Berry Corp. Ups Hedge Book During Oil Market Volatility
California and Uinta producer Berry Corp. announced steps to strengthen its hedge book and liquidity during a period of market volatility.
Paisie: Uncertain Demand Roils Oil Market Outlook
Oil could range from sub-$50 to $75, depending on how tariffs shake out.
US Crude Stockpiles Post Surprise Build as Imports Jump, EIA Says
(Reuters) – U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts’ expectations in a …
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US Natgas Futures Prices Decline on Worries About AI Power Demand Growth
(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years. Analysts have warned that the fallout from U.S. President Donald Trump’s on-again …
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Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says
(Reuters) – The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up, analytics firm Enverus said on Wednesday, even though dealmaking jumped last quarter to the second-best start to the year since 2018. The expected downturn in …
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Trump Threat Vaults Energy Policy to Center Stage in Canada Election
An unusual consensus around energy policy has emerged in the campaign ahead of Canada’s April 28 election, with the two main candidates both promising to fast track energy projects to diversify oil exports away from the United States. U.S. President Donald Trump’s tariff threats and talk of annexing Canada as the 51st state sparked a …
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Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus
Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.
Woodside Weighs Trump Tariff Impact on $1.2 Billion Louisiana LNG Project
Woodside Energy, Australia’s top gas producer, said on Wednesday it was assessing the impact of U.S. tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches towards a final go-ahead. Woodside acquired the project, formerly called Driftwood, from Tellurian for $1.2 billion last year to position itself as …
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‘Last Owner’ XMC Buys, Transforms Aging Oil and Gas Assets
XMC Strategies acquires and manages depleting oil and gas assets to transform them into sustainable energy sources.
EQT Buys Private Marcellus E&P Olympus Energy for $1.8B
EQT’s acquisition from Blackstone-backed Olympus adds 90,000 net Marcellus and Utica acres and 500 MMcf/d of production.