The joint venture between Occidental Petroleum and Berkshire Hathaway’s BHE Renewables takes shape as companies aim to meet growing demand for lithium, a key ingredient for rechargeable batteries used for electronics, energy storage and electric vehicles.
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
Three of Transocean’s harsh environment semisubmersibles have been awarded contract extensions.
Carbon capture solutions company Capsol Technologies ASA plans to list on Euronext’s Oslo Børs.
TC Energy shareholders voted in favour of spinning off the Canadian company’s liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline. The spin-off will help Calgary-based TC lower its high debt load and focus on moving natural gas. South Bow’s assets …
TC Energy Shareholders Vote to Spin off North American Oil Pipeline Business Read More »
Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent futures closed at $78 per barrel on June 3, the first day of trading following the OPEC+ ministerial meeting on …
OPEC+ Switches Strategy to Defend Market Share: Kemp Read More »
Enterprise Products Partners plans to increase the capacity of its Mont Belvieu, Texas, to Chicago area pipeline through system upgrades.
Anthony (Tony) O’Neill, who has extensive experience in the global mining industry, is joining Woodside’s board of directors.
Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia after a temporary outage on June 3, a spokesperson said on Tuesday. “The outage was caused by a minor fault that was safely resolved and production has resumed,” the spokesperson said. This temporary outage came after one of the …
Chevron Australia Confirms Full LNG Production Has Resumed at Gorgon Gas Facility Read More »
Exxon Mobil’s Permian wells manager tells Hart Energy about the successes and challenges in drilling one of the longest lateral wells in the basin.
