Category: USA

Atlas and Kodiak Ink Deal for Autonomous Trucking Technology

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(Atlas Energy, 23.Jul.2024) — Atlas Energy Solutions Inc. and Kodiak Robotics, Inc. announced that the two companies have entered into an agreement whereby Kodiak will outfit new Atlas high-capacity trucks with Kodiak’s autonomous driving technology. The two companies have already completed their first driverless delivery of frac sand in West […]

OXY Announces Commencement of Exchange Offer for CrownRock Notes

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(Occidental, 19.Jul.2024) — Occidental announced that it has commenced a private exchange offer to certain eligible holders (the “Exchange Offer”) for any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes […]

Tellurian to be Acquired by Woodside for Approximately $900mn

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(Tellurian, 21.Jul.2024) — Tellurian Inc. has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd pursuant to which Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share in an all-cash transaction. “This transaction provides substantial and certain value for our shareholders. Following our […]

Kinder Morgan Reports 2Q:24 Financial Results

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(Kinder Morgan, 17.Jul.2024) — Kinder Morgan, Inc.’s board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on 15 Aug. 2024 to stockholders of record as of the close of business on 31 July 2024. This dividend is a 2% increase […]

Energy Transfer and Sunoco Announce Strategic Permian JV

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(Energy Transfer, 16.Jul.2024) – Energy Transfer LP and Sunoco LP announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water […]

TGS Announces Early Access to Gulf Coast Storage Assessment

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(TGS, 15 July 2024) – TGS announces early access to a comprehensive carbon storage assessment dataset along the Texas and Louisiana Gulf Coast, covering the available GLO lease blocks. This evaluation will help prospective bidders maximize their bid accuracy, optimize project costs and drive sustainable growth in the CCS sector. […]

Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s

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(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]

Honeywell to By Air Products’ LNG Process Technology

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(Air Products, 10.Jul.2024) — Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81bn in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. As a result of the acquisition, Honeywell will be able to offer customers a comprehensive, […]

Pennybacker Acquires Miami LNG Business

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(Pennybacker Capital, 9.Jul.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. Financial terms were not disclosed. The transaction is expected to close in the third quarter of […]

Exxon Mobil Signals 2Q Earnings hit from Refining Margins

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(Reuters, 8.Jul.2024) — Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major’s second-quarter earnings. The oil major would be reporting its first earnings after closing the acquisition of Pioneer Natural Resources for $60 billion, with the combined operations making it the […]

Devon Announces $5bn Strategic Acquisition in the Williston

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(Devon Energy, 8.Jul.2024) — Devon Energy has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5bn, consisting of $3.25bn of cash and $1.75bn of stock to the sellers. The transaction is subject to customary terms and conditions, […]

ExxonMobil Shuts Hoover Platform as Beryl Approaches

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(ExxonMobil, 7.Jul.2024) — As we prepare for severe weather that may impact our Gulf of Mexico operations, our primary focus is the safety of our workforce and communities in the affected areas. We continue to meet customer commitments. For the latest developments on Beryl, please visit the National Hurricane Center website. […]

Corpus Christi Port Readies for Arrival of Beryl Impact

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(Port of Corpus Christi, 5.Jul.2024) — Anticipating the landfall of Hurricane Beryl on the Texas Gulf Coast, the Port of Corpus Christi has increased its Hurricane Readiness Status to Hurricane Readiness Level 2 (High Readiness), in accordance with its 2024 Hurricane Readiness Plan. The Port continues to monitor possible impact scenarios for Hurricane […]

Kosmos Announces First Oil Production at Winterfell in the U.S. GOM

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(Kosmos, 3.Jul.2024) — Kosmos Energy Ltd. announced the successful start-up of oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico. Winterfell (Kosmos 25.04% working interest) is a phased development with the initial two production wells of the first phase now online and ramping up production. A […]

