Cerilon to build $2.8B natural gas conversion plant
North Dakota has approved a $3 million loan that will go toward work on Cerilon's planned $2.8 billion...
North Dakota has approved a $3 million loan that will go toward work on Cerilon's planned $2.8 billion gas-to-liquid conversion facility in Trenton, N.D. The state expects to create thousands of construction jobs for the facility.
74% of major US oil companies now have a climate goal
Thirty-seven of the US' top 50 oil companies have put in place goals tied to climate change, according...
Thirty-seven of the US' top 50 oil companies have put in place goals tied to climate change, according to an analysis by EY. Adopting environmental, social and corporate governance goals will help oil companies attract younger talent, said Alvarez and Marsal managing director Allison Hoeinghaus.
Global oil demand to surge for rest of year, EIA says
The demand for oil across the globe will see a sharp increase for the rest of the year due to the energy...
The demand for oil across the globe will see a sharp increase for the rest of the year due to the energy crisis, said the International Energy Agency. The agency forecasts that oil demand will exceed pre-pandemic levels next year, hitting 99.6 million barrels a day.
Icahn Seeks Control of Southwest Gas after It Proceeds with Questar Pipelines Acquisition
Carl Icahn on Oct. 14 said he was trying to gain control of Southwest Gas Holdings’ board and replace...
Carl Icahn on Oct. 14 said he was trying to gain control of Southwest Gas Holdings’ board and replace its CEO, as the Nevada utility is moving forward with a planned acquisition that the billionaire activist investor says hurts shareholders.
“We are today announcing our intention to launch a proxy contest to replace the entire board and commence a tender offer for any and all common shares at $75 per share in cash,” Icahn wrote to the Southwest board in an open letter.
The stock price closed at $69.49 on Oct. 14.
In a statement late on Oct. 14, Southwest said the board will review the offer when Icahn Enterprises presents it.
Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on
Citizen Energy LLC recently landed a gas-rich, bolt-on acquisition that analysts with Enverus say will...
Citizen Energy LLC recently landed a gas-rich, bolt-on acquisition that analysts with Enverus say will boots the company’s production largely within its existing Anadarko Basin footprint by 12%.
As part of the acquisition, Citizen entered into a definitive purchase and sale agreement with an undisclosed seller to acquire 28,000 net acres (94% HBP) for $153 million. According to a company release reported this week, the acquired acreage located primarily in Oklahoma’s Blaine, Canadian, and Kingfisher counties lies largely within Citizen’s existing footprint.
“The contiguous nature of the acquisition provides an ideal opportunity for infrastructure connectivity and development continuity,” Citizen Energy said in the company release.
