China’s CAS Holdings, an investment arm of China’s Academy of Science, looks to spend $2 billion on a natural gas-to-methanol plant in the state of Washington, then shipping the fuel to Chinese factories and chemical makers, Chinese executives said.
Year-old oil and gas producer Chisholm Energy Holdings, backed by a $500 million equity credit line from private equity firm (PEF) Warburg Pincus, said Thursday it signed a deal to acquire undeveloped acreage from start-up Resource Rock Exploration, backed by PEF Kayne Anderson Energy Funds.
Crude oil and natural gas production in Texas dipped slightly in September, Kallanish Energy reports. Preliminary Texas oil and natural gas production data for September shows 69,238,482 barrels of crude oil and 519.180 billion cubic feet of natural gas, said the Railroad Commission of Texas in a recent report.
The Trump administration plans to shrink two additional national monuments in Nevada and along the California-Oregon border, Kallanish Energy reports. U.S. Secretary of the Interior, in a report to President Donald Trump, called for making boundary changes at 297,000-acre Gold Butte National Monument in Nevada and 100,000-acre Cascade-Siskiyou National Monument in the Pacific Northwest.
OPEC members and “brother countries” Iraq and Saudi Arabia have signed 18 memoranda of understanding (MoUs) covering crude oil, natural gas, refining and other projects, the Iraqi oil ministry said in a statement on Wednesday.
European oil majors BP and Total could be pressured into following Shell’s recent decision to cancel scrip dividends and return to paying its dividend entirely in cash, but they are unlikely to have their ratings negatively impacted, Fitch Ratings said on Wednesday.