Upstream

Crestwood acquires Oasis Midstream Partners in $1.8 billion deal

Crestwood Equity Partners and Oasis Midstream Partners announced that they have entered into a merger agreement under which Crestwood will acquire Oasis Midstream for approximately $1.8 billion, including the assumption of debt.

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  • October 26 @ 3:18 pm

Enel Power invests over $3B in Oklahoma with new wind farm

Enel’s impact in Oklahoma includes the creation of over 130 long-term jobs and over $2 million in support for community initiatives.

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  • October 26 @ 12:55 pm

ENTOUCH joins Voltus to offer DERs

This partnership will drive economic value for customers while providing the grid with reliability and sustainability benefits.

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  • October 26 @ 6:00 am

Cheniere Energy and Glencore sign LNG deal

Under the SPA, Glencore has agreed to purchase approximately 0.8 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 13 years beginning in April 2023.

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  • October 25 @ 9:30 am

Big Oil to testify to Congress

The CEOs who will attend are ExxonMobil’s Darren Woods, BP America’s David Lawler, Chevron’s Michael Wirth and Shell President Gretchen Watkins.

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  • October 23 @ 6:30 am

Clough acquires 100% Ownership of J.J. White Incorporated

JJ White is a fourth-generation family-run business with a tradition of excellence in the Mid-Atlantic, Midwestern, & New England construction industries dating back to its founding in 1920.

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  • October 22 @ 12:49 pm

Kinder Morgan releases ESG report

In addition to reducing methane emissions from its operations, KMI pursued opportunities to address climate change by expanding its natural gas transmission and LNG businesses and investing in renewable natural gas, biodiesel, and ethanol.

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  • October 22 @ 8:52 am

Performance Proppants announces new Merryville, Louisiana, shale frac sand facility

Performance Proppants, a Louisiana-based privately owned sand mining company, announced its plans to purchase a 1,200 acre deposit in Merryville, Louisiana in order to build a new frac operations in a $10 million dollar investment.

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  • October 22 @ 6:30 am

Wendy’s, Berry Global, LyondellBasell work together to improve cup recyclability

To help advance the goal of sustainably sourcing 100% of its customer-facing packaging by 2026, Wendy’s is announcing a new collaboration with packaging and plastics industry leaders Berry Global and LyondellBasell.

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  • October 20 @ 2:46 pm

Oil price above $100 in 2022?

NYPPEX believes the Natural Resources sector is at the beginning stages of a 10-year secular trend characterized by higher prices for commodities driven by ongoing demand/supply imbalances.

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  • October 20 @ 8:52 am

Tellurian files application for new pipeline project

Tellurian Inc.’s wholly owned subsidiary Driftwood Pipeline LLC has submitted a formal application to FERC to construct and operate Line 200 and 300, an approximately 37-mile, dual 42-inch diameter interstate pipeline.

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  • October 19 @ 10:22 am

Shell may flip Convent, Louisiana, refinery into alternative energy facility

After extensively marketing the sale of Shell’s permanently idled Convent, Louisiana, refinery, and turning down bidders, the company is now considering converting the site into a low-carbon alternative energy facility.

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  • October 19 @ 6:30 am

Coal-fired electricity will increase for the first time since 2014; EIA

The U.S. electric power sector has been generating more electricity from coal-fired power plants this year as a result of significantly higher natural gas prices and relatively stable coal prices.

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  • October 18 @ 2:45 pm

Mountain Valley Pipeline to implement carbon-offset plan

The Mountain Valley Pipeline (MVP), which spans about 303 miles across West Virginia and Virginia, plans to acquire carbon offsets for its operational emissions, making it one of the first interstate natural gas transmission pipelines to do so.

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  • October 18 @ 11:41 am

DOE selects Shell for large-scale liquid hydrogen storage

A consortium of public, private and academic experts led by Shell International Exploration and Production, Inc. is pioneering an ambitious path to enable large-scale liquid hydrogen (LH2) storage for international trade applications.

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  • October 18 @ 11:11 am

DHS issues further pipeline cybersecurity requirements

Department of Homeland Security’s (DHS’) recently issued a second security directive that requires owners and operators of TSA-designated critical pipelines to implement needed protections against cyber intrusions.

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  • October 18 @ 10:50 am

MDU Resources subsidiary begins construction on pipeline project

WBI Energy Inc., a subsidiary of MDU Resources Group Inc., recently began construction on the North Bakken Expansion project in northwestern North Dakota.

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  • October 18 @ 10:25 am

Chesapeake Utilities completes RNG pipeline project

Aspire Energy of Ohio, constructed the 33.1-mile pipeline, which will transport renewable natural gas generated from the Noble Road Landfill in Shiloh, Ohio, to Aspire Energy’s pipeline system, displacing conventionally produced natural gas.

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  • October 18 @ 6:30 am

MOBIUS.energy secures $50M investment commitment from GEM

MOBIUS, the high-power battery company, will use the funds to scale up battery module production to support electric aircraft customers through a subscription model including maintenance and salvage services.

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  • October 15 @ 1:08 pm

Carbon capture could be $5 trillion industry says Oxy CEO

The carbon capture business is going to be an industry, and a big one at that, says Vicki Hollub, president and CEO of Occidental Petroleum in the latest episode of CERAWeek Conversations.

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  • October 15 @ 5:46 am

Opinion: Make American energy great again

Is anyone really surprised that OPEC+ didn’t choose action to intentionally devalue its own product in high demand?

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  • October 14 @ 8:14 am

H-Town is well positioned to be the country’s H2 hub, sources say

Officials in the city of Houston are working to set the city up as the emerging hydrogen hub of the future.

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  • October 14 @ 6:30 am

H-Town well positioned to be global H2 hub

Officials in the city of Houston are working to set the city up as the emerging hydrogen hub of the future.

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  • October 14 @ 6:30 am

First fully automated oil rig operational by Nabors

Nabors Industries Ltd., announced its PACE®-R801 – the world’s first fully automated land drilling rig – has reached total depth on its first well, a horizontal well for first well, a horizontal well for ExxonMobil in the Permian Basin.

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  • October 13 @ 9:02 am

Piñon Midstream announces Dark Horse online

Located in Lea County, New Mexico, the Dark Horse Facility brings a state-of-the-art, purpose-built sour gas treating and carbon capture facility to the Delaware Basin.

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  • October 13 @ 8:22 am

Halliburton and VoltGrid enter multi-year contract with Aethon Energy for electric fracturing solution

Houston-based Halliburton Company and VoltaGrid LLC announced they entered into a multi-year contract with Aethon Energy to deploy an advanced, all-electric fracturing solution in the Haynesville Shale.

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  • October 12 @ 10:25 am

ExxonMobil to build its first large-scale plastic waste advanced recycling facility in Baytown, Texas

ExxonMobil plans to build its first, large-scale plastic waste advanced recycling facility in Baytown, Texas, and is expected to start operations by year-end 2022.

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  • October 12 @ 9:38 am

Citizen Energy expands Mid-Continent footprint with gas-rich bolt-on acquisition

Tulsa-based Citizen Energy announced that it has entered into a definitive agreement with an undisclosed seller.

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  • October 12 @ 6:30 am

Port Houston: 2021 State of the Port

Ranked as the #1 busiest port in the nation and known as the “Energy Capital of the World,” the Port of Houston’s success can be attributed to a diversity of cargoes and balance of imports and exports, Chairman Campo said.

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  • October 11 @ 1:54 pm

Chevron to acquire NEXBASE brand, business from Neste Oyj

Chevron Global Energy Inc, a wholly owned subsidiary of Chevron Corporation, today announced that it signed an agreement with Neste Oyj to acquire its NEXBASE brand, associated qualifications and approvals, and related sales and marketing business.

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  • October 11 @ 12:20 pm

White House begins initial roll back of Trump revisions to NEPA regulations

The White House Council on Environmental Quality (CEQ) has proposed its first set of changes to the ways federal agencies regulate an enormous range of activities, including oil and gas development, under the National Environmental Policy Act (NEPA).

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  • October 11 @ 12:02 pm

CyberFuels to build fuel blending, distribution terminal

CyberFuels Inc., a wholly owned subsidiary of EncounterCare Solutions Inc., has completed a binding purchase and sale agreement in connection with the purchase of 65-plus acres of real estate at the Port of Tampa, inclusive of its ongoing business.

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  • October 11 @ 10:40 am

Clean Harbors completes acquisition of HydroChemPSC in $1.25 billion deal

Clean Harbors, Inc. announced it has acquired HydroChemPSC, a leading U.S. provider of industrial cleaning, specialty maintenance and utilities services.

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  • October 11 @ 6:30 am

Convergent Energy + Power acquires 20 MWh battery energy storage opportunity from SMT Energy

Convergent Energy + Power, a provider of energy storage solutions in North America, has acquired SMT Energy’s battery energy storage facility on Staten Island, New York.

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  • October 9 @ 6:30 am

Hyundai announces agreement with Shell for Hydrogen infrastructure development

In celebration of National Hydrogen and Fuel Cell Day for 2021, Hyundai Motor North America has joined Shell Hydrogen, to encourage growth of the hydrogen refueling infrastructure in California.

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  • October 8 @ 12:58 pm

Economic Alliance Houston Port Region announces the GCIF 2021 Industry Icon Award winner

The Economic Alliance Houston Port Region announced the 2021 Gulf Coast Industry Forum (GCIF) Industry Icon Award winner at the recent GCIF Industry Forum held at the Pasadena Convention Center.

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  • October 8 @ 10:19 am

AFPM launches new energy industry ad campaign

The American Fuel & Petrochemical Manufacturers (AFPM) has launched a seven-figure advertising campaign urging Democrats in the House of Representatives to reject new, punitive taxes aimed at U.S.-refined energy and U.S.-made plastics.

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  • October 8 @ 9:27 am

Penn Virginia closes merger with Lonestar Resources, rebranding to Ranger Oil Corporation

Penn Virginia Corporation announced it has acquired Lonestar Resources US Inc. and plans to rename the combined company Ranger Oil Corporation.

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  • October 7 @ 12:38 pm

Baker Hughes’ Subsea Drilling Systems and Akastor’s MHWirth complete merger to form HMH

The merger of Baker Hughes’ Subsea Drilling Systems business and Akastor ASA’s wholly-owned subsidiary, MHWirth AS, has been completed to form a global offshore drilling equipment company.

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  • October 7 @ 11:46 am

Phillips 66 sets reduction targets for greenhouse gas emissions

Phillips 66 announced that it intends to reduce greenhouse gas emissions intensity from its operations and energy products by 2030, setting impactful, attainable and measurable targets for the company.

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  • October 7 @ 6:30 am

ALTIVIA announces sale of its water treatment business

ALTIVIA announced that it has sold its water treatment chemical business to USALCO, LLC, a portfolio company of H.I.G. Capital.

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  • October 6 @ 8:56 am

Dow plans to build world’s first net-zero carbon emissions ethylene and derivatives complex

Dow announced its plan to build the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site with respect to scope 1 and 2 carbon dioxide emissions.

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  • October 6 @ 8:39 am

Takkion expands renewable energy solutions with acquisition

Takkion, a Dallas-based multimodal logistics operations and management services provider for the renewable energy industry, announced that it has acquired San Angelo, Texas-based Airway Services.

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  • October 6 @ 6:30 am

Oil hits multi-year highs as OPEC+ sticks to output plan

Oil prices jumped on Tuesday, with U.S. crude hitting its highest since 2014 and Brent futures climbing to a three-year high, after the OPEC+ group of producers stuck to its planned output increase rather than raising it further.

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  • October 5 @ 3:54 pm

bp investing almost $270 million at its Cherry Point refinery in Washington

bp announced plans for a $269 million investment in three projects at its Cherry Point Refinery in Washington state, aimed at improving the refinery’s efficiency, reducing its carbon dioxide emissions and increasing its renewable diesel production.

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  • October 5 @ 1:46 pm

Venture Global enters JV for Plaquemines LNG plant

Venture Global LNG recently confirmed that construction firm Zachry Group will work with engineering firm KBR Inc. in a joint venture (JV) to build the first phase of the Plaquemines LNG export plant in Louisiana.

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  • October 5 @ 1:19 pm

Jefferson, ExxonMobil execute terminal services contract

Jefferson Energy Cos., a subsidiary of Fortress Transportation and Infrastructure Investors LLC, has entered into a contract to expand terminal services to ExxonMobil Oil Corp., a wholly owned subsidiary of ExxonMobil Corp.

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  • October 5 @ 12:48 pm

Tellurian signs long-term lease with Port of Lake Charles

Tellurian Inc.’s wholly owned subsidiary Driftwood LNG LLC has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477-acre site in the Sulphur, Louisiana.

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  • October 5 @ 11:42 am