Pietro D
Pitts
Hart Energy
Sempra Eyes Developing CCS at Port Arthur Facility
San Diego-based Sempra is eying potentially developing carbon capture and sequestration (CCS) around its Port Arthur liquefaction facility under construction and expected to start operations in 2027.
Permian Resources Closes Delaware Basin Bolt-On, Grassroots A&D
Delaware Basin pure-play Permian Resources added about 5,000 net leasehold acres and more than 3,000 royalty acres through a bolt-on deal and smaller acquisitions in the first quarter.
Oil Demand to Drop 50% in Transport by 2050, Report Says
DNV report says electrification will dominate road transport, but fossil fuel use will continue in other areas.
Sunoco Buys Terminals from Zenith Energy for $110 Million
Sunoco purchased refined product terminals from Zenith Energy for $110 million.
Enbridge Reaches Incentive Toll Agreement
The agreement seeks to provide customers with a stable toll that is preferable to competitors.
Midstream, Investors Dive into the Business of CCS Tax Credits
Midstream companies are attempting to wrap new CCS business models around their existing organizations to take advantage of lucrative tax incentives created by the Inflation Reduction Act.
HF Sinclair Offers to Buy Midstream MLP Holly Energy
A non-binding proposal by HF Sinclair to acquire midstream operator Holly Energy would mark the “end of an era” for the MLP, an analyst said.
Magellan Reports Higher Revenues to Transport Crude, Fuel in Q1
Magellan Midstream Partners also reported net income of $274 million for the first quarter 2023, compared to $166 million for the first quarter 2022.
Russian Navy Vessels Seen Near Nord Stream Before Blasts - Nordic Broadcasters Report
Russian navy ships were found to be in the area thanks to satellite images, intercepted communication.
OTC: Alaska Oil Pipeline Still Goes with the Flow
Pipeline has employed groundbreaking engineering to move oil from Alaska for 46 years.