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Equinor Secures $3B in Financing for New York’s Empire Wind 1
Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
Glass Lewis Backs Martin Midstream in Ongoing Merger Fight
Martin Resource Management Corp. is proposing to buy Martin Midstream Partners for $4.02 per common unit, with a vote scheduled for Dec. 30.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
Fervo Energy Adds $255 Million in Funding for Geothermal Projects
Fervo Energy secured $135 million in funding from Capricorn Investment and a $120 million letter of credit from Mercuria.
The Latest
E&P Highlights: Jan. 6, 2025
Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company.
Equinor Secures $3B in Financing for New York’s Empire Wind 1
Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Glass Lewis Backs Martin Midstream in Ongoing Merger Fight
Martin Resource Management Corp. is proposing to buy Martin Midstream Partners for $4.02 per common unit, with a vote scheduled for Dec. 30.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
Fervo Energy Adds $255 Million in Funding for Geothermal Projects
Fervo Energy secured $135 million in funding from Capricorn Investment and a $120 million letter of credit from Mercuria.
EY: Three Themes That Will Drive Transformational M&A in 2025
Prices, consolidation and financial firepower will push deals forward, says EY.
Reliance Exercises Four-Well Option on Transocean Rig
Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.
Hirs: The High Cost of Overreaching Regulation, Secrecy
Energy regulators have withheld critical information that’s resulted in damage to markets and competition.