TC Energy Spinoff, Oxy Warn Shareholders of Unsolicited Mini-Tender Offer
South Bow and Occidental Petroleum said the offer from TRC Capital, which seeks to purchase up to 2 million and 3 million common shares respectively, is below both companies’ current market value.
Enbridge Among Growing List of Earnings Boosted by Acquisitions
Enbridge’s utilities acquisitions and gas transport growth helped to drive earnings in the third quarter.
Dividends Declared the Week of Oct. 28
Here is a compilation of dividends declared this week for select upstream, midstream and downstream companies.
Energy Transition in Motion (Week of Oct. 25, 2024)
Here is a look at some of this week’s renewable energy news, including a U.S. Geological Survey-led study pointing to massive estimated lithium reserves in the Arkansas Smackover.
Exclusive: CCUS Industry Poised for Standardization, Cost Reduction
Worley’s Senior Director of CCUS Gary LeMaire shares insights into the “significant” role of carbon capture, utilization and storage in reaching net zero demands and regulatory uncertainties with CCUS technologies.
Dividends Declared the Week of Oct. 14
As third-quarter earnings are underway, here is a compilation of dividends declared from select upstream and midstream companies.
SLB to Sell Interests in Canada’s Palliser Block
SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash.
IEA: North America to Lead LNG Supply Growth in 2025
U.S. LNG projects ranging from Plaquemines LNG Phase 1 to Corpus Christi Stage 3 are set to account for around three-quarters of the global incremental supply coming online in 2025, according to the Paris-based International Energy Agency (IEA).
Canada Awards EverGen’s GrowTEC $2MM for RNG Project
The funding will go towards the second phase of a project at the Grow the Energy Circle (GrowTEC) biogas facility to increase production capacity to up to 120,000 gigajoules annually.
Nabors Industries to Buy Parker Wellbore for $370MM
Nabors Industries Ltd. will buy Parker Wellbore for 4.8 million shares of Nabors common stock and assume an additional $100 million in debt as OFS companies continue to consolidate following a massive wave of E&P M&A since 2023.