APA Shuffles Leadership Following Callon Acquisition
APA CEO John J. Christmann said the changes will structure leadership to better align with the company’s “evolving” business needs.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.
SilverBow Gears Up for Proxy Fight with Kimmeridge
Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.
Pitts: Heavyweight Battle Brewing Between US Supermajors in South America
Exxon Mobil took the first swing in defense of its right of first refusal for Hess’ interest in Guyana’s Stabroek Block, but Chevron isn’t backing down.
Turnco Buys Drill Spec Services to Enhance OCTG Capabilities
Turnco said the integration of Drill Spec’s assets will expand its service offerings in West and South Texas.
Enterprise Gains Deepwater Port License for SPOT Offshore Texas
Enterprise Products Partners’ Sea Port Oil Terminal is located approximately 30 nautical miles off Brazoria County, Texas, in 115 ft of water and is capable of loading 2 MMbbl/d of crude oil.
Plus 16 Bcf/d: Power Hungry AI Chips to Amp US NatGas Draw
Top U.S. natural gas producers, including Chesapeake Energy and EQT Corp., anticipate up to 16 Bcf/d more U.S. demand for powering AI-chipped data centers in the coming half-dozen years.
Morgan Stanley Lifts Q3 Brent Crude Oil Forecast on Geopolitical Risk
Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. “That the degree of geopolitical risk in key oil producing regions has increased recently seems clear and uncontroversial,” the bank said in a note dated Monday. Brent futures rose …
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U.S. Natgas Flows to Texas Freeport LNG Export Plant Seen up on Tuesday
The amount of natural gas flowing to Freeport LNG’s liquefied natural gas (LNG) export plant in Texas was on track to rise for a second day in a row on Tuesday, according to data from financial firm LSEG. Energy traders said gas futures were trading about 2% higher so far on Tuesday on the possibility …
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Kathairos Launches Energy Influencer Spotlight: PennEnergy Resources Champions Innovative Methane Emissions Reduction Across Appalachia
PITTSBURGH, PA [April 9, 2024] PennEnergy Resources, LLC, a leading player in the Appalachian Basin’s natural gas industry, is proud to announce its progressive achievements in emissions reductions of methane and other pollutants, as part of Kathairos Solutions’ Energy Influencers campaign. This initiative celebrates the industry’s frontrunners in environmental stewardship, showcasing PennEnergy’s commitment to responsible …