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ExxonMobil Plans to Sell Certain Permian Basin Assets for $1 Billion
August 28, 2024
American energy company ExxonMobil is reportedly planning to sell certain upstream assets in the Permian Basin in the US in a move to focus on higher-growth assets. The sale could fetch $1 billion, reported Bloomberg Law. This move is part
Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage for $169M
August 28, 2024
Texas Pacific Land Corporation (TPL) has closed on two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for $169 million in cash. “Acquiring high-quality mineral interests in the northern Delaware Basin and strategic
South Dakota Supreme Court Sends Summit Carbon Solutions’ CO₂ Pipeline Ruling Back to Lower Courts
August 28, 2024
The company trying to build a carbon-capture pipeline through South Dakota has not yet proven it should be allowed to take private land for public use, according to a state Supreme Court ruling issued Thursday. Landowners who oppose the project
Pennsylvania, UMWA Launch Apprenticeship Program to Train Workers to Plug Oil and Gas Wells
August 27, 2024
The Shapiro administration and the United Mine Workers of America (UMWA) have launched a new registered apprenticeship program to train workers to plug oil and gas wells. The new program will be run out of the United Mine Workers of
New Zealand Government to Reverse Ban on Offshore Oil and Gas Exploration
August 27, 2024
The New Zealand government has announced plans to introduce legislation by the end of this year to reverse the existing ban on offshore oil and gas exploration. This move is part of efforts to address the nation’s ongoing energy shortages.
Wellube Launches Advanced Double Isolation Pipeline Stopper Technology for Enhanced Safety
August 27, 2024
Wellube, a Unique Group company, has launched its latest innovation, the Double Isolation Pipeline Stopper (DIPS). This innovative solution, developed in-house by the Wellube research and development team, marks a significant advancement in pipeline intervention and safety management. The Double
Gran Tierra to Acquire i3 Energy for $225 Million
August 26, 2024
Gran Tierra has announced a recommended and final cash and share acquisition of i3 Energy, valued at approximately $225.4 million, offering a 49 percent premium to i3 Energy’s closing price on August 16, 2024. i3 Energy has also confirmed that
Trans Mountain Corporation Makes Key Leadership Succession Appointments
August 26, 2024
Trans Mountain Corporation has made key leadership succession appointments. The company has appointed Mark Maki, currently chief financial and strategy officer, to the role of chief executive officer. Michael Davies has been appointed to the role of president and chief
Enersol to Acquire Leading Downhole Visualization Company, EV Holdings
August 26, 2024
ADNOC Drilling Company and Alpha Dhabi Holding said their joint venture Enersol has agreed to acquire a 100 percent equity stake in EV. With corporate headquarters in the United States, EV is a leading global provider of vision-based diagnostics and
SLB and Palo Alto Networks Expand Collaboration to Strengthen Cybersecurity for Energy Sector
August 26, 2024
Global energy technology company SLB and global cybersecurity leader Palo Alto Networks said they are expanding their collaboration to strengthen cybersecurity for the energy sector. The companies will combine SLB’s cloud and edge technologies and domain expertise in the energy
