The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff Energy in December and agreed to purchase a 49% stake in North American energy marketing and trading firm ARM Energy Trading in February.
(Reuters) – Countries’ climate plans are not yet in line with a goal to triple renewable energy capacity worldwide by 2030 which was set at the COP28 climate summit in Dubai last year, a report by the International Energy Agency (IEA) said on Tuesday. WHY IT’S IMPORTANT The target would involve increasing installed renewable energy …
HOUSTON , June 04, 2024 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) and BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy, today announced they formed a joint venture for the demonstration and deployment of TerraLithium’s Direct Lithium Extraction (DLE) and associated technologies to extract and commercially produce high-purity lithium compounds from geothermal brine. TerraLithium, …
O&G mergers are good for America because they increase domestic production, which makes oil cheaper and increases our national security. Government should get out of the way immediately. By Alex Epstein Myth: Oil and gas mergers are bad for America because they make oil more expensive. Truth: Oil and gas mergers are good for America …
COMMENTARY: Why Government Should Leave Oil and Gas Mergers Alone – Alex Epstein Read More »
SilverBow Resources, ConocoPhillips and Devon are among E&Ps seeing positive results from restimulating mature Eagle Ford wells, although no operator is sold on the idea.
The U.S. is buying another 3 million barrels of oil for the country’s Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022. The oil, which is for delivery to the SPR in November, is being purchased at an average price of …
U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
Deep Blue, the joint venture between Diamondback Energy and Five Point Energy, has acquired pipeline and hundreds of thousands of barrels of water disposal capacity from Lagoon Operating Midland.
CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.
Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.
The Anadarko Basin’s complexities are not stopping Continental Resources from capitalizing on its resources and eyeing acreage that may possibly be on the market soon following the closing of some big deals, the company’s Vice President of the Anadarko Basin Aaron Chang told Hart Energy’s Nissa Darbonne at SUPER DUG.
