ConocoPhillips (COP.N), Devon Energy (DVN.N), Chevron Corp (CVX.N), EOG Resources (EOG.N) and some private equity houses are all potential bidders for some or all of Shell’s Permian assets
Who will buy Shell’s Permian assets?
Top Canadian Operators Invest $50 Million NGIF Cleantech Ventures Fund
NGIF Cleantech Ventures (the Fund) completed its second close of the year earlier this month. The Fund conducted a first close of $35 million in April and in the subsequent 12 weeks raised an additional $15 million.
Shell invests in the Whale Deep-Water Development in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, today announces the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99% replicated hull and an 80% replication of the topsides from our Vito project.
Oil and Natural Gas Accounted for $18.8 Billion, 17.9% New Mexico’s Gross Domestic Product
PricewaterhouseCoopers (PwC) and based on the latest government data available, shows that New Mexico’s oil and natural gas industry added $18.8 billion to the state’s gross domestic product in 2019.
Earthstone invested $360 million in Texas acquisitions in 2021
So far in 2021, Earthstone has completed two acquisitions in the Permian Basin and announced another in the Eagle Ford Shale.
Cenovus Energy restores forest cover in caribou habitat in northeastern Alberta to better protect caribou.
Through its Caribou Habitat Restoration Project, Cenovus aims to restore more land within caribou ranges than is disturbed by the company’s activities.
Tourmaline Inks 15-Year Gas Supply Deal Cheniere (LNG)
Corpus Christi Liquefaction Stage III, LLC, a subsidiary of Cheniere Energy, Inc. LNG, recently signed a long-term gas supply agreement (GSA) with Tourmaline Oil Marketing Corp., a unit of Tourmaline Oil Corp., Canada’s largest natural gas producer.
Halliburton’s Jeff Miller (CEO) says Oil Industry in a Multi-year Up-cycle
Oilfield company Halliburton Co on Tuesday said the industry was in the early stages of a multi-year up-cycle, as activity has rebounded from pandemic lows and pricing for some of its services has inched higher.
U.S. announces new cybersecurity requirements for critical pipeline owners
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement “urgently needed protections against cyber intrusions.”
First Nation, LNG partners file project description for new project in northern B.C.
A Calgary-based group of LNG companies called Rockies LNG and Texas-based Western LNG say the project in the Nisga’a Nation could have an economic impact of $55 billion over the next 30 years.