Kosmos Starts Oil Production at Winterfell in the U.S. GOM

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(Kosmos Energy, 3.Jul.2024) — Kosmos Energy Ltd. announced the successful start-up of oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico. Winterfell (Kosmos 25.04% working interest) is a phased development with the initial two production wells of the first phase now online and ramping up production. […]

SLB updates on planned ChampionX acquisition

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HOUSTON, TEXAS (By Ian Silverman, Energy Analytics Institiute, 2.Jul.2024, Words: 108) — SLB and ChampionX have each received a request for additional information, a second request, from the U.S. Department of Justice (DoJ) in connection with the agency’s review of SLB’s earlier announced plans to acquired ChampionX. SLB expects the […]

New Fortress to Sell Miami Liquefaction and Storage Facility

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(New Fortress, 1.Jul.2024) — New Fortress Energy Inc. has entered into a definitive agreement to sell its liquefaction and storage facility in Miami, Florida to a U.S. middle-market infrastructure fund. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions. The Miami […]

US judge halts Biden administration’s pause on LNG permits

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WASHINGTON, DC (By Reuters, 1.Jul.2024, Words: 350) — A federal judge on Monday dealt President Joe Biden’s climate agenda a setback by blocking the Democrat’s administration from continuing to pause the approval of applications to export liquefied natural gas (LNG). U.S. District Judge James Cain in Lake Charles, Louisiana, sided with 16 Republican-led […]

NextDecade Subsidiary RGLNG Issues $1.1bn Senior Notes Due 2047

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(NextDecade, 1.Jul.2024) — NextDecade Corporation’s subsidiary Rio Grande LNG, LLC issued $1.115bn of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG’s […]

Tellurian Closes $260mn Asset Sale, Retires Senior Secured Debt

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(Tellurian, 1.Jul.2024) — Tellurian Inc. closed the previously reported sale of its integrated upstream assets for $260mn to affiliates of Aethon Energy Management LLC, fulfilling a key objective outlined in May and substantially strengthening its balance sheet as it advances the Driftwood liquefied natural gas (LNG) project. The company utilized […]

Aethon Completes Purchase of Tellurian Upstream, Midstream Assets

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(Aethon, 1.Jul.2024) — Aethon Energy Management LLC successfully closed on the acquisition of Tellurian’s integrated upstream assets. Aethon’s footprint across its Fund II and Fund III assets in the Haynesville Shale now includes approximately 375,000 net acres with gathering and treating capacity of over 3 Bcf/d. Concurrent with the acquisition, […]

Eni Inks Deal to Sell Upstream Assets in Alaska

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(Eni, 27.Jun.2024) — Eni inked a binding agreement with Hilcorp, one of the largest US private company with extensive experience operating in Alaska, for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska.  This transaction is consistent with Eni’s strategy focused on the rationalization of […]

FERC Approves Venture Global’s CP2 LNG

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(Venture Global, 27.Jun.2024) — Venture Global issued the following statement on the Federal Energy Regulatory Commission’s (FERC) approval of CP2 LNG, the company’s third export facility. “Venture Global applauds the Commission and FERC staff for their independent and thorough review and approval of CP2 LNG,” said Mike Sabel, CEO of Venture Global […]

Oceaneering Awarded Multiple Contracts for Vessel Services in the US GOM

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(Oceaneering, 27.Jun.2024) — Oceaneering International, Inc. announced that its Offshore Projects Group (OPG) segment has been awarded multiple contractual agreements for vessel services with global energy companies, covering operations in the Gulf of Mexico. The scope of work under the first contract includes a mix of basic and heavy inspection, maintenance, […]

TXO Partners Announces Pricing of Upsized Public Offering

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(TXO, 26.Jun.2024) — TXO Partners, L.P. (NYSE: TXO) announced the pricing of its public offering of 6,500,000 common units representing limited partner interests in TXO (the “common units”) at price to the public of $20.00 per common unit. The offering size was increased from the previously announced offering size of 5,000,000 […]

