BKV, CIP Enter CCUS Joint Venture with $500MM Investment
The joint venture between BKV and Copenhagen Infrastructure Partners comes after BKV entered an agreement on May 1 with Comstock Resources for CCUS projects in the Haynesville Shale.
Texas Oil Drilling Applications Hit 4-Year Low as Producers Weigh OPEC+ Hike, Trade War
(Reuters) – Oil and gas drilling permit applications in Texas, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude prices. Operators in Texas submitted 570 new drilling permit applications in April, down …
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Money Talks: BOK Financial on Bid-Ask Spread Challenges to M&A
Commodity price volatility is making it difficult to close the bid-ask spread between buyers and sellers, BOK Financial’s Cristina Stellar tells Hart Energy.
Trump Pick for EIA Administrator Advances to Full Senate
If confirmed, fossil fuel advocate Tristan Abbey would oversee the Energy Information Administration, which will not release its International Energy Outlook in 2025 due to workforce reductions.
Valaris Sells Jackup Offshore Australia to BW Energy for $108MM
Valaris Ltd. is selling its jackup VALARIS 247 to BW Energy for approximately $108 million.
White House Mandates LNG Shipments on Vessels that Don’t Yet Exist
A new Trump administration regulation requires LNG exporters to start shipping on U.S.-built ships by 2028. No ships currently qualify and could take up to five years to build.
Willams Leverages Transco Network to Boost Power in Virginia, Southeast
Williams Cos. is developing gas capacity expansion projects across the U.S., including the Transco Power Express which intends to add 950 MMcf/d of natural gas supplies to Virginia.
WhiteHawk Buys PHX Minerals for $187MM, Expands into Midcontinent
PHX Minerals agreed to sell to WhiteHawk Energy for $187 million, expanding WhiteHawk’s natural gas portfolio in the Haynesville Shale and Midcontinent.
Citigroup Must Face $1 Billion Lawsuit Claiming it Aided Mexican Oil Company Fraud
Citigroup must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday. A three-judge panel of the 11th U.S. Circuit Court of Appeals in Miami said 30 Oceanografia …
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US House Passes Bill on Trump’s Gulf of America
The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump’s executive order, though the measure is unlikely to succeed in the Senate. The House voted 211-206 to change the name of the body of water …