Energy Transition in Motion (Week of May 30, 2025)
Here is a look at some of this week’s renewable energy news, including a move by the Trump administration to fast-track geothermal projects.
EOG Digs Into the Utica With $5.6B Encino Buy
EOG Resources says the Encino Acquisition Partners transaction will be “transformative,” adding a third foundational pillar to its portfolio alongside robust holdings in the Permian Basin and Eagle Ford.
M&A Target BPX Boasts Long-Term Eagle Ford Plans
BP’s onshore U.S. shale subsidiary is under the M&A magnifying glass as it boasts ‘great returns’ in fields in South Texas.
On the Market This Week (May 26, 2025)
Here is a roundup of marketed oil and gas and mineral and royalty leaseholds for the week of May 26, 2025, in the Midland, Delaware and Denver-Julesburg basins and Marcellus and Utica shales.
US Regulators Approve Some Construction at Venture Global’s CP2 LNG Plant
U.S. regulators gave Venture Global permission on Friday to proceed with some construction activities at its proposed CP2 LNG facility in Louisiana, according to a Federal Energy Regulatory Commission document. Venture Global is proposing to build a 20 million metric tons per annum plant at Calcasieu Pass. FERC approved the plant’s entire construction last week. …
US Regulators Approve Some Construction at Venture Global’s CP2 LNG Plant Read More »
US Driving Season Starts Strongly for Oil Refiners
At least for now, the allure of cheaper gasoline appears to be outweighing concerns consumers may have about the economy. By Nathan Risser More Americans hit the road last Memorial Day weekend than a year ago. Photographer: David Paul Morris/Bloomberg The driving season in the US officially began Monday with the Memorial Day weekend. The …
US Driving Season Starts Strongly for Oil Refiners Read More »
Brookfield Eyes $3 Billion in Debt for Colonial Pipeline
By Aaron Weinman and Chunzi Xu Brookfield Asset Management Ltd. is lining up approximately $3 billion in debt financing to support its purchase of Colonial Enterprises, which operates the Colonial Pipeline in the US, according to people familiar with the matter. Morgan Stanley is leading the financing and a deal could emerge in the leveraged …
Brookfield Eyes $3 Billion in Debt for Colonial Pipeline Read More »
US Posted Record Oil Output Before Price Dip Spurred Rig Retreat
By Lucia Kassai US drillers pumped a record amount of oil in March, but the final number came in lower than government figures previously indicated. Total liquids production rose to an all-time high of 20.8 million barrels a day in March, up 3.1% from the previous month, the Energy Information Administration said Friday. The number, …
US Posted Record Oil Output Before Price Dip Spurred Rig Retreat Read More »
US Targets Geothermal Projects for Emergency Permitting
By Valerie Volcovici WASHINGTON, May 30 (Reuters) – The U.S. Department of the Interior said on Friday it was implementing emergency permitting procedures to accelerate reviews of geothermal energy projects as part of President Donald Trump’s energy agenda. The projects that will be fast-tracked include three in Nevada led by Ormat (ORA.N), which received funding …
US Targets Geothermal Projects for Emergency Permitting Read More »
OPEC+ May Discuss Oil Output Hike Larger Than 411,000 bpd for July, Sources Say
By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar OPEC+ may discuss hike larger than 411,000 bpd, sources say Eight OPEC+ members to meet online on Saturday at 0900 GMT Kazakhstan has informed OPEC it won’t cut output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 30 (Reuters) – OPEC+ may discuss an …
OPEC+ May Discuss Oil Output Hike Larger Than 411,000 bpd for July, Sources Say Read More »