ExxonMobil and EV battery maker SK On Ink MOU

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(ExxonMobil, 25.Jun.2024) — ExxonMobil signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of MobilTM Lithium from the company’s first planned project in Arkansas. SK On plans to […]

TXO Partners Commences Underwritten Public Offering

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(TXO Partners, 25.Jun.2024) — TXO Partners, L.P. (NYSE: TXO) announced, subject to market and other conditions, the commencement of an underwritten public offering of 5,000,000 common units representing limited partner interests in TXO (the “common units”). TXO expects to grant the underwriters a 30 day option to purchase up to an […]

ExxonMobil adds Air Liquide to Low-carbon Hydrogen Project

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(ExxonMobil, 24.Jun.2024) — ExxonMobil and Air Liquide announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility. The agreement will enable transportation of low-carbon hydrogen through Air Liquide’s existing pipeline network. Additionally, Air Liquide will build and operate four Large Modular Air separation […]

ExxonMobil to Sponsor Porsche Carrera Cup North America Series

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(Exxon, 20.Jun.2024) — The impressive field of Porsche 911 GT3 Cup racers competing in the Porsche Carrera Cup North America championship are now fueled by ExxonMobil’s Synergy Supreme+ premium gasoline – the same fuel available at the pump at gas stations across North America. ExxonMobil’s debut as the official fuel for […]

TGS Announces Initiative to Enhance Market Insights

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(TGS, 18.Jun.2024) — TGS is launching a new initiative to enhance market insights in U.S. offshore wind. This initiative aims to establish its flagship product, 4C Offshore, as the leading source for offshore wind and subsea cable market intelligence in this emerging market. As part of this expansion, TGS has […]

TGS Releases Dynamic Matching FWI Volume for West Kermit 3D

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(TGS, 17.Jun.2024) — TGS released the Dynamic Matching FWI (DM FWI) volume for West Kermit 3D in the Delaware Basin. The final new data volumes include time reprocessing and a fully integrated depth model, featuring diving wave and reflection DM FWI. The West Kermit 3D seismic survey spans 1,054 sq […]

Energy Transfer Submits HSR Act Filing In Connection With WTG Acquisition

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(Energy Transfer, 17.Jun.2024) — Energy Transfer LP (NYSE: ET) recently submitted its premerger notification filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with its previously announced acquisition of WTG Midstream Holdings LLC. In addition, Energy Transfer announced that the 20% interest in the BANGL […]

New Lithium Sampling Tool Will Help Find More Lithium

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(Zelandez, 17.Jun.2024) — Zelandez, a provider of technology to the lithium brine industry, announced the availability of its new Borehole Formation Tester (BFT) to lithium developers worldwide. The slimmest pump-through formation tester ever made has been delivered to the lithium sector.The advanced tool can analyze fluid underground in real-time and […]

TGS and PetroAI Announce Strategic Partnership

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(TGS, 15 Jun.2024) – TGS announced a strategic partnership with PetroAI. This collaboration aims to provide E&P companies with an integrated solution that allows users to access TGS’s licensed data via the PetroAI platform. By leveraging PetroAI’s advanced AI models, this partnership enhances the ability to accurately quantify exploration and […]

WÀrtsilÀ Introduces New Connector Module for Engine Power Plants

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(Wartsila, 14.Jun.2024) — Technology group WĂ€rtsilĂ€ introduces Wartsila Connector Module, an enhanced engine auxiliary module design for Wartsila’s proven 18V50SG Engine Power Plants. The new WĂ€rtsilĂ€ Connector Module is a significant advancement in engineering, offering substantial improvements in the construction, installation, and commissioning processes for engine power plants. The new […]

Aramco and NextDecade execute HoA for Rio Grande LNG (RGLNG)

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BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 13.Jun.2024) — The respective subsidiaries of Aramco and NextDecade Corporation executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4 at the Rio Grande LNG (RGLNG) facility at the Port […]