Shawcor's potential sale of three business units would be used to "strengthen the company's balance sheet, accelerate the profitable expansion of our higher margin, less volatile composite systems and automotive and industrial segments and to return capital to shareholders as conditions permit," the company said in a release.
Restructuring operations into two business segments is expected to save $150 million, company says.
S.T.L. Resources initially appeared to win Marshland Field assets mineral leases and infrastructure in the Marcellus, but a last-minute bidder nearly upended the process.
Ruby Pipeline is a natural gas pipeline joint venture operated by Kinder Morgan that extends from Wyoming to Oregon.
PetroChina made commitments to reach carbon neutrality by 2050, 10 years ahead of China's 2060 goal, by having renewable energies consist of one-third of its portfolio by 2035.
Rockdale Marcellus, which filed for bankruptcy in September, was formed with the acquisition of Shell’s operated Marcellus properties in Tioga, Lycoming and Bradford counties in Pennsylvania.
The company will be renamed Shell PLC, losing the "Royal Dutch" title it has had for more than a century.
The company forecasted its 2022 EBITDA between C$15 billion and C$15.6 billion, higher than its 2021 expectations of C$13.9 billion to C$14.3 billion.
In September, Santos said the merger with Oil Search would better align stakeholdings in PNG’s biggest gas projects—PNG LNG and Papua LNG—that would further support investment and deliver new jobs.
NRG Energy plans to sell 4,850 MWs of assets from its East and West regions to Generation Bridge. Additionally, its board of directors authorized a $1 billion share buyback program.