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Freeport LNG to Shut Down Texas Gulf Coast Facility for Three Weeks Following Explosion
June 9, 2022
Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility, raising the risk of shortages especially in Europe.
Texas Pacific Land and Milestone Carbon Enter Carbon Sequestration Study Agreement
June 9, 2022
Texas Pacific Land Corporation (TPL) together with Milestone Carbon, executed letter of intent (LOI) to evaluate geological and geophysical characteristics of certain acreage owned by TPL for the purposes of sequestering captured CO2. Milestone Carbon is a leading carbon capture
Andros Launches Mineral Platform With $122 Million Mineral and Royalty Acquisition
June 8, 2022
Andros Capital Partners’ affiliate, Andros Minerals, has entered into a definitive purchase and sale agreement to acquire a portfolio of mineral and royalty interests located in the Midland Basin, Delaware Basin, and Eagle Ford Shale for $122 million from an
DOE Launches $8 Billion Notice of Intent to Develop Regional Clean Hydrogen Hubs
June 8, 2022
The U.S. Department of Energy (DOE) released a notice of intent (NOI) to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs (H2Hubs) across America. H2Hubs will create networks of hydrogen producers, consumers, and local
Shale Gas Producer Chesapeake Energy Aims to Expand Push into LNG
June 7, 2022
Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas (LNG) adviser, according to a job listing, as it seeks to expand into the fast-growing export market. U.S. natural gas producers have seized on LNG for future output,
Mountain Valley Pipeline Seeks New Appellate Court Panel to Hear Legal Challenges
June 7, 2022
Unhappy with the way it has been treated by a three-judge panel of an appellate court, Mountain Valley Pipeline is asking for a new slate of judges to hear the next round of its long-running legal battle with environmentalists. In
Biden’s Sue & Settle Tactics on Oil & Gas Leases Mean Higher Energy Prices
June 7, 2022
U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), issued the following statement regarding the Biden administration’s sue and settle tactics, that will reopen procedural environmental reviews on over 2,000 Wyoming oil
Canes Midstream Closes Acquisition of Cogent Midstream
June 3, 2022
Canes Midstream, a Dallas-based portfolio company of EIV Capital and Denham Capital, has closed on the acquisition of Cogent Midstream. The Cogent assets, located in the Southern Midland Basin, include 520 million cubic feet per day of processing capacity, over
Saipem Sells Onshore Drilling Business to KCA Deutag for $550 Million
June 3, 2022
Italian energy services group Saipem said on Wednesday it had agreed to sell its drilling onshore business to British-based oil drilling contractor KCA Deutag (KCAD) for $550 million. As part of the deal — which takes the Italian company further
EOG Resources Says Natgas Markets Facing ‘Structural Change’
June 3, 2022
Global natural gas markets are going through a “structural change”, Ezra Yacob, chief executive officer of EOG Resources said on Wednesday, pointing to fuel switching and energy shortages in Europe that have highlighted the need for fossil fuels. Gas prices
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