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PLAQUEMINES PARISH, La.— Michael Sabel and his partner, both industry novices, have made a fortune virtually overnight by building from scratch one of the world’s largest gas exporters. They have also made some powerful enemies. Here at this sprawling facility spanning about 630 acres in the wetlands outside New Orleans, Sabel said his company, Venture Global LNG , is on pace to leapfrog competitors and rival Qatar as one of the world’s top exporters of liquefied natural gas by 2030.

Persons: — Michael Sabel, Sabel Organizations: Venture Global, Qatar Locations: PLAQUEMINES, La, New Orleans

Occidental Petroleum Chief Executive Vicki Hollub cut jobs and slashed spending after the company’s last major purchase in 2019. Photo: Nick Oxford/Bloomberg NewsOccidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch. A deal for the closely held company, which could be valued well above $10 billion including debt, could come together soon assuming the talks don’t fall apart or another suitor doesn’t prevail, according to people familiar with the matter.

Persons: Vicki Hollub, Nick Oxford, doesn’t Organizations: Occidental Petroleum, Bloomberg News Occidental Petroleum Locations: Texas

☆ A Descendant of Freed Slaves, Financier Pursues Family’s $900 Million Oil Claim
▼ + stars: | 2023-11-21 | by ( Benoît Morenne | Photographs Zerb Mellish For The Wall Street Journal | ) www.wsj.com time to read: 1 min

DALLAS—At Kneeland Youngblood ’s graduation from Princeton, his grandfather told him that he had once sought to visit the campus in the 1920s but was stopped at the school’s gates because he was Black. After amassing a fortune, Youngblood donated to build a new plaza at his alma mater and had his grandfather’s name chiseled into the steps.

Persons: DALLAS, Kneeland Youngblood ’, Youngblood Organizations: Princeton

☆ An American Family Oil Dynasty Ends as Hess Sells
▼ + stars: | 2023-10-28 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

One of the first things you notice when entering the Hess Tower in downtown Houston is the original forest-green truck that Leon Hess drove around New Jersey nearly a century ago to deliver fuel. Now, the Hess name is set to disappear from the ranks of the world’s prominent oil companies. Chevron on Monday said it would acquire the family company for $53 billion, concluding a 90-year saga bookended by the gruff founding father and his gregarious son, current Chief Executive John Hess .

Persons: Leon Hess, Hess, John Hess Organizations: Hess, Chevron Locations: Houston, New Jersey

☆ Exxon, Chevron Invest in the West as Global Conflicts Increase
▼ + stars: | 2023-10-25 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

As the world becomes more dangerous, the two largest Western crude producers are focusing their investments closer to home. Chevron on Monday said that it was acquiring Hess in a $53 billion deal that gives it access to one of this century’s biggest oil finds in the South American country of Guyana and allows it to double down on shale by expanding its presence to North Dakota. Both regions are established oil producers with limited geopolitical tensions, affording Chevron new reserves with fewer risks.

Persons: Hess Organizations: Chevron Locations: American, Guyana, North Dakota

☆ Controversial CO2 Pipeline Scrapped in Midwest
▼ + stars: | 2023-10-20 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

A drilling site in Nokomis, Ill., of Navigator CO2 Ventures, which has dropped plans to build a network of CO2 pipelines across the Midwest. Photo: Nick Schnelle for The Wall Street JournalA pipeline company dropped ambitious plans to build a network of CO2 pipelines across the Midwest, delivering a victory for environmentalists and farmers who have opposed the project. Navigator CO2 Ventures said in a press release Friday that the unpredictable nature of the regulatory and government processes had led the company to nix the multibillion-dollar project.

Persons: Nick Schnelle, nix Organizations: Navigator, ., Wall, Ventures Locations: Nokomis ,

☆ Fracking Pioneer Cashes in as Twilight Sets in the Shale Patch
▼ + stars: | 2023-10-19 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Scott Sheffield transformed Pioneer Natural Resources from a fledgling outfit into one of the largest oil producers in West Texas and, until recently, put no limits on his ambition to grow. But after two weeks of negotiations, he agreed to sell his company for $60 billion to Exxon Mobil last week, the oil giant he had lapped for years in the Permian Basin.

Persons: Scott Sheffield Organizations: Natural Resources, Exxon Mobil Locations: West Texas

☆ Exxon to Buy Pioneer in $60 Billion Deal to Create Shale Giant
▼ + stars: | 2023-10-11 | by ( Collin Eaton | Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/exxon-buys-pioneer-in-60-billion-deal-to-create-shale-giant-207c168b

Persons: Dow Jones Organizations: exxon

☆ The Oil Patch Is Primed for an Era of Megadeals
▼ + stars: | 2023-10-07 | by ( Collin Eaton | Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/the-oil-patch-is-primed-for-an-era-of-megadeals-3d775398

Persons: Dow Jones

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/climate-environment/a-new-nimbyism-blocks-carbon-pipelines-bb7b8b56

Persons: Dow Jones

☆ Benoît Morenne — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-28 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Benoît MorenneBenoît Morenne is a reporter covering fracking companies and the natural-gas export industry for The Wall Street Journal in Houston. Benoît previously covered the Western U.S. as a staff writer for the Deseret News in Utah. He earlier reported for the Journal as an intern in Paris, and has frequently contributed to the WSJ’s Future of Everything sections. A French native, he began his career as a reporter in the New York Times' Paris bureau. He is a graduate of Columbia University’s Graduate School of Journalism, where he was awarded a Pulitzer Traveling Fellowship.

Persons: Benoît Organizations: Wall Street, Deseret, Journal, New York Times, Columbia University’s Graduate School of Journalism Locations: Houston, U.S, Utah, Paris

☆ Oil Is Near $100. Shale Isn’t Coming to the Rescue.
▼ + stars: | 2023-09-28 | by ( Benoît Morenne | Collin Eaton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/oil-prices-are-rising-shale-isnt-coming-to-the-rescue-83a672d

Persons: Dow Jones

☆ Rising Gasoline Prices Hit Inflation-Weary Americans
▼ + stars: | 2023-08-28 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/rising-gasoline-prices-hit-inflation-weary-americans-d816b1af

Persons: Dow Jones, d816b1af

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/americas-rise-as-an-energy-export-powerhouse-hinges-on-one-town-831518c

Persons: Dow Jones

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/this-arkansas-town-could-become-the-epicenter-of-a-u-s-lithium-boom-54ad7306

Persons: Dow Jones Locations: arkansas

Collin EatonCollin Eaton writes about the largest American oil companies and global energy issues in The Wall Street Journal's Houston bureau. Collin joined the Journal in early 2020, a few weeks before the onset of the pandemic and a historic oil-market collapse that crippled U.S. shale companies. In the aftermath, Collin covered the major strategic shifts that have changed the industry's role in the world's energy market, as well as the return of $100-a-barrel oil and record fuel prices as companies and consumers grappled with inflation. Collin previously wrote about oil and gas for Reuters and the Houston Chronicle. He began his career writing about banking and finance in Houston.

Persons: Collin Eaton Collin Eaton, Collin Organizations: Reuters, Houston Chronicle Locations: Houston

☆ The Shale Industry Is Dropping Drilling Rigs, Fast
▼ + stars: | 2023-07-17 | by ( Mari Novik | Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-shale-industry-is-dropping-drilling-rigs-fast-adb1ba0b

Persons: Dow Jones

☆ How a Houston Oilman Confounded Climate Activists and Made Billions
▼ + stars: | 2023-07-11 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/wealthiest-oilman-houston-hildebrand-climate-activism-32bb8aec

Persons: Dow Jones, hildebrand Locations: houston

☆ Gas Prices Ease for Summer Driving Season
▼ + stars: | 2023-06-16 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Gas Prices Ease as Americans Hit the Road for Summer Travel
▼ + stars: | 2023-06-16 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ The Surprising New Source of Lithium for Batteries
▼ + stars: | 2023-06-02 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-surprising-new-source-of-lithium-for-batteries-744463c4

Persons: Dow Jones

☆ Exxon Joins Hunt for Lithium in Bet on EV Boom
▼ + stars: | 2023-05-21 | by ( Benoît Morenne | Collin Eaton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/exxon-joins-hunt-for-lithium-in-bet-on-ev-boom-1d72cdd6

☆ Good News for Your Utility Bills: Gas Producers Keep Drilling
▼ + stars: | 2023-05-07 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Southwestern Energy said that new LNG terminals could tap producers for gas sooner than expected. Photo: Trevor Paulhus for The Wall Street JournalWhen natural-gas prices plummeted this winter, the conventional wisdom held that producers would dial back on drilling to help tighten supplies. But they kept right on drilling.

☆ Exxon Deal Hunt Signals Possible Shale M&A Wave
▼ + stars: | 2023-04-11 | by ( Benoît Morenne | Collin Eaton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/exxon-deal-hunt-signals-possible-shale-m-a-wave-c92c9fc

☆ Occidental Makes a Billion-Dollar Climate Moonshot—So It Can Keep Pumping Oil
▼ + stars: | 2023-04-11 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/occidental-plans-to-suck-carbon-from-the-airso-it-can-keep-pumping-oil-2990c5a

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