BP became the largest producer of RNG in the U.S. when it acquired Archaea Energy in 2022. Sykes was named CEO in 2023.
Front-month gas futures for July delivery on the New York Mercantile Exchange fell to $3.063/MMBtu in early trading on June 12 as traders reacted to the June 11 approval of the Mountain Valley Pipeline startup.
In this Hart Energy exclusive interview, PureWest's COO Kristel Franklin talks about how the private company is navigating the dismal natural gas market opposite public players.
Natural gas prices, stuck in the doldrums since January, have been slowly rising since May.
Regional banks are picking up market share and rallying the U.S. upstream sector.
CNOOC said the Lingshui 36-1 gas field has been tested to produce over 10 MMcm/d of open flow natural gas.
Kinetik Holdings’ $540 million deal will help the midstream company pay for its recently announced acquisition of Durango Permian Infrastructure.
TC Energy will spin off South Bow Corp., with its primary asset the Keystone oil pipeline, while shifting a hefty amount of TC Energy’s debt to the new company.
The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff Energy in December and agreed to purchase a 49% stake in North American energy marketing and trading firm ARM Energy Trading in February.
The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.