U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and …
U.S. Oil and Gas M&A Hits Quarterly Record After Blockbuster 2023 Read More »
Glenfarne Group LLC’s proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Oil Is Shedding Its Mideast Fear Premium Too Fast Benchmark Brent futures are back below $87 a barrel, but the conflict continues posing risks to supply. Bloomberg Oil markets are relinquishing the Middle East risk premium that nearly propelled prices to $100 a barrel. The shift is a sign of maturity — but also complacency. It still seems incredible that, …
Oil Is Shedding Its Mideast Fear Premium Too Fast Read More »
Oklahoma study shows anti-ESG law has caused higher debt costs The state’s house is considering the Republican-backed bill Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with. A Republican-introduced bill that would narrow the scope of a state law that blacklisted financial firms for their restrictions …
Republicans Weigh Rolling Back Anti-ESG Law They Passed Read More »
By Clyde Russell (Reuters) – China’s dominance of global electric vehicle production and sales is an established fact, but a new International Energy Agency (IEA) report points to the country extending its influence in autos across the fast-growing economies of Asia. The IEA’s Global Electric Vehicle (EV) Outlook 2024 report, released on Tuesday, shows that China …
China’s EV Strategy of Going Small and Cheap to Pay Big Dividends in Asia Read More »
(Reuters) – (This April 22 story has been corrected to say that Exxon has one advanced recycling plant and is assessing opportunities in, not has, around a dozen advanced recycling projects, in paragraph 10) California will conclude a two-year investigation into Exxon and the fossil fuel industry’s role in causing global plastic pollution by summer …
California to Wrap up Exxon Plastics Probe ‘In Weeks’, AG says Read More »
By Reuters (Reuters) – Halliburton beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America. Oil and gas producers are looking to secure new international and offshore inventories, boosting oilfield equipment and services demand and helping companies like Halliburton. International rig count, …
Halliburton Beats Quarterly Profit Estimates on Growing International Strength Read More »
Elon Musk’s Robotaxi Reboot Plunges Struggling Tesla into Chaos Strategic shift comes as carmaker prepares Tuesday to report its first revenue decline in four years Bloomberg News Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — …
Baker Hughes to supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines Award builds on Master Gas System Phase 1 & 2 agreement, which saw Baker Hughes deliver 18 centrifugal compressors driven by aeroderivative gas turbines New pipeline aims to increase gas distribution across Saudi Arabia, supporting the Kingdom’s ambition to reduce …
