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.
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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 …
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Dissecting the U.S. Methane Regulation Landscape: Key Policies and Future Direction
Exclusive insights for the Oil and Gas industry. Read Now. With ongoing international climate efforts and growing pressure to meet methane emissions reduction targets, 2025 is expected to be a crucial year for evaluating global progress in mitigating the worst effects of climate change. Building on the momentum from previous years, the U.S. remains focused …
Dissecting the U.S. Methane Regulation Landscape: Key Policies and Future Direction Read More »
Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed
To substantially increase drilling activity, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices, according to the third-quarter Kansas City Fed Energy Survey.
Construction on Kinder Morgan’s Tennessee Pipeline Delayed by Stay
An appeals court panel put two permits on hold for Kinder Morgan’s pipeline to consider the project’s implications on the Clean Water Act.