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Ridgewood Infrastructure acquires Texan natural gas utility SiEnergy

Ridgewood Infrastructure acquires Texan natural gas utility SiEnergy

Ridgewood acquisition of SiEnergy : US infrastructure investor Ridgewood Infrastructure has acquired Texan natural gas utility SiEnergy and its affiliated entities for an undisclosed price, as per the latest downstream oil and gas news. SiEnergy is claimed to be one of the leading regulated natural gas distribution companies in Texas, catering to nearly 25,000 customers […]

Occidental Petroleum, Ecopetrol to develop Midland Basin properties

Occidental Petroleum, Ecopetrol to develop Midland Basin properties

Occidental Petroleum and Ecopetrol have announced the formation of a joint venture to develop Midland Basin properties in the Permian Basin. The joint venture will speed up the development of 97,000 net acres of Occidental’s properties in the Midland Basin. To acquire a 49% stake in the joint venture, Ecopetrol will pay $750m in cash […]

Shell takes investment decision on PowerNap deepwater project

Shell takes investment decision on PowerNap deepwater project

British-Dutch oil and gas firm Royal Dutch Shell has taken the final investment decision on the PowerNap deepwater project in the US Gulf of Mexico. Discovered by Shell in 2014, the PowerNap field is located in the south-central Mississippi Canyon area, approximately 240km from New Orleans. Expected to begin production in late 2021, PowerNap will […]

Whiting Petroleum slashes 254 jobs in restructuring move

Whiting Petroleum slashes 254 jobs in restructuring move

Whiting Petroleum, a Delaware oil and gas company, announced that it would slash its workforce by 33%, or 254 positions in a restructuring move, as per news on oil and gas jobs in Delaware. Of the total job cuts, 94 positions are executive and corporate positions. Whiting Petroleum expects to record $50 million of annual […]

New York sues ExxonMobil over alleged climate change risk fraud

New York sues ExxonMobil over alleged climate change risk fraud

New York’s attorney general has filed a lawsuit against ExxonMobil, accusing the oil and gas producer of misleading investors about the risks of climate change regulations to its business. The attorney general alleged that ExxonMobil defrauded investors by misleading them into believing that it accounted for the financial risks associated with the stringent regulations over […]

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