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Haynesville Shale Producer Rockcliff Taps Project Canary for ESG Certification
May 3, 2022
Rockcliff Energy II LLC has committed to utilize Project Canary for independent, real-time continuous emissions monitoring. Rockcliff has deployed 171 high-fidelity Canary X continuous emissions monitors on 57 sites to verify existing low methane intensity and immediately measure and detect
U.S. Senate Panel Expected to Vote on Bill Allowing Anti-trust Lawsuits Against OPEC
May 3, 2022
A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, a Senate aide said on Thursday. The
ConocoPhillips Promotes Tim Leach as Advisor to CEO
May 2, 2022
ConocoPhillips said Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with
PetroRio to Acquire Petrobras’ Stake in Albacora Leste Field for $2.2 Billion, Offshore Brazil
May 2, 2022
PetroRio, through its subsidiary Petro Rio Jaguar Petróleo, has agreed to acquire a 90 percent operating stake in the producing Albacora Leste field, offshore Brazil, from Petróleo Brasileiro (Petrobras) for $2.2 billion. The remaining 10 percent stake in the field
Russia’s Gas Supply Cuts in Europe Could Fuel More U.S. Coal-to-Gas Switching
May 2, 2022
The U.S. power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. The price pressure could come following a recent but potentially extended suspension
Shell, Archaea Energy Take Early Steps Toward Underground Carbon Storage in Pennsylvania
May 2, 2022
Two companies, Shell and Archaea Energy, have met with state environmental regulators to discuss preliminary plans for developing Pennsylvania’s first wells to store carbon dioxide. Shell, which is preparing to begin operating its world-scale petrochemical plant in Beaver County this
SilverBow Resources to Acquire Sundance Energy and SandPoint Resources for $425 Million
April 29, 2022
SilverBow Resources, Inc. has entered into a definitive agreement to acquire substantially all of the assets of Sundance Energy and certain affiliated entities for a total purchase price of $354 million and up to $15 million of contingent payments based
Delek Logistics to Acquire 3Bear Energy’s Permian Basin Assets for $624.7 Million
April 29, 2022
Delek Logistics Partners has signed a definitive purchase agreement for the acquisition of 100 percent of the equity interests of 3Bear Delaware Holding, an indirect subsidiary of 3Bear Energy, related to 3Bear’s crude oil and gas gathering, processing, and transportation
ARM Energy Acquires NextEra Energy’s Monument Pipeline for $203 Million
April 29, 2022
ARM Energy Holdings, along with certain of its affiliates, various financial partners, and co-investors has acquired Monument Pipeline, a Houston-based natural gas pipeline, from affiliates of NextEra Energy Partners. Monument provides natural gas transportation and marketing services to end-users in
Oxy Partners with Weyerhaeuser for Carbon Capture Hub in Louisiana
April 29, 2022
Occidental’s Oxy Low Carbon Ventures (OLCV) subsidiary and Weyerhaeuser Company entered into an agreement for the evaluation and potential development of a carbon capture and sequestration project in Livingston Parish, Louisiana. The lease agreement provides OLCV with exclusive rights to
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