U.S. oil drilling activity hit a 29-month low last week. In the course of the past nine months, StanChart says that there has been no indication whatsoever of sustained growth in U.S. crude oil production. […]
Goldman Sachs Group Inc. has appointed John B. Hess as an independent director of its board with effect from June 24. Hess will serve on the board’s compensation, governance, and risk committees, Goldman Sachs said […]
Shell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately […]
Japan’s Mitsui & Co., Ltd. has completed the acquisition of an unconventional gas asset in Texas from Sabana, LLC and Vanna, LLC through its U.S.-based subsidiary Mitsui E&P USA LLC (MEPUSA). The asset, named Tatonka […]
US-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […]
The government of Guyana has picked Fulcrum LNG, a U.S. firm founded and led by a former senior executive at ExxonMobil, to develop the country’s natural gas resources. After scoring huge success in oil discoveries […]
Dutch and French LNG import terminals remained the top destinations for US liquefied natural gas supplies in April, as European terminals continue to receive the majority of US LNG volumes, according to the Department of Energy’s […]
US private equity firm Kimmeridge is taking a 90 percent stake in Commonwealth LNG, the developer of the 9.5 mtpa plant in Cameron, Louisiana founded by Paul Varello, who is retiring. In August last year, […]
The heavily taxpayer-funded floating offshore wind technology developed by the University of Maine at Orono and touted by the Mills Administration has failed to advance to the third round in a prize contest held by […]
After the merger and acquisition frenzy that has characterized the US upstream oil and gas business since 2020, many are left wondering who the most attractive remaining takeover targets might be. Because this spate of […]
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