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Liquefied Natural Gas , Acquisitions & Divestitures , Midstream
Kinder Morgan Sells Stake in Georgia LNG Facility for $565 Million
Upon closing, Kinder Morgan and an undisclosed financial buyer will each hold a 25.5% interest in the Elba Island LNG facility in Chatham County, Georgia. Blackstone Credit will continue to hold a 49% interest.
September 27, 2022
Natural Gas , Policy & Regulations
ANG: Climate Goals Will Not Be Met on Time, Ken Hersh Says
Ken Hersh, head of the George W. Bush Presidential Center, spoke during Hart Energy’s America’s Natural Gas Conference about the current dynamics of the energy industry, climate change and world order.
September 27, 2022
Lease Sales
Marketed: Texegy Royalty Austin Chalk Minerals for Lease
Texegy Royalty retained Energy Advisors Group to market for lease its 48,000 net-acre Austin Chalk mineral position, which is an eastward extension of the Brookeland Field in Louisiana.
September 27, 2022
Exploration & Production , Markets
US Offshore Oil Output Drops as Hurricane Ian Takes Aim
Offshore oil and gas producers Chevron, BP, Occidental Petroleum and Hess on Sept. 26 said they had taken precautions ahead of Hurricane Ian’s arrival in the Gulf of Mexico.
September 27, 2022
Energy Transition , Technology
bp, Hertz Collaborate to Accelerate EV Charging in North America
bp is growing its electric vehicle business, bp pulse, within the North American continent through a memorandum of understanding with rental company Hertz.
September 27, 2022
Exploration & Production , Enhanced Oil Recovery
AI, Biosurfactants Help Drain Oil Reservoirs
Two companies have developed new ESG-friendly EOR methods to help operators produce more barrels.
September 27, 2022
Investment , Natural Gas , ESG
Special Report: All Eyes on Natural Gas Investment
Strong demand and environmental awareness draw capital to natural gas in the upstream and midstream sectors.
September 27, 2022
Exploration & Production
BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
Occidental Petroleum and Hess said they were implementing measures for facilities in the Gulf of Mexico. Murphy Oil and Equinor said they did not anticipate any impact to their operations, while Shell said it was closely monitoring the storm’s track.
September 26, 2022
Energy Transition , Shale Plays , Acquisitions & Divestitures
Riverstone-backed Montney Shale Producer Plans US Listing in SPAC Deal
The transaction, which values Hammerhead Resources at CA$1.39 billion, is expected to form a publicly traded upstream oil and gas company with a path toward achieving net-zero emissions on a Scope 1 and Scope 2 basis by 2030.
September 26, 2022
Exploration & Production , Health, Safety & Environment , Technology
Reliability Offshore at Forefront of Interior’s Well Control Rules
While the new well control rules proposed by the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) have a focus on offshore equipment reliability, some in the oil and gas industry deem the changes unneeded and pricey.
September 26, 2022