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Diversified Energy to Buy Maverick to Expand US Oil Asset Base

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority. Alabama-based Diversified signed a definitive agreement to acquire Maverick, which is in the portfolio of energy and infrastructure investor EIG, for about $1.28 billion, including the assumption of debt, with payment …

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Renewed Inflation Worries Help Drive Oil Price Rally

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump’s threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia. Oil is a popular inflation hedge because energy …

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Trump Freezes Energy Department Spending, Loans

Energy Commentary, Energy Topics & Technology, Latest, US News / By

Order essentially freezes agency with about $50 billion budget Trump has vowed to unravel Biden’s climate-friendly policies The Trump administration has halted spending, loans and other actions at the Energy Department as part of a “comprehensive review” to ensure they align with the president’s priorities, according to a memo from the agency’s acting secretary seen …

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Trump’s Week One Ends With a Heap of Climate Rollbacks

Conventional Energy, Energy Topics & Technology, Environment, Latest, LNG, Natural Gas, Oil, US News / By

The new president issued a barrage of orders seeking to boost fossil fuels and reverse policies that address global warming.  Bloomberg President Donald Trump wasted no time in laying the groundwork for a sweeping anti-climate agenda, signing a series of executive orders just hours after being sworn into office that seek to unravel former President …

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Trump’s High-Wire Act to Transform US Power Grid Won’t Be Easy

Electricity Grid, Energy Topics & Technology, Latest / By

President Donald Trump’s oversight of an increasingly unreliable U.S. power grid requires swift action, he said this week, but there is no easy fix for one of the grid’s most complex and troubled areas: long-distance transmission lines. Trump’s National Energy Emergency declaration and executive orders detail a long list of interconnected problems dogging an electric …

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U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

 U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …

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