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(Reuters) – Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the third largest oil and gas producer in the region behind Exxon and …
Diamondback to Buy Endeavor Energy in $26 Billion Mega Shale Deal Read More »
Woodside also weighs supply from other US projects, people say Energy Transfer is developing Lake Charles plant in Louisiana Australia’s Woodside Energy Group Ltd. is in talks to buy liquefied natural gas from several US export terminals, including Energy Transfer LP’s Lake Charles project in Louisiana, according to people familiar with the matter. Lake Charles, which isn’t yet …
Australia’s Woodside Is in Talks With Energy Transfer for U.S. LNG Supplies Read More »
The surge in energy industry mergers and acquisitions — marked by a series of megadeals among oil producers last year — is set to ramp up further in 2024 as interest rates decline, Enbridge Inc. Chief Executive Officer Greg Ebel said. “As interest rates start to peak and perhaps come down — who knows exactly when that’s going to …
Energy M&A Boom Is Just Getting Started, Enbridge CEO Ebel Says Read More »
The collapse of U.S. natural gas prices this week elevated the oil-to-gas ratio to its highest since May 2012, which should prompt energy firms to drill for more oil and less gas. Gas prices collapsed to a three-year low for a third day in a row on Friday, having fallen by 28% so far this …
Premium of U.S. Oil Over Natgas Hits 11-year high on Natgas Price Plunge Read More »
Of all the sources of supply to American