CIP Acquires Majority Stake in Elgin, Plans $315MM Investment

Copenhagen Infrastructure Partners acquired a majority stake in Elgin Energy with plans to invest  $316 million in the company.

Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition

Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.  

Enterprise Products Partners Ups Quarterly Distribution

Enterprise Products Partners said the distribution represents a 5.1% increase over first quarter 2023.

GE Vernova Completes Spin-Off from GE

GE Vernova, an energy transition company, began trading as an independent company on the New York Stock Exchange this week.

Chevron Adds to Carbon Capture Tech Portfolio with ION Investment

Chevron New Energies led a funding round that raised $45 million in Series A financing for ION Clean Energy, according to a news release.

Kinetik Holdings Enters Agreement to Pay Debt

Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.

Murphy Oil Declares Quarterly Dividend

Murphy Oil Corp.’s dividend is payable June 3 to shareholders of record by May 20.

Riley Permian to Acquire New Mexico Acreage, Launches Stock Offering

E&P Riley Exploration Permian will offer 2.1 million shares to help pay for the purchase of 12,500 net acres in Eddy County, New Mexico.

E&P Earnings Season Proves Up Stronger Efficiencies, Profits

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.

Analysts, SLB Execs See Stability in $7.7B ChampionX Deal

The acquisition of ChampionX vaults SLB’s chemical production business to No. 1 globally and orients SLB's business toward resource recovery that is less tied to price volatility.