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TotalEnergies and Borealis Commission $2 Billion Ethane Cracker in Texas
July 22, 2022
Bayport Polymers (Baystar), a 50/50 joint venture (JV) between TotalEnergies and Borealis, has started commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene. This almost $2 billion project built on the
Pickering Enters Strategic Partnership for $300 Million, to Develop Permian Basin Oil and Gas
July 22, 2022
Pickering Energy Partners (PEP) has entered into a strategic partnership with a large institutional investor to acquire and develop Permian Basin oil and gas interests alongside premier operators (PEP Development). Over the next two years, PEP Development will focus on
Kinder Morgan Reaches FID on Permian Highway Pipeline Expansion Project
July 22, 2022
Permian Highway Pipeline has made a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. The project will increase PHP’s capacity by approximately 550 million cubic feet per day
Mitsubishi and Magnum Receive $504.4M DOE Loan for Hydrogen Production and Storage Hub, Utah
July 21, 2022
Mitsubishi Power Americas and Magnum Development have closed on a $504.4 million loan guarantee from U.S. Department of Energy’s (DOE) Loan Programs Office to Advanced Clean Energy Storage, to develop the world’s largest industrial green hydrogen facility in central Utah.
Could Stopping Methane Leaks Help Avoid the Worst of the Climate Crisis?
July 21, 2022
Thanks to technological advancements, the oil and gas industry has the tools to drastically curb methane leaks. Project Canary Co-founder and CEO Chris Romer is now urging those with the power and capital to make a difference to step up.
Biden Announces Executive Action on Climate After Failed Effort in Congress
July 21, 2022
Biden announced Wednesday a set of executive actions he is taking on climate change that fall short of the ambitious plans he proposed at the start of his presidency as prospects for his wider climate agenda dwindle in Congress. “Congress
Equinor Restarts Production at Peregrino Field, Offshore Brazil
July 20, 2022
Equinor resumed production in the Peregrino field in Brazil on July 16, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major program of maintenance, upgrades, and
EIA: Oil Output in Permian to Rise in August to Highest on Record
July 20, 2022
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 78,000 barrels per day (bpd) to a record 5.445 million bpd in August, the U.S. Energy Information Administration (EIA) said
Tellurian to Acquire EnSight’s Haynesville Shale Assets for $125 Million
July 18, 2022
Tellurian, through its wholly owned subsidiary Tellurian Production (TPC), has agreed to acquire natural gas assets located in the Haynesville Shale for $125 million. Haynesville Shale constitutes a Jurassic Period rock formation that lies beneath large areas of southwestern Arkansas,
VAALCO to Acquire Canada’s Transglobe Energy in $307 Million Deal
July 18, 2022
U.S.-based VAALCO Energy has signed a definitive agreement to acquire Canadian oil and gas explorer TransGlobe Energy in an all-stock deal valued at $307 million. Under the terms of the agreement, VAALCO will buy each TransGlobe share for 0.6727 of
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