agreement to sell certain Canadian assets located in Alberta to Journey Energy for total consideration of CDN$140 million (US$109 million), prior to closing adjustments. Under the terms of the agreement, the total consideration
Diversified Energy Acquires Appalachian Plugging Company
August 12, 2022
Diversified Energy Company has acquired the well services and plugging assets and operations of Contractor Services Inc. of West Virginia (ConServ), representing the company’s third acquisition of an Appalachian asset retirement operator during 2022. Located in Spencer, West Virginia, ConServ
Williams Enters Agreement with PennEnergy to Market and Deliver Low Emissions Next Gen Gas
August 11, 2022
Williams and PennEnergy Resources, an EnCap Investments portfolio company in the Appalachian Basin, have entered into an agreement to support the marketing and delivery of certified, low emissions next gen natural gas. The agreement includes an independent, third-party certification process
NGL Energy Partners Puts Ambassador Pipeline in Service, Michigan
August 11, 2022
NGL Energy Partners has completed the Ambassador Pipeline in the state of Michigan. The Ambassador Pipeline System consists of a 225-mile bi-directional pipeline with multiple supply and delivery points. The Ambassador Pipeline connects central, northern, and western Michigan propane customers
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