BP, ADNOC Investment Firm Launch NatGas-Focused JV
BP and ADNOC agreed to establish a new regional gas firm, Arcius Energy, to focus on developing Egyptian gas assets.
Utica’s Encino Adds Former Marathon Director to Board
Brent J. Smolik, who most recently served on Marathon Oil’s board until its merger with ConocoPhillips, will join Encino Acquisition Partners as a director.
Freehold Closes $182MM Acquisition of Midland Basin Interests
Freehold Royalties’ acquisition from a private seller includes around 1,300 boe/d of net production and 244,000 gross drilling acres largely operated by Exxon Mobil and Diamondback Energy.
Segrist: Cooling the Reaction: Nuclear Makes Promising but Slow Comeback
Nuclear power is awesome. Nuclear power is also hard—and a long way off from displacing natural gas as the primary source for the electricity the U.S. will desperately need.
Canada’s Finance Minister Freeland Resigns from Justin Trudeau’s Cabinet – Citing at Odds With Trudeau
(Reuters) – Canada’s Finance Minister Chrystia Freeland unexpectedly resigned on Monday, saying she was no longer on the same page with Prime Minister Justin Trudeau about the best path forward for Canada. Freeland quit just hours before she was due to present a fall economic update to parliament, a document widely expected to show the …
Vitesse Energy to Buy Bakken Pureplay Lucero in $220MM Deal
Vitesse Energy will acquire Lucero Energy’s Bakken/Three Forks assets, including 25 net remaining locations, 1.9 net DUCs and 20 wells that are candidates for recompletions.
Norway Oil and Gas Industry Forecasts Record Investment in 2025
Summary Norway oil, gas firms to invest $25 bln in 2025 Investment forecasts raised since last year Inflation, accelerated development, more drilling drive increase Highest number of exploration wells since 2019 OSLO, Dec 16 (Reuters) – Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in …
Norway Oil and Gas Industry Forecasts Record Investment in 2025 Read More »
Phillips 66 Sells Stake in Gulf Coast Express for $865MM
After the sale, the ownership of the line will be split between affiliates of ArcLight Capital Partners and subsidiaries of Kinder Morgan, which owns the operating interest in the pipeline.
Phillips 66 to Sell stake in Texas Pipeline for $865 Mln
Dec 16 (Reuters) – Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. refiner on course to exceed its asset sale target. Despite a fall in refining profits, Phillips 66 has opted to …
Phillips 66 to Sell stake in Texas Pipeline for $865 Mln Read More »
Digital Twins in the Energy Industry: Transforming Operations in North America
According to a new report by GlobalData, the global digital twins market is set to hit over $150 billion by 2030. In the early days of the technology, digital twins were used in capital-intensive operations to streamline processes, save money, and control emissions. Since then, companies have seen the benefits of making digital twins of entire operations, including …
Digital Twins in the Energy Industry: Transforming Operations in North America Read More »