PE Investors Scoop Up Offshore Services Provider Acteon Group
Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.
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Gas Executives: US Pipe Dreams ‘Not Dead,’ but Challenging
Regulators could pivot as “market signals that may come may be worse than regulators are looking for,” Sempra Infrastructure’s president of LNG said.
New US Rules Seek to Curb Leaks From Drilling on Public Lands
The U.S. Interior Department finalized rules aimed at limiting methane leaks from oil and gas drilling on public lands.
Help Wanted (Badly): Attracting Workers to Energy is Becoming Difficult
Attracting workers to the energy industry is becoming a difficult job, despite forecasted growth in the industry.
Exclusive: Is TG Natural Resources Looking to Snap Up More?
At Hart Energy’s DUG Gas+ Conference and Expo in Shreveport, Louisiana, TG Natural Resources’ President and CEO Craig Jarchow said the integration of the Rockcliff Energy acquisition is well underway and that “being acquisitive is certainly” in the company’s future.
Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says
Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.
Global Freight Acceleration Will Lift Fuel Prices: Kemp
Global trade flows have showed signs of accelerating at the start of 2024, as the major industrial economies began to pull out of the slump that started in late 2022, which should boost demand for transport fuels such as diesel. Short-term activity indicators have been distorted by unusual weather patterns across North America and Europe, …
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AccuWeather Forecasts Near-Record Storms this Atlantic Hurricane Season
U.S. private forecaster AccuWeather expects an above-average 2024 Atlantic hurricane season with a near-record number of storms and a greater than usual risk of direct impacts in parts of Florida, Texas and the Carolinas, it said on Wednesday. This year’s hurricane season, potentially one of the most active in history, begins on June 1, but …
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Oil and Gas Production Decreased in the First Quarter – Dallas Fed
Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative …
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Stena Evolution Upgrade Planned for Sparta Ops
Seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.