The agency that monitors midstream infrastructure says rule changes led to a record low number of case openings.

The oil and gas rig count rose by seven, its biggest weekly increase since December, to 544 in the week to July 18. 

The investment of an undisclosed amount was made through the recently launched Cresta Sustainable Fund II. 

Former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy, “For now, I remain one of Exxon’s largest individual shareholders and as such will consider other options.”

Chevron closed its long-awaited acquisition of Hess Corp., adding new positions offshore Guyana and in the Bakken.

The sale of BP’s U.S. onshore wind assets, which have a total generating capacity of 1.3 gigawatts, comes as part of BP’s $20 billion divestment program.

Hess prevailed in international arbitration against Exxon Mobil, clearing a path to close its $53 billion sale to Chevron. The international case focused on Hess’ ownership stake in Guyana’s Stabroek field.

The FTC voted 3-0 to set aside orders barring oil veterans John Hess and Scott Sheffield from serving on the Chevron and Exxon boards, respectively.

The FTC voted 3-0 to set aside an order barring oil veteran John Hess from serving on the Chevron board. Chevron is still working to close a $53 billion merger with Hess Corp.

Startup E&P Blackjack Natural Resources is launching with backing from Pearl Energy Investments to target M&A in the Midcontinent.