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Targa Resources Prices $1B Senior Notes Offering
Targa Resources Corp. will use the proceeds from the offering to repay borrowings under its commercial paper note program.
The Nuclear Option: E&Ps See Promising Yield from Mobile Reactors
In the Permian Basin and elsewhere, energy players consider adding small modular reactors and microreactors to their energy supply mix as electricity demand grows.
Patterson-UTI Boosts Bottom Line with OFS Acquisitions
Less than a year out from the closing of its merger with NexTier and its acquisition of Ulterra Drilling Technologies, Patterson-UTI is taking strides not to be the latest has-been.
Prowling for Profit: Exxon Mobil Continues Low-carbon Market Chase
As Exxon Mobil sees massive profits from its upstream and refined products segments, the supermajor is bringing the full weight of its technological prowess to bear on unlocking value in low-carbon solutions.
Oxy Faces Mounting Debt as Ecopetrol Declines CrownRock Deal
Fitch Ratings and Moody’s Ratings expected an Ecopetrol deal of $3.6 billion to help Occidental Petroleum reach its $4.5 billion to $6 billion debt reduction target.
Bechtel Awarded $4.3B Contract for NextDecade’s Rio Grande Train 4
NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract.
Quantum to Buy Carlyle’s Power Producer for $3B
Managed by investment firm Carlyle, Cogentrix Energy’s platform is comprised of 5.3 gigawatts of natural gas-fired power plants, located throughout electricity servicers PJM, ERCOT and ISO-NE.
Exxon Expects 3Q Guyana Volumes to Fall by 80,000 bbl/d
Exxon Mobil is forecasting lower third quarter Guyana production by about 13% due to hook-ups related to a gas-to-energy project for mainland Guyana.
Shell Targets Start of Canadian LNG Export Project in Mid-2025
Shell expects first production to flow from Kitimat-based LNG Canada in mid-2025, the company’s CEO Wael Sawan said Aug. 1 during the company’s second quarter 2024 webcast.
Helmerich & Payne Announces New CFO J. Kevin Vann
H&P’s current CFO Mark W. Smith is set to retire Aug. 15.