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APA Divests $950 Million in Non-core Permian Basin Assets
September 11, 2024
APA Corporation has entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950 million, prior to customary closing adjustments. “Through multiple transactions completed this year, we have high graded
Methanex to Acquire OCI Global’s International Methanol Business for $2.05 Billion
September 11, 2024
Methanex Corporation has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also
Diamondback Energy Closes $26 Billion Merger with Endeavor Energy Resources
September 11, 2024
Diamondback Energy has closed its merger with Endeavor Energy Resources. “We are pleased to announce the closing of this transformative merger, creating a ‘must own’ North American independent oil company,” said Travis Stice, chairman and chief executive officer of Diamondback.
SLB Achieves Breakthrough Results With Its Direct Lithium Extraction Technology
September 11, 2024
SLB said it has proven its solution for sustainable lithium production at scale at its demonstration plant in Clayton Valley, Nevada, to accelerate responsibly-sourced lithium products to market. The proprietary integrated solution combines SLB’s subsurface expertise with surface engineering of
NETL Launches Its New Carbon Storage Planning Inquiry Tool, PlanIT
September 11, 2024
The National Energy Technology Laboratory (NETL) has launched its new carbon storage planning inquiry tool, or PlanIT, in a move to simplify carbon storage feasibility assessments by providing easy access to data from 14 authoritative sources. This interactive tool, which
Atlas Energy Solutions Appoints CEO John Turner to the Board of Directors
September 11, 2024
Atlas Energy Solutions board of directors increased the size of the board from eight members to nine and elected John Turner, the company’s current chief executive officer, to the board. “John will bring an invaluable perspective to the board through
Quantent Energy Partners Closes Haynesville Acquisition in North Louisiana
September 10, 2024
Post Oak Energy Capital has closed on an equity commitment to Quantent Energy Partners from investment funds managed by Post Oak. Simultaneously, Quantent completed its initial acquisition of natural gas assets in the Haynesville Shale. The Quantent management team has
U.S. Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine
September 10, 2024
U.S. Gulf of Mexico offshore oil and gas producers on Monday were evacuating staff and curbing drilling as Tropical Storm Francine churned through the energy region on a path to bring high winds and drenching rains to the U.S. mid-South.
Innovex and Dril-Quip Complete Merger, Creating Unique Energy Industrial Platform
September 10, 2024
Dril-Quip has completed its merger with Innovex Downhole Solutions. Dril-Quip is a a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry. Innovex is a designer and manufacturer
Vista Energy to Invest More than $1 Billion into Growing Argentina Shale
September 10, 2024
In a push to unlock more of the oil riches buried in a massive shale deposit in Argentina, Vista Energy will invest about $1.1 billion this year as it also aims to cut costs there by double digits, the firm’s
