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U.S. Oil refiners’ Weekly Capacity Seen Up 29,000 Bpd, IIR Says

U.S. oil refiners are expected to have about 1.1 million barrels per day (bpd) of capacity offline for the week ending April 5, increasing available refining capacity by 29,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 847,000 bpd in the week ending April 12, IIR added. The …

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Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Latest Rebuff

Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt. The activist investor, the top shareholder in SilverBow, in an open letter said the company did not …

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APA Corporation completes acquisition of Callon Petroleum Company

HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) — APA Corporation (NASDAQ: APA) announced today that its acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024. “We are very pleased to close this transaction as Callon’s assets bring scale …

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Canadian Government ‘Not Interested’ in Investing in LNG Facilities, Energy Minister Says

By Reuters TORONTO, March 31 (Reuters) – Canada is not interested in subsidizing future liquefied natural gas (LNG) projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday. Countries including Greece, Germany and Japan have expressed interest in purchasing Canada’s LNG while the …

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Oil Stays Near Five-Month Highs as Tighter Supply Looms

(Reuters) – Oil prices were steady on Monday near five-month highs as markets expect tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported an improving demand outlook. Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas …

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Pandell Leadership Series: Leveraging JV Business Data to Improve Vendor Management

How to Leverage Your Business Data for Managing Vendors in an Ever-Changing World Do you have a clear line of sight on the impact vendors have on your organization? Learn how to leverage critical information held in your financial system to better navigate through the vast, evolving array of supply risks and improve your overall …

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QatarEnergy to Charter 19 New LNG Vessels Expanding Fleet Further

DOHA, March 31 (Reuters) – QatarEnergy (QATPE.UL) CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output. In a ceremony at its Doha headquarters state-owned QatarEnergy …

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Maximizing Recovery With Downhole Monitoring

How utilizing real-time downhole data can help maximize estimated ultimate recovery As our industry quickly transitions to data-driven operations we hope share about the ways that modern technology such as our real-time downhole monitoring systems can provide greater optimization and profitability. One specific benefit to this reliable real-time downhole data, is its use in helping …

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Woodside Brings in the Know-how

Woodside Energy Group CEO Meg O’Neill is relying on technical sophistication to guide the Australian giant as it takes on three challenging projects in the U.S. Gulf of Mexico.