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Addison
Hart Energy
Report: FTC Probes Hess, Diamondback, Oxy Over OPEC Communications
Investigators are looking for evidence that executives at Hess Corp., Diamonddack Energy or Occidental Petroleum attempted to collude with OPEC officials on oil market dynamics, according to a Bloomberg report.
DOE Approves Order Needed for Startup of Venture Global’s Plaquemines
Venture Global’s project is one step closer to production with the Department of Energy’s permission to export.
Energy Transition in Motion (Week of July 19, 2024)
Here is a look at some of this week’s renewable energy news, including the launch of the California hydrogen hub.
The $22.5B Deal: How ConocoPhillips Won Marathon Oil in 33 Days
ConocoPhillips didn’t show up until April 25, while two other unidentified public E&Ps were bidding for Marathon, according to a filing with the Securities & Exchange Commission.
Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.
WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?
International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.
US Court Overturns Alaska Oil Lease Sale in a Win for Environmentalists
The ruling affects a lease sale held in December 2022 of offshore tracts for oil and gas development in the Cook Inlet in the northern Gulf of Alaska.
DC Appeals Court Sends Louisiana LNG Permit Decision Back to FERC
The Washington D.C. Court of Appeals' decision follows a railroad dispute headed to the Supreme Court this fall.
US Wins $15B Arbitration Fight Over Keystone Pipeline Extension
Arbiters ruled that TC Energy had no case because NAFTA, under which the Canadian company planned the pipeline extension, was no longer in effect when the Biden administration canceled the project in 2021.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.