Crescent Energy (CRGY.N), opens new tab said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal of $905 million, further strengthening its position in the basin.
Saudi state oil giant Aramco is teaming up with the world’s largest oilfield services provider, SLB, and the world’s largest industrial gases company, Linde, to build a carbon capture and storage (CCS) hub in Saudi Arabia, which will be one of the largest such sites in the world.
Curious Minds Corner
What is the name of the process used to convert natural gas into liquid form for easier transportation?