Sunoco to Buy NuStar Energy in All-Stock Deal of $7.3 Billion
Reuters Jan 22 (Reuters) – Sunoco (SUN.N) said on Monday it would acquire NuStar Energy (NS.N) in an all-equity transaction valued at about $7.3 billion, including assumed debt.
Oil Creeps Higher as Geopolitics Outweigh Demand Concerns
(Reuters) – Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand. Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT. The front-month U.S. West Texas Intermediate crude futures contract for February delivery …
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Climate Test for Natural Gas Exports Splits White House Advisers
Election-year climate review fraught for President Joe Biden Liquefied natural gas projects worth billions hang in balance By Jennifer Jacobs, Jennifer A Dlouhy, and Ari Natter President Joe Biden’s top advisers are divided over how much to ramp up environmental scrutiny of licenses to ship natural gas abroad as companies and industry groups warn it could slow development of new export terminals, …
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Exxon Sues ESG Investors to Stop Climate Proposals on Ballot
Texas oil giant wants court to interpret SEC rule-making Exxon names Follow This, Arjuna Capital as defendants in case Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter …
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2024 Louisiana Energy Conference to Be Held Live and In-person May 28 – 30 at the Four Seasons Hotel in New Orleans
NEW ORLEANS, Jan. 18, 2024 (GLOBE NEWSWIRE) — The 2024 Louisiana Energy Conference will be held in-person Tuesday afternoon May 28 through Thursday, May 30, 2024 at the Four Seasons Hotel, New Orleans, located at 2 Canal Street, at the foot of Canal Street on the Mississippi River. Conference registration is now open and hotel …
Berry Corporation Releases Select Preliminary 2023 Results and Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call for March 6
DALLAS, Jan. 18, 2024 (GLOBE NEWSWIRE) — Berry Corporation (NASDAQ: BRY) (“Berry”, or the “Company”) today announced select preliminary full year 2023 production and year-end proved reserves data. The Company also reported that it completed a small scale, all cash bolt-on acquisition at year-end 2023 in line with corporate strategy, while reducing revolver debt in …
U.S. Oil Production Falls by 10 Million Barrels Amid Cold Snap
Extreme cold disrupts natural gas systems linked to wells North Dakota sees ‘long, slow recovery’ from frigid weather The wintry weather that blanketed parts of Texas in snow and hammered North Dakota with extreme cold has knocked out millions of barrels of US oil production, and the industry is expected to need weeks to restore …
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Chevron Seeks to Sell Canadian Duvernay Shale Assets After Hess Purchase
Chevron Corp. has begun marketing its Duvernay shale holdings in Alberta as the oil giant divests assets following its agreement to buy Hess Corp. Chevron plans to shed all of its 70% stake in the Western Alberta oil and natural gas play, spokesman Braden Reddall said in an email. Other assets in Canada won’t be …
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Biden Urged to Keep LNG Exports Flowing to Help Kill Off Coal
Natural gas producers and pipeline companies are warning the Biden administration against any move to pause US liquefied natural gas export approvals, saying it would squander the climate benefits of replacing dirtier coal-fired power worldwide. “US LNG is the single most powerful tool the world has to reduce global emissions by displacing coal use around the globe,” …
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China Defies Sanctions to Make Russia its Biggest Oil Supplier in 2023
BEIJING, Jan 20 (Reuters) – Russia leapfrogged Saudi Arabia to become China’s top crude oil supplier in 2023, data showed on Saturday, as the world’s biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants. Russia shipped a record 107.02 million metric tons of crude oil to China …
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