The chairman of the U.S. Senate Foreign Relations Committee issued a statement on Aug. 2, along with counterparts from several European parliaments, opposing the recent agreement between Washington and Germany to allow completion of the Nord Stream 2 undersea gas pipeline.
"We consider Nord Stream 2 a geopolitical project geared towards expanding Russia's influence on Europe by dominating the energy market," Democratic Senator Bob Menendez said in the joint statement with counterparts from Estonia, Czech Republic, Ireland, Latvia, Poland, Ukraine, Britain and Lithuania.
President Joe Biden and German Chancellor Angela Merkel last month reached an agreement that allows the pipeline that will take Russian gas to Germany to proceed.
Ukraine has long opposed the nearly completed $11 billion project because it will give Moscow the theoretical option to stop routing gas via Ukraine, which would deprive Kyiv of billions of dollars in lucrative transit fees and, it says, imperil its security.
In its most recent partnership with EnCap, the Sabalo management team built a position in the Midland Basin of over 21,000 net acres, which it sold to Laredo Petroleum for $715 million in July.
Providence Resources Plc, the Irish-based energy company, said Dec. 6 that Tony O’Reilly has stepped down from the position of CEO and has resigned from the Board (and all subsidiaries) with immediate effect.
Esperanza Capital Partners was founded by oil industry veterans David M. Dunwoody Jr. and William H. Goodwin alongside an investment from Cockrell Interests to target the acquisition of energy and infrastructure assets in the U.S. Gulf of Mexico.