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Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By mark

(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

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By mark

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

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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

Conventional Energy, Latest, LNG, US News / By mark

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

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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

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EQT’s acquisition from Blackstone-backed Olympus adds 90,000 net Marcellus and Utica acres and 500 MMcf/d of production.

ConocoPhillips Plans Layoffs as Part of Broad Restructuring

Conventional Energy, Latest, Oil, US News / By mark

ConocoPhillips, a top U.S. oil and gas producer, plans to cut staff, the company said on Tuesday, amid a broad push to rein in costs and streamline operations after its $23 billion buyout of rival Marathon Oil. The job cuts are the latest sign of pain in the oil and gas industry, which is facing …

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FERC Chair Resigns, Setting Stage for GOP Control of Commission

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Chairman Willie Phillips, known as a moderate Democrat who tended to vote with GOP members on infrastructure issues, will be replaced with a Trump nominee.

Money Talks: Texas Capital Bank on How to Deploy Capital Amid Shrinkage

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In an uncertain macro environment, caution is necessary in deploying capital, says Marc Graham, managing director and head of energy at Texas Capital Bank.

Baker Hughes Flags Tariff Impact on Full-Year Core Profit

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil / By mark

(Reuters) – U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs. U.S. President Donald Trump’s trade policy has heightened uncertainty in the energy industry, as the ensuing trade war is expected to curb global economic growth and, …

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