By Clyde Russell LAUNCESTON, Australia, June 16 (Reuters) – When tensions rise in the Middle East, it can be helpful to look at what is not happening as much as what is. In the crude oil market, this means focusing on the fact that so far not a single barrel of crude oil supply has …
COMMENTARY: What’s Not Happening to Middle East Crude Supply Matters More – Russell Read More »
June 16 (Reuters) – Mitsubishi Corp (8058.T) is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent to the …
Mitsubishi Corp in Talks for $8 Billion US Shale Acquisition, Source Says Read More »
By Kate Abnett LUXEMBOURG, June 16 (Reuters) – Hungary and Slovakia on Monday opposed a planned European Union ban on Russian gas imports, though Brussels is expected to propose the law on Tuesday, which could pass without their approval. The European Commission aims to ban EU Russian gas and liquefied natural gas (LNG) imports by …
EU Moves Ahead With Russian Gas Ban Proposal Despite Hungary, Slovakia Vetoes Read More »
By Nate Raymond Federal court friendlier venue for companies in such cases Appeal involved suits by Plaquemines and Cameron parishes June 16 (Reuters) – The U.S. Supreme Court agreed on Monday to hear a bid by Chevron (CVX.N), Exxon Mobil (XOM.N) and other oil and gas companies to have lawsuits brought by two Louisiana localities …
US Supreme Court to Hear Chevron, Exxon Appeal Over Louisiana Coastal Damage Read More »
Japan’s Mitsubishi is reportedly in talks to acquire Aethon Energy’s Haynesville assets in a deal that could be worth $8 billion.
Oil prices slipped $1/bbl on June 16 in volatile trading after reports that Iran is seeking an end to hostilities with Israel.
Asian buyers of U.S. oil and gas property “have a lower cost of capital to begin with and lower return thresholds,” an M&A advisor said. Their math on what a property is worth is different than the math U.S.-based oil and gas producers use.
Norweigian operator DNO says it’s deal to acquire Sval Energi quadruples its North Sea output.
The decommissioning of the Hoover and Diana fields south of Galveston, Texas is a first for EnerMech in the region.
Private equity firms with longtime loyalty to the oil and gas industry are raising funds that are steadily adding to their coffers, accumulating billions of dollars’ worth of dry powder.
