Talen Energy Considers Alternative Data Center Power Deals After Regulator Push-Back
Independent U.S. power producers like Talen have seen a surge in interest over the last year — propelling shares of the companies to record highs
Oil Prices Rise on Support from US-China Trade Hopes
Summary • Crude prices supported by impending US-China talks • Brent prices could drop to $50 if US-Iran deal occurs – Citi LONDON, May 8 (Reuters) – Oil prices rose over 1% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the United States and China, the world’s two largest oil …
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US Sanctions on China Refiners Over Iran Oil Disrupt Operations
Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington’s stepped-up pressure is inflicting on Tehran’s biggest oil buyer. The targeting of independent refiners, known as teapots, …
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FLNG Floats into its Niche, Sparing Production Headaches
While floating LNG projects can’t match the production of land-based sites, the sector is still growing because of the convenience it offers operators, says a developer at Black & Veatch.
What Went Wrong for BP? Why the Oil Major Hit Reset
It’s been almost 25 years since BP Plc attempted to rebrand itself as “Beyond Petroleum” and adopt a more environmentally friendly image. But with a recent swing away from green energy toward its fossil fuel roots, “Back to Petroleum” might be a more appropriate tag line. The shift comes as BP lags significantly behind its …
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BP-Shell Megadeal Would Create European Rival to Exxon Mobil
If Shell acquires BP, it would create a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp., with upstream oil and gas production of nearly 5 million barrels of oil equivalent a day. Summary by Bloomberg AI The deal would give Shell dominance in LNG sales, with combined sales jumping …
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Ukrainian Parliament Ratifies Natural Resources Deal With US
Ukraine’s parliament ratified a deal with the US over access to the country’s natural resources, lending its full support to attempts by President Volodymyr Zelenskiy to improve ties with Donald Trump. Ukraine and the US reached the accord a week ago after long negotiations that led Washington to drop its insistence on getting back billions of dollars in aid delivered …
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KKR-Backed Crescent Energy Weighs Asset Sales to Focus on Eagle Ford, Uinta Basins
Photographer: Anthony Prieto/Bloomberg Crescent Energy Co. is looking to sell its drilling portfolio in areas including the Denver-Julesburg Basin in Colorado to focus on its core acreage in the Eagle Ford and Uinta basins. Summary by Bloomberg AI The divestment could fetch more than $1 billion, but no final decision has been made and Crescent …
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Post Oak’s Permian Roots Grow Deeper with $480MM in ’24 Minerals M&A
Post Oak Energy Capital was early to invest in M&R as a standalone asset class. Today, it manages 85,000 net royalty acres.
Kolibri Global Energy Drilling Oklahoma Wells 25% Faster
Kolibri Global Energy Inc. drilled 1.5-mile lateral wells in the Oklahoma SCOOP’s Lovina Field in less than 10.5 days on average, down from 14 days for earlier wells.