Targa Buys Back Bakken Assets After Strong 2024
Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
Oxy’s Stratos Direct Air Capture Project Nears Finish Line
Stratos Phase 1 is 94% complete overall and 98% complete on construction, Occidental Petroleum says.
Petrobras Signs on for 15 Years of LNG from Centrica
Petróleo Brasileiro SA has signed a 15-year purchase and sale agreement with British global natural gas supplier Centrica.
Trump’s Army Corps Seeks to Fast-Track 600 ‘Emergency’ Projects Through Environmental Review
Among the predominantly fossil fuel projects on the list were Enbridge’s Line 5 oil pipeline under Lake Michigan, several natural gas power plants and LNG export terminals proposed by Cheniere and Venture Global.
North Dakota Oil Output Estimated Down up to 160,000 Bpd, State Regulator Says
North Dakota oil production was estimated to be down between 130,000 and 160,000 barrels per day (bpd) as of Thursday morning due to the recent extreme cold and related operational challenges, the state’s pipeline authority said. Associated wellhead natural gas production was estimated to be down 0.37-0.45 billion cubic feet per day, said Justin Kringstad, …
North Dakota Oil Output Estimated Down up to 160,000 Bpd, State Regulator Says Read More »
Trump Says He’ll Work with Republicans in Congress to ‘dramatically’ Cut Taxes
U.S. President Donald Trump on Wednesday said he is going to work with Republicans in Congress to significantly reduce taxes for individuals and companies. “We’re going to dramatically cut taxes for families and for workers and for companies, including no tax on tips and hopefully no tax on Social Security and no tax on overtime,” …
Trump Says He’ll Work with Republicans in Congress to ‘dramatically’ Cut Taxes Read More »
Trump: We Will Fill Up the Strategic Petroleum Reserve Fast
U.S. President Donald Trump said on Wednesday his administration would quickly fill up the Strategic Petroleum Reserve, which he criticized his predecessor, former President Joe Biden, for tapping to bring down the price of gasoline.“We’ll fill it up fast,” Trump told a conference in Miami.
In a Major Shift, Japex to Prioritise Oil and Gas Investment Through 2030
Japan Petroleum Exploration (Japex) is prioritising investment in oil and gas exploration and production (E&P) through 2030 – revising an earlier plan to aggressively expand its renewables businesses, its president said. “For now, the investment focus will remain on oil and gas exploration and production… as securing a fair return from renewable energy sources such …
In a Major Shift, Japex to Prioritise Oil and Gas Investment Through 2030 Read More »
Occidental to Up Drilling in Permian Secondary Benches in ‘25
Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
EQT: Gas Demand Likely to Outpace Midstream Sector’s Ability to Supply
Most infrastructure projects being built will not come online for another year—too late for the quickening pace of gas demand.