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Contango Completes Acquisition of ConocoPhillips’ Wind River Basin Assets for $67 Million, Wyoming
September 1, 2021
Contango Oil & Gas Company has successfully completed the acquisition of low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips. “We are excited to announce the closing of the acquisition of the Wind River Basin
U.S. House Democrat Proposes Repeal of Arctic Refuge Oil Lease
September 1, 2021
A Democratic lawmaker in the U.S. House of Representatives proposed infrastructure legislation on Tuesday that would end oil and gas leases in an Alaskan wildlife refuge while charging billions of dollars more in fees and royalties for offshore drilling elsewhere.
Hanwha Solutions Secures $260 Million Supply Contract for CNG High-pressure Tanks
August 31, 2021
Hanwha Solutions’ newly acquired tank manufacturer Hanwha Cimarron signed a deal with Texas-based energy company Sunbridge Energy Services to provide storage tanks for compressed natural gas (CNG). The 10-year, $260-million deal aims to deliver tube trailers containing dozens of vessels
Ida’s Fury Cuts Deep Into U.S. Oil Production and Gasoline Supplies
August 30, 2021
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells and nearly half its motor fuel production, and drove prices broadly higher. The storm crashed on Sunday into the Louisiana coast, tearing through U.S.
U.S. Oil and Gas Rig Count Rises for 13th Month in a Row
August 30, 2021
U.S. energy firms this week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row. The combined oil and gas rig count, an early indicator of future output, rose five in
Schlumberger Pushes COVID-19 Vaccine Disclosures as Customer Mandates Grow
August 30, 2021
Top oilfield services firm Schlumberger is asking U.S. employees to disclose their COVID-19 vaccine status and said more customers are mandating vaccinations as a condition for working on their job sites, the company said on Friday. Oil and gas companies
U.S. Energy Development Earns Certification for ESG Initiative
August 30, 2021
U.S. Energy Development Corporation has earned an ISO 14001:2015 certification for its environmental management system, which was deployed as part of the company’s commitment to advancing its environmental, social and corporate governance (ESG) efforts. ISO 14001:2015 is intended for an
BHP Approves $544 Miliion Investment to Develop Shenzi North Oil Project, Gulf of Mexico
August 27, 2021
Australia-based resources company BHP has approved $544 million investment to develop the Shenzi North oil project in the U.S. Gulf of Mexico. BHP is the operator of Shenzi North, which represents the first development phase of Greater Wildling. The project
Stonehenge Energy and UGI Acquire Pine Run Midstream for $205 Million
August 27, 2021
Pine Run Gathering has completed a transaction to acquire Pine Run Midstream from an affiliate of PennEnergy Resources and minority partners for $205 million. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources and
KKR to Acquire Sempra Energy’s Sempra Infrastructure Partners for $3.37 Billion
August 27, 2021
Sempra Energy has entered into a definitive agreement to sell a non-controlling, 20 percent interest in Sempra Energy’s new business platform, Sempra Infrastructure Partners, to KKR for $3.37 billion in cash. KKR is a leading global investment firm. This transaction
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