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Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May.
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.
Battalion Oil Walks Away from Fury Resources Buyout
The Battalion Oil-Fury Resources merger had been in discussions for more than a year, but Battalion said Fury failed to meet financial deadlines to continue the talks.
Surge Closes on Divestment of Alberta Non-Core Gas Assets
Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized.
Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado.
Energy Transfer’s Lake Charles LNG Closer to FID with Chevron Deal
Energy Transfer entered a 20-year agreement to supply Chevron with 2 mtpa of LNG from its Lake Charles LNG export facility, which is awaiting a final investment decision.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
DNO, OKEA Trade Prospect Interests in Norwegian Sea
DNO picked up shares in the Mistral prospect of the Norwegian Sea while reducing its stake in the Horatio prospect.
Shell and Argentina’s YPF Agree on $50B LNG Development
Shell and YPF say they will partner to build the first LNG export project in Argentina.
Standard Lithium, Equinor Crank Up Direct Lithium Extraction Pilot Plant
SWA Lithium’s pilot plant in Arkansas is processing brine to confirm engineering design parameters, Standard Lithium says.