Northern Oil and Gas (NOG) agreed to acquire certain nonoperated working interests in the core of the Delaware Basin from Alpha Energy Partners.
Biden has warned oil companies not to use the storm as a pretext to raise gasoline prices, which spiked earlier this year after Russia's invasion of Ukraine.
Hunt Oil Co. retained EnergyNet for the sale of 4,001 contiguous, multi-bench, HBP net leasehold acres in Harrison County, Texas, through a sealed-bid offering.
The EPA this month revoked the pollution control permit for Phillips 66’s Bluewater terminal and directed the oil refiner and pipeline operator to submit a revised proposal.
“We’re in a dialogue with our allies regarding increased presence in the Norwegian [offshore] sector and have said yes to contributions from Germany, France and Britain,” Prime Minister Jonas Gahr Stoere told a news conference.
The formation of North Peak Oil & Gas, the largest leaseholder in the Wyoming D-J Basin, was made through the combination of North Silo Resources and Longs Peak Resources, two existing Juniper portfolio entities that were also jointly owned by Boomtown.
“We share the view that the future of energy is lower carbon and expect this offset-paired cargo to be the first of many as we leverage our capabilities, assets, and customer relationships to deliver energy solutions to a growing world,” Chevron U.S.A.'s John Kuehn said.
Both contracts rose by more than $1 earlier in the session but dropped on news that OPEC’s oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, according to a Reuters survey on Sept. 30.
In the third quarter, drillers added oil and gas rigs for an eighth quarter in a row but the addition of 12 rigs was the smallest increase since September 2020.
Forge Interests LP retained Detring Energy Advisors for the sale of its oil and gas overriding royalty interests (ORRI) located in the active core of the southern Delaware Basin.
Chevron is also expected to offer its northwest Gomez Field in addition to the southeast Gomez Field, which would double the size of the offering in the Delaware Basin, financial adviser EnergyNet said.
Brookfield will acquire Scout Clean Energy for approximately $1 billion and Standard Solar for approximately $540 million.
Here’s a look at some of this week’s renewable energy news, including a partnership between Tallgrass and Equinor to develop hydrogen projects in North America plus a geothermal collaboration between Chevron and Japan’s MOECO.
In a speech to mark the annexation of four Ukrainian regions invaded by Russian forces, Putin offered no evidence for the claim. Russia has previously said the U.S. would profit from attacks on Europe’s energy infrastructure.
OPEC has pumped 29.81 million bbl/d of oil this month, the survey found, up 210,000 bbl/d from August and the highest since April 2020.
"I am convinced that the cooperation...will not only contribute to the business plans of both companies but will also enable further integration of gas markets in this part of Europe," PGNiG's Iwona Waksmundzka-Olejniczak said of its deal with Lithuania's LNG terminal.
Ulrica Fearn will take a new role as CFO of Carlsberg, a Danish brewing company, after just 16 months with Equinor.
“We may well see that the LNG markets in 2023 will be rather tight, maybe tighter than this year,” said Fatih Birol in remarks at the LNG Producer-Consumer Conference in Japan.
DT Midstream will pay National Grid about $552 million in cash to acquire its 26.25% ownership interest in the Millennium Pipeline, which transports Marcellus and Utica gas to markets across New York State and New England.
“There have been observations of unauthorized drone activity at the Halfdan B oil and gas field in the North Sea,” a TotalEnergies spokesperson said in a written comment, adding the activity had been observed on Sept. 28.
Mitsubishi and the Port of Corpus Christi Authority will look into the possibility of making low-emission ammonia, produced from natural gas but eliminating emissions by capturing and storing the emitted carbon nearby, a source said.
Chronic underinvestment will lead to a tighter oil market but most E&P executives see at least some investors returning to the oil and gas market, according to the latest survey by the Federal Reserve Bank of Dallas.
Exxon Mobil is actively working with contractors to improve safety at its operations after experiencing back-to-back worker injuries.
The U.S. Treasury Department also slapped sanctions on a network of companies involved in what it said was the sale of hundreds of millions of dollars worth of Iranian petrochemical and petroleum products to users in South and East Asia.
Enbridge acquired Tri Global Energy, a leading U.S. renewable project developer headquartered in Dallas, for $270 million in cash and assumed debt plus up to approximately $50 million in contingency payments.
After establishing a working relationship through the development of the ECG system in 2020, Proserv acquired a stake in Synaptec and will add its CEO to Synaptec's board of directors.
When it comes to emissions reporting within the oil and gas industry, “we need to go at a pace that is pragmatic and feasible,” PwC’s Reid Morrison said at Hart Energy’s Energy ESG conference.