TotalEnergies to Sell Interests in Absheron Gas Field to ADNOC
After the transaction closes, TotalEnergies will own a 35% interest in Absheron gas field, SOCAR 35% and ADNOC 30%. This post appeared first on Hart Energy.
Read More...Derek Lowe Appointed as New CEO/CFO of KNOT Offshore Partners
Derek Lowe replaces Gary Chapman, who served as CEO at KNOT Offshore since 2019. This post appeared first on Hart Energy.
Read More...Crescent Begins to Shine Bright After Rapid, But Quiet, Growth
Crescent Midstream CEO Jerry Ashcroft is guiding the offshore pipeline player toward carbon-neutral status by year-end. This post appeared first on Hart Energy.
Read More...ConocoPhillips Second Quarter ‘Good, Not Great’ as Production Rises, Profits Fall
ConocoPhillips posted record production in the second quarter but commodity prices fell short of analyst expectations. This post appeared first on Hart Energy.
Read More...Plains All American Bolts-on Permian Pipeline
Plains All American Pipeline LP purchased a 43% interest in Diamondback Energy’s OMOG JV LLC for $225 million. This post appeared first on Hart Energy.
Read More...Dril-Quip Acquires Great North Wellhead
Dril-Quip has acquired Great North Wellhead and its subsidiaries for approximately $80 million in an all-cash transaction. This post appeared first on Hart Energy.
Read More...The Third Mile: Chord Energy’s Longer Laterals Pay Off in Bakken
Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said. This post appeared first on Hart Energy.
Read More...Southwestern Energy Closes Non-core Utica Divestiture
Proceeds from Southwestern Energy’s Utica divesture will go towards paying off the company’s $4.05 billion debt. This post appeared first on Hart Energy.
Read More...US Drillers Cut Oil Rigs for Eighth Week in a Row: Baker Hughes
Oil rigs in the U.S. dropped to 525 this week, while gas rigs were left unchanged, ending the week at 128. This post appeared first on Hart Energy.
Read More...Vantage Plastics invests $31M to remodel Michigan facility
Standish, Mich.-based Vantage Plastics is investing $31 million to remodel a facility in Bangor Township, Mich., to meet increased demand across market segments. This post appeared first on Plastics News.
Read More...Tupperware buys more time with debt restructuring
The maker of iconic food storage containers had warned about financial problems earlier this year. This post appeared first on Plastics News.
Read More...TotalEnergies Among Investors in Zhero Europe Renewable Energy Projects
A spate of companies including TotalEnergies, Baker Hughes and Technip Energies signed a preliminary agreement to invest in Zhero Europe’s renewable energy projects. This post appeared first on Hart Energy.
Read More...Green investors see growing anti-ESG mood in plastics votes
Some high-profile plastics shareholder resolutions received less support this year at public companies, amid a pushback against environmental, social and governance measures. This post appeared first on Plastics News.
Read More...Seneca Shifts Focus to Drilling Utica Wells in Northcentral PA
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company Empire Pipeline. Yesterday, NFG issued its latest quarterly update. NFG operates on a weird fiscal year system. This latest update is for the company’s third quarter, which would be everybody else’s…
Read More...Williams Plans to Boost Transco South of MVP by 800 MMcf/d
Williams, one of the largest pipeline companies in the world, issued its second quarter update yesterday. The company reported 2Q23 net income of $515 million, up 5% from 2Q22. The company had record high gathering volumes of 18.03 Bcf/d. The company provided updates for two important Marcellus/Utica projects. (1) Williams continues constructing the Regional Energy…
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