North America

Liquefied Natural Gas (LNG) , Gathering & Processing

New Fortress Energy to Supply Natural Gas to CFE Power Plants in Mexico

New Fortress Energy Inc. has signed a gas supply agreement (the GSA) with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission (CFE), on March 29.

March 29, 2021

Business , Exploration & Production , Legislation , International

Mexico’s President Pitches Law That Could Suspend Oil Permits

In a new initiative by Mexican President Andrés Manuel López Obrador, a copy of which was seen by Reuters, set out a series of measures to strengthen state influence over the oil and gas industry.

March 29, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 24, 2021

Here’s a snapshot of recent energy deals including Oasis Petroleum’s $510 million midstream deal plus the acquisition of a Pioneer Natural Resources oilfield service subsidiary by oil mogul George Kaiser.

March 24, 2021

Business , Trends , Mergers

Canadian Oil Patch Braces for More M&A Activity after Record Start to 2021

The flurry of M&A deals underscores the Canadian energy sector’s desire to grow to benefit from the rebound in oil prices as global fuel demand picks up. It also reflects smaller companies betting on economies of scale.

March 23, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 17, 2021

Here’s a snapshot of recent energy deals including the closing of the $465 million acquisition of Williston Basin private operator Bruin E&P by Enerplus plus a merger agreement between Houston-based oilfield services provider Frank’s International and Expro Group.

March 17, 2021

Discoveries

Mexican President Says ‘Very Large’ Oil Find Made in Tabasco State

Lopez Obrador, who was speaking at his regular morning news conference, gave no further details.

March 12, 2021

Exploration & Production

Latin American Producers Position for Energy Transition

Executives from Ecopetrol, Petrobras and Pemex in Latin America share insight on how their companies are adjusting and the role of natural gas in the energy transition.

March 11, 2021

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

Enerplus Completes $465 Million Cash Acquisition of Bruin E&P

The acquisition of private Williston Basin operator Bruin E&P Partners included acreage contiguous with Enerplus’ tier 1 acreage position in the Bakken, Enerplus said in a January release.

March 11, 2021

Digital Oilfield , Logistics , Subsea

Sparrows Group Secures Five-Year US Deal with Major Operator

Sparrows Group, the engineering and maintenance services specialist for the global energy and industrial sectors, has secured a new five-year contract with a major oil and gas operator on March 10 to deliver crane services for seven of its onshore and offshore assets in North America, accelerating the business’ growth trajectory in the U.S.

March 11, 2021

Business , Health, Safety & Environment , Emissions

BMO Sets Net-zero Emissions Target, Cautions Against ‘Abrupt’ Change

BMO will set an intermediate target of net-zero emissions for 2030, and is also targeting a 30% reduction in greenhouse gas emissions in its operations by 2030 from a 2019 baseline, Canada’s fourth-largest lender said in a statement.

March 10, 2021