Seatrium Limited has announced the sale of its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC, an affiliate of Karpowership, for S$65 million. The divestment, executed through subsidiary Seatrium AmFELS, Inc., is part of the company’s strategy to streamline operations, boost capital efficiency, and unlock value from surplus assets.
The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.
The low pressure weather system is bringing bitter cold from Texas to North Carolina, causing disruptions to passenger rail travel and airline flights throughout the region as snow sweeps across the US South.
Eni SpA has wrapped up construction for the company’s largest battery storage system, the 200-megawatt Guajillo plant in Webb County, Texas.
The energy company, Houston-based W&T Offshore, is asking a federal judge to declare insurers have colluded to damage the company by jointly demanding additional collateral and premiums.
After a century and a half of oil and gas production in the United States, the nonprofit environmental watchdog Climate Tracker published a sobering report in 2020: Some 2.6 million unplugged onshore wells lay scattered across the country.
The $100m transaction encompasses around 265 wells.
Four projects were planned offshore Texas before multiple crises hit the industry in the 2020s and changed trade oil flows.
The first approval of a Texas deepwater port came earlier this month when the United States Maritime Administration (MARAD) issued the deepwater port license for the Sea Port Oil Terminal.
EIA: the Netherlands received more U.S. crude oil exports than any other country in 2023, averaging 652,000 bpd.
TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the U.S. LNG value chain.
According to the WSJ, some drillers are building gas-power plants and using the gas that would have been otherwise flared to generate the electricity they need to power their machinery.
Oil producers in Texas, New Mexico, and North Dakota are contributing to a substantial increase in electricity sales.
Grid constraints have emerged as one of the biggest obstacles to the transition of the United States from a hydrocarbon-powered to an electricity-powered economy.