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Baker Hughes Launches New Digital CCUS Solution CarbonEdge™
September 18, 2024
Baker Hughes has launched CarbonEdge™, powered by Cordant™, the first end-to-end, risk-based digital solution for CCUS operations that provides comprehensive support for regulatory reporting and operational risk management. With an intuitive, integrated dashboard, CarbonEdge delivers precise, real-time data and alerts
BP to Sell Stake in Trans Adriatic Pipeline to Apollo Funds for $1 Billion
September 18, 2024
bp and Apollo have entered into an agreement for Apollo-managed funds to purchase a non-controlling stake in bp Pipelines TAP Limited, the bp subsidiary that holds a 20 percent share in Trans Adriatic Pipeline (TAP) in a transaction valued at
Mexico’s President-elect Sheinbaum Names Victor Rodriguez Padilla as CEO of PEMEX
September 18, 2024
Mexico’s President-elect Claudia Sheinbaum appointed energy economist Victor Rodriguez Padilla to lead state-owned oil driller and refiner Petroleos Mexicanos (PEMEX) as her administration looks to revive the company’s flagging production and trim its nearly $100 billion debt burden. Sheinbaum tapped
Permian Resources Closes Bolt-On Acquisition of Oxy’s Core Delaware Basin Assets
September 17, 2024
Permian Resources has closed on it acquisition of certain leasehold and royalty interests and related midstream infrastructure from Occidental. The acquired assets consist of ~29,500 net acres, ~9,900 net royalty acres and substantial midstream infrastructure primarily located offset the company’s
TransTech Group Acquires North American Business of Koch Heat Transfer
September 17, 2024
TransTech Group, a leading portfolio company of Bridge Industries, has acquired the North American business of Koch Heat Transfer (KHT). Koch is a global leader in the design and manufacture of heat transfer equipment and technologies, by its subsidiary Metalforms.
12 Democrats Warn Biden’s Natural Gas Freeze Could End Up Undermining Ukraine, Eastern Europe
September 17, 2024
A dozen House Democrats wrote to President Joe Biden on Friday, urging him to “prioritize and expedite” reviews for natural gas export terminals that will send fuel to Ukraine despite the administration’s pause on new approvals for export hubs. The
DOE Releases $15 Million FOA to Reduce Methane Emissions from Oil and Gas Sector
September 16, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has announced up to $15 million in federal funding to support research and development (R&D) projects that help reduce methane emissions from undocumented orphaned oil and
Federal District Court Rules in Favor of Oil and Gas Industry Over BLM’s Gas Flaring Rules
September 16, 2024
Governor Mark Gordon is praising a ruling last week in Federal District Court in North Dakota that challenges the Bureau of Land Management’s gas flaring rules. “This is a great first step and an extremely positive indication that our legal
Blackline Safety Advances Early Threat Detection with Launch of Next-Gen EXO 8
September 16, 2024
Blackline Safety has launched a next generation connected area monitor that advances gas detection and early threat identification for companies and first-responders. The new EXO 8 portable area monitor is the only direct-to-cloud area monitor capable of detecting up to
Mantel Secures $30 Million to Commercially Deploy Its Carbon Capture System
September 13, 2024
Mantel Capture has raised $30 million in series A funding co-led by Shell Ventures and Eni Next. The funding will be used to implement a demonstration project at an industrial site and help pave the way for full-scale commercial deployment
