BP to Develop $2.9B Compression Project in Azerbaijan Gas Field
BP also has plans to develop linked solar and terminal electrification projects.
EPCOR Completes Sale of Texas Gas, Transmission Business Near Houston
EPCOR USA Inc. completed the sale of its Texas gas utility and transmission business north of Houston to a subsidiary of Northwest Natural Holding Co.
Who’s Next in Ohio Utica M&A Deal-Making?
EOG Resources’ deal to buy Encino Energy leaves 40% of Ohio’s oil output up for M&A grabs as well as nearly 5 Bcf/d of gas and NGL output, according to a Hart Energy analysis of Ohio production data.
Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG
Alaska LNG can deliver LNG into Asia at a lower cost than Henry Hub pricing from the U.S. Gulf Coast ANCHORAGE, Alaska & NEW YORK–(BUSINESS WIRE)–#Alaska–Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline …
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How Canada’s Wildfires are Affecting Oil Supply
Wildfires burning in Canada’s oil-producing province of Alberta have reduced the country’s daily crude production by about 7%. Here is a tally of affected oil production sites so far: CENOVUS ENERGY – CHRISTINA LAKE SITE: Oil sands producer Cenovus evacuated non-essential workers from its Christina Lake site south of Fort McMurray, Alberta on May 29 and …
Trump to Replace FERC Leader with Vinson & Elkins Attorney Laura Swett
The move may reflect the White House’s emphasis on midstream projects.
Venture Global Breaks Ground on CP2 LNG Facility
Venture Global’s Calcasieu Pass 2 LNG export facility positions the company to become the top U.S. LNG exporter.
Exxon-Led Consortium’s 2024 Profit in Guyana Rose 64% to $10.4B
The profit of a consortium by oil producers Exxon Mobil, Hess and CNOOC in Guyana increased 64% last year to $10.4 billion, Exxon said on June 3, amid facility updates that allowed a sustained expansion of output.
PureWest, Gunvor Group Form Low-Carbon Gas Partnership
Gunvor will offtake PureWest’s third-party verified, low-carbon natural gas attributes, which may be unbundled or bundled with physical gas, a news release says.
Carlos Slim Is Quietly Becoming Pemex’s Partner of Last Resort
By Amy Stillman, Scott Squires, and Andrea Navarro Carlos Slim Photographer: Luis Antonio Rojas/Bloomberg The transformation of Mexico’s richest person into its most important oil baron came about slowly, almost subtly. Carlos Slim built up a stake in Talos Energy Inc. before flipping it for the company’s Mexican unit. There was a 2023 deal for …
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