EPIC Crude Completes Refinancing Amid Permian Pipeline Expansion
The refinancing comes at the heels of Diamondback and Kinetik Holdings acquiring stake in EPIC’s 800-mile crude pipeline, which runs from the Permian Basin to the Gulf Coast.
Latest
IEA: North America to Lead LNG Supply Growth in 2025
U.S. LNG projects ranging from Plaquemines LNG Phase 1 to Corpus Christi Stage 3 are set to account for around three-quarters of the global incremental supply coming online in 2025, according to the Paris-based International Energy Agency (IEA).
Amazon, Google Make Dueling Nuclear Investments to Power Data Centers with Clean Energy
Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence. The plans come as the owner of the shuttered Three Mile Island nuclear …
Amazon, Google Make Dueling Nuclear Investments to Power Data Centers with Clean Energy Read More »
Marketed: BP E&P GoM ORRI Opportunity
BP Exploration & Production Inc. retained Indigo Energy Advisors for an offshore overriding royalty interest acquisition opportunity in the Gulf of Mexico and Louisiana.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
Woodside Closes $2.35B Acquisition of OCI’s Texas Ammonia Project
Woodside CEO Meg O’Neill addressed the October death of a worker at the Beaumont, Texas, ammonia project purchased from OCI NV, saying the company’s top priority is safety.
Flowserve Closes $305MM Acquisition of MOGAS Industries
Infrastructure service company Flowserve Corp. has completed its acquisition of MOGAS Industries for $305 million.
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Phillips 66 Ltd. is selling its 49% non-operated equity interest in Switzerland’s Coop Mineraloel, an operator of retail sites and petrol stations.
ESG Not Quite Dead as CCS Devs Grapple with Community Support
While economics and costs challenge some CCS projects, community engagement impacts them all.
China’s Rapid Electrification is Catching Oil Producers Off Guard
(Reuters) – Over-estimating China’s appetite for crude has been a factor in oil markets this year, especially by OPEC, and it’s a theme that looks likely to continue in coming years. The increasing shift to electricity in transport from fossil fuels and what it termed “electric mobility” is “wrong-footing oil producers,” according to the International …
China’s Rapid Electrification is Catching Oil Producers Off Guard Read More »