The Latest

Phillips 66 Director Criticizes Activist Investor Elliott Amid Proxy Battle

A boardroom battle between U.S. refiner Phillips 66 and activist investor Elliott Investment Management has intensified with a Phillips 66 independent director leveling criticisms at Elliott in an open letter to shareholders. 

Glenfarne Deal Makes Company Lead Developer of Alaska LNG Project

Glenfarne Group LLC is taking over as the lead developer of the Alaska LNG project with the acquisition of a majority interest in the project from Alaska Gasline Development Corp.

Dividends Declared in Weeks of March 17, 24

Here is a compilation of dividends declared from select upstream and midstream companies during the weeks of March 17 and March 24.

Baker Hughes Awarded Drilling Contract for Gas Storage Project in Dubai

The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment's Margham Gas project.

Tribal Nations Step Away from Enbridge’s Line 5 Process

The U.S. Army Corps of Engineers included Line 5 on a list of projects to be considered for emergency permitting. But native groups say the potential emergency designation for the project is unfair.

14 Energy Execs Send Open Letter to Canadian Government

The leaders requested the government to ease environmental regulations and encourage investments to expand the country’s energy industry.

CPP Wants to Invest Another $12.5B into Oil, Gas

The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.

Ironwood Launches Third Eagle Ford Midstream Co. After January Sale

Ironwood Midstream has launched its third iteration after having sold assets to Plains All American in January.

Elliott Sues Phillips 66 to Put Board Nominees Up for Vote

Elliott Investment Management has asked a court to order Phillips 66 to require four board seats to stand for election at its annual shareholder meeting.

Venture Global Asks FERC to Approve Calcasieu Pass Opening

Shell’s CEO says he expects an update to the company’s ongoing arbitration with Venture Global.