The Latest

SLB to Acquire Majority Stake in Aker Carbon Capture

SLB and Aker Carbon Capture plan to combine their technology portfolios, expertise and operations platforms to bring carbon capture technologies to market faster and more economically, SLB said in a news release.

DUG GAS+: Chesapeake in Drill-but-don’t-turn-on Mode

COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.

Elk Range Royalties Makes Entry in Appalachia with Three-state Deal

NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.

Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up

Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.

OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business

One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.

PE Investors Scoop Up Offshore Services Provider Acteon Group

Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.

Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says

Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.

ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity

ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.

Phillips 66 Explores Sale of Pipeline Stake Worth Over $1B, Sources Say

The Rockies Express Pipeline is a 2730-km interstate natural gas pipeline stretching from Wyoming and Colorado in the West to Ohio.

Matador Stock Offering to Pay for New Permian A&D—Analyst

Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.