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Expected to start up July 2029, the project will produce the equivalent of the power consumption of approximately 60,000 homes, Consumers Energy said.
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A SIMOPRO operation refers to a complex offshore job where marine construction or installation activities are carried out while an offshore facility is producing hydrocarbons.
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Oil ticked higher after Trump warned Hamas of dire consequences if it rejects his Gaza ceasefire plan.
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Ukraine claimed an attack on Russia's Orsk oil refinery near the border with Kazakhstan.
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'We are pleased to welcome Brent Smolik to our board of directors', Clay Gaspar, President and CEO of Devon Energy, said.
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A blaze broke out at Chevron Corp.'s El Segundo refinery in Los Angeles County.
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Sable warned it would opt to divert oil flows outside California if delays continue.
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Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future in the third quarter Dallas Fed Energy Survey.
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The acquisition consists of a 40 percent operated interest in the Greater Laggan Area, a 10 percent interest in the Catcher Field, a 5.21 percent interest in the Golden Eagle Area Development, and a 100 percent interest in the Lancaster field.
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A Repsol consortium began producing oil in the Leon-Castille development offshore Louisiana, which represents the first refurbishment of a production facility in the Gulf of America.
