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One Equity Partners to Acquire EthosEnergy
August 30, 2024
One Equity Partners (OEP) has agreed to acquire EthosEnergy. EthosEnergy is a global independent service provider focusing on rotating equipment for customers in the power generation, energy, industrial, and aerospace, and defense markets. “EthosEnergy is uniquely positioned to meet the
Shell to Sell Sinco Pipeline System and Colex Terminal to Edgewater Midstream
August 30, 2024
Shell Pipeline Company and Triton West, respective subsidiaries of Shell USA, have agreed to sell their 100 percent interest in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream, pending regulatory approval. “This sale follows our
SPATCO Energy Solutions Acquires Blue1 Energy Equipment
August 30, 2024
SPATCO Energy Solutions has completed the acquisition of Blue1 Energy Equipment. Blue1 is a leading manufacturer of DEF storage and dispensing equipment located in Greenville, SC. Blue1 provides a range of equipment and services to petroleum, EV, commercial, and industrial
Chevron Builds on CCS Portfolio with Greenhouse Gas Assessment Permit, Offshore Australia
August 30, 2024
Chevron Corporation, through its subsidiary Chevron Australia New Ventures, has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia. The permit award provides further opportunity for Chevron to deliver on its strategy of safely delivering lower carbon energy
Hunting Secures Contracts for OOR Services to North Sea Operators
August 30, 2024
Hunting has secured significant organic oil recovery (OOR) contracts to support major North Sea operators. The contracts are worth up to $60 million over a five-year period. The OOR process is a proven enhanced oil recovery (EOR) technology which optimizes
Superior Energy Services Appoints Dave Lesar as Chairman and CEO, James Brown as President and COO
August 30, 2024
Superior Energy Services has appointed Dave Lesar as chairman of the board of directors and chief executive officer. Brian Moore, president and CEO, stepped down from his positions on August 19. “This is an exciting time to be returning to
ONEOK to Acquire Medallion Midstream and Controlling Stake in EnLink Midstream for $5.9 Billion
August 29, 2024
ONEOK has executed a definitive agreement with Global Infrastructure Partners (GIP) where ONEOK will acquire GIP’s entire interest in EnLink Midstream. The agreement consists of 43 percent of EnLink’s outstanding common units for $14.90 per unit and 100 percent of
Biden Admin Locks in Major Restrictions on Oil, Gas, and Mining in Alaska
August 29, 2024
The Biden administration finalized major restrictions on 28 million acres of Alaskan land on Tuesday. The Department of the Interior (DOI) announced that it is retaining protections from mining and drilling on the 28 million acres, reversing the Trump administration’s
Geospace Technologies Sells Seismic Data Nodes to SAExploration
August 29, 2024
Geospace Technologies Corporation has sold its OBX-750E seabed ocean bottom wireless seismic data acquisition nodes to SAExploration. Based on current contract terms, the value of the agreement is estimated at $10.5 million. SAExploration exercised an option in the company’s rental
Shell and Akselos Sign Enterprise Agreement for Structural Performance Management
August 29, 2024
Akselos has entered into a strategic enterprise agreement with Shell Information Technology International. The new agreement between Akselos and Shell will extend successful projects with Shell Pearl GTL in Qatar, Shell Scotford in Canada, the Bonga FPSO, and various deployments
