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Spartan Delta to Acquire Montney Producer Velvet Energy for $595 Million
July 29, 2021
Spartan Delta has agreed to acquire Velvet Energy, a light-oil producer in the Montney Play in Canada, for a sum of nearly C$743.4 million ($595.43 million). Velvet Energy, which is privately held, mainly operates in the Gold Creek, Pouce Coupe,
Shell Takes FID on Whale Development in Texas, Gulf of Mexico
July 29, 2021
Royal Dutch Shell’s subsidiary Shell Offshore has taken a final investment decision (FID) for the Whale development in the U.S. Gulf of Mexico. The Whale oil field will have a semi-submersible production unit that will be installed in a water
Pembina Terminates Inter Pipeline Acquisition
July 29, 2021
Pembina Pipeline Corporation has terminated the arrangement agreement with Inter Pipeline Ltd. providing for the proposed acquisition by Pembina of Inter Pipeline. In connection with the termination, Inter Pipeline has agreed to pay Pembina the C$350 million termination fee provided
Piedmont Natural Gas Acquires Spire’s CNG Fueling Station in Greer, South Carolina
July 29, 2021
Piedmont Natural Gas has acquired a compressed natural gas (CNG) fueling station in Greer, South Caroline, from St. Louis-based Spire CNG Inc. The facility is Piedmont’s 12th CNG fueling station in the company’s three-state service territory and its fourth in
Lime Rock Resources to Acquire Delaware Basin Property for $508.3 Million
July 28, 2021
Lime Rock Resources has reached a definitive agreement to acquire oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller. The transaction is expected to close on September 30. The acquired property is
Review of Federal Oil and Gas Leasing Program Nearing Completion
July 28, 2021
A highly anticipated review by the U.S. Interior Department of the federal oil and gas leasing program is undergoing final internal review and should be released “very soon,” Interior Secretary Deb Haaland told a Senate hearing on July 27. President
Shell to Acquire Inspire Energy Capital, Expanding Renewable Power Business in U.S.
July 28, 2021
Shell New Energies U.S., a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100 percent of the equity interests of Inspire Energy Capital, a renewable energy residential retailer with joint headquarters in Santa Monica, California and Philadelphia,
CNX Releases 2020 Corporate Responsibility Report, Achieves Net Carbon Negative Status
July 26, 2021
CNX Resources released of its annual Corporate Responsibility Report. The report details company execution in line with the traditional Global Reporting Initiative (GRI) core option, along with additional disclosure standards established by the Task Force on Climate-related Financial Disclosures (TCFD)
Kinder Morgan Sees Opportunities to Build New Natural Gas Pipelines in Permian and Haynesville
July 26, 2021
U.S. energy company Kinder Morgan Inc KMI.N said it sees opportunities to build new natural gas pipes in the Permian and Haynesville shale basins in a few years to meet growing demand for the fuel for export and industrial uses.
U.S. Regulator Issues Notice to Dakota Access Pipeline Over Safety Concerns
July 26, 2021
The U.S. Department of Transportation’s pipeline regulator on Thursday put the operator of the Dakota Access Pipeline (DAPL), Energy Transfer, on notice for probable violations of safety regulations and proposed a civil penalty against it. The U.S. Pipeline and Hazardous
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