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Nabors Invests in Ultra-Deep Geothermal Drilling Technology Innovator, GA Drilling
April 29, 2022
Nabors Industries Ltd. has added to its clean energy portfolio with a US$8 million investment in GA Drilling. This strategic investment expands Nabors’ commitment to deep-drilling technologies tapping super-hot, ultra-deep rock reservoirs. GA Drilling, a geothermal technology company with headquarters
PHX Minerals Acquires Chesapeake’s Haynesville Play for $4.3 Million, Louisiana
April 28, 2022
PHX Minerals has made a mineral and royalty acquisition targeting the Haynesville play in Louisiana. PHX has agreed to acquire approximately 477 net royalty acres located in three contiguous sections operated by Chesapeake for aggregate consideration of $4,300,000 in cash
U.S. Authorizes More LNG from Two Plants in Development
April 28, 2022
The U.S. Department of Energy said on Wednesday it authorized additional liquefied natural gas shipments from two plants in construction and development, as Russia’s invasion of Ukraine increases focus on boosting the domestic fossil fuel industry. The department said the
ECOTEC to Partner with Archrock on Methane Emissions Management
April 27, 2022
Ecotec International Holdings made a strategic minority equity investment by Archrock. Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression. In addition to the strategic investment, Archrock will also begin offering ECOTEC’s suite of
Advanced Clean Energy Storage Project Receives $500 Million Conditional Commitment from DOE
April 27, 2022
The U.S. Department of Energy’s (DOE) Loan Programs office has issued a conditional commitment to Advanced Clean Energy Storage, Mitsubishi Power Americas, Magnum Development, and Haddington Ventures for up to $504.4 million in debt financing for the Advanced Clean Energy
U.S. Ditches Trump-Era Policies on Arctic Alaska Oil Reserve
April 26, 2022
The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management (BLM), part of the Department of Interior, resurrected Obama-era management policies in the
Shell Begins Production from PowerNap Field, Gulf of Mexico
April 26, 2022
Shell said that its subsidiary Shell Offshore has started production from the PowerNap field in the deep water of the US Gulf of Mexico. The field has been developed through a tie-back to the Shell-operated Olympus production hub in the
Greylock Energy Acquires Assets, Acreage in Uinta and Green River Basins of Utah and Wyoming
April 26, 2022
Greylock Energy has acquired significant assets and acreage in the Uinta and Green River basins of Utah and Wyoming. According to Greylock CEO Kyle Mork, the expansion includes about 1,400 producing wells and 290,000 gross acres. These new assets will
U.S. Drillers Add Oil and Gas Rigs for Fifth Week in a Row
April 25, 2022
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as relatively high prices and prodding by the government prompts drillers to return to the wellpad. The oil and gas rig count,
Shale Gas Producer BKV Launches Carbon Capture Business, Publishes Inaugural Sustainability Report
April 25, 2022
BKV Corporation (BKV), a natural gas exploration and production company, released its inaugural sustainability report. The report showcases its commitment to producing low-impact, sustainable, green natural gas. BKV is one of the top 20 natural gas producers in the United
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