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Oil Shipments at Risk From Rising Sea Levels, Think Tank Warns

(Reuters) – Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world’s biggest terminals vulnerable to flooding, researchers said on Tuesday. Melting ice and swelling seas caused by rising temperatures could “unleash unstoppable multi-metre (sea level rise) which …

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Conflict-Fueled Energy Swings Aren’t Over, Woodside CEO Says

Sector continuing to see impact from Ukraine and Middle East New sources of natural gas need to aid transition: Meg O’Neill Energy markets will continue to be impacted by the Russian invasion of Ukraine and the Israel-Hamas conflict, according to Woodside Energy Group Ltd., Australia’s largest oil and gas producer “The fallout has been massive, and …

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APA Announces Over $700 Million in Asset Sales from Two Transactions for Non-Core Texas Properties

HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) announced today the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of more than $700 million, prior to customary closing adjustments. Combined, the properties represent estimated net production in the first-quarter 2024 …

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WildFire Energy Announces Eagle Ford Acquisition from Apache Corporation and Subsidiaries

Acquisition Creates the Largest Consolidated Acreage Position in the entire Eagle Ford Shale Basin HOUSTON, May 20, 2024 /PRNewswire/ — WildFire Energy I LLC (“WildFire”), today announced that it has entered into a definitive agreement for the acquisition of approximately 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from …

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Phillips 66 to Buy PE-Owned Pinnacle Midland for $550 Mln

Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and processing footprint in the Midland Basin. Oil and gas producers in the United States went on a nearly $250 billion buying spree …

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