CorEnergy Restructures, Emerges from Chapter 11
CorEnergy Infrastructure Trust has restructured in hopes to return to positive free cash flow beginning 2025, while pursuing energy transition opportunities.
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Exxon Buys Viridien Vessel Monitoring System
Formerly known as CGG, Viridien’s Marlin vessel monitoring system will be used to support Exxon’s operations offshore Guyana.
Aramco to Source Shale Feed-gas from NextDecade’s RGLNG Train 4
Aramco looks to offtake LNG from NextDecade Corp.’s Rio Grande LNG Train 4 in Brownville, Texas. A move that will source feed-gas from the Permian and Eagle Ford.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.
NextDecade, Saudi Aramco Sign 20-Year LNG Supply Deal
(Reuters) – U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco to supply 1.2 million tonnes per annum (MTPA) of LNG for 20 years, the companies said on Thursday. The deal comes at a time when Aramco is seeking to strengthen its position in the LNG market, which is set to …
NextDecade, Saudi Aramco Sign 20-Year LNG Supply Deal Read More »
U.S. Senate Confirms Rosner, a Democrat, as Member of Federal Energy Regulatory Commission
The U.S. Senate on Wednesday confirmed David Rosner, a Democrat, as a member of the Federal Energy Regulatory Commission, and is slated to vote on the remaining two nominees this week. The Senate on Wednesday is expected to hold an initial and final vote on Lindsey See, a Republican, to be a member of the …
By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale
Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.
EQT Restarts Curtailed Gas Production, Natural Gas Intelligence News Says
EQT Corp. CEO Toby Rice announced that the Pittsburgh-headquartered company is now reinstating the 1 billion cubic feet per day (Bcf/d) that was previously curtailed since late February, Natural Gas Intelligence said in a report on Wednesday. EQT Corp., the leading producer of natural gas in North America, reduced production earlier this year due to …
EQT Restarts Curtailed Gas Production, Natural Gas Intelligence News Says Read More »
Largest U.S. Oil Trade Group to Sue to Block Biden’s EV Push
The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force …
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Exclusive: How Liberty’s ‘Improved’ Operations Transformed the Bakken’s Core
Liberty Resources II’s president and CEO Mark Pearson walks through the sale of its Bakken assets to Silver Hill Energy Partners and highlights a few M&A drivers in the play, in this Hart Energy Exclusive interview.