Adnoc’s bid for Santos shows oil producers are going after LNG to counter declining demand and war. By David Fickling What’s an oil producer to do when it sees its core product under threat from declining demand and a war-torn neighborhood? Just ask Abu Dhabi National Oil Co. The $19 billion all-cash bid for Australian gas …
COMMENTARY: Even Big Oil Thinks Big Oil Is Too Risky These Days – Fickling Read More »
WASHINGTON, June 16 (Reuters) – The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028, but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to a draft bill circulated on Monday. The draft released by …
US Senate Floats Full Phase-Out of Solar, Wind Energy Tax Credits by 2028 Read More »
June 16 (Reuters) – The Republican governor of South Carolina appealed to the Trump administration on Monday to leave his state out of an impending plan to increase offshore oil and gas production. The letter comes as the administration wraps up a 45-day request for public input into a federal offshore oil and gas leasing …
South Carolina’s Republican Governor Asks to be Left Out of Trump Offshore Drilling Plan Read More »
Permian Resources’ acquisition of New Mexico assets from APA Corp. includes 13,320 net acres and average production of 12,400 boe/d.
Espada Energy Partners, backed by Carnelian funds, joins a new wave of startup E&Ps hunting for M&A opportunities.
Participation in Golden Gas Service Co.’s non-binding open season for its proposed salt cavern natural gas storage project is required for later capacity bids.
Baker Hughes announced its third transaction this month—this time to acquire pressure management solutions provider Continental Disc Corp. for $540 million—as the company seeks to optimize its portfolio.
TotalEnergies acquired offshore positions from Petronas, reinforcing its strategic LNG growth platform.
By Lucia Kassai and David Marino The surge in oil futures spurred by the initial missile attacks in the Middle East last week triggered a wave of hedging by producers seeking to lock in the higher prices, keeping some traders up late into the night. AEGIS Hedging Solutions LLC, a Woodlands, Texas-based firm that helps …
Oil Price Surge Sparks Burst of Hedging Among Shale Drillers Read More »
By Lucia Kassai Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John Dimech alleges that even though his unit’s profits doubled in 2020, his …
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus Read More »
