mark

Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …

Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says Read More »

Oil Producers Flush With Cash Cut Reliance on Funding Markets

Demand for bank loans fell in 2022 and again in 2023 The drop occurred after two years of rising oil prices Bloomberg Last year, the demand for loans from fossil-fuel companies fell 6% year-on-year and that followed a decline of 1% in 2022. From a climate perspective, this may sound like good news because the …

Oil Producers Flush With Cash Cut Reliance on Funding Markets Read More »

U.S. Natgas Flows Rise to 3-Week High as Texas Freeport Pulls in More Fuel – LSEG

The amount of natural gas flowing to the seven U.S. liquefied natural gas (LNG) export plants was on track to rise by about 5% to a three-week high on Monday as Freeport LNG in Texas started to pull in more feedgas, data from financial firm LSEG showed. The startup and shutdown of Freeport and other …

U.S. Natgas Flows Rise to 3-Week High as Texas Freeport Pulls in More Fuel – LSEG Read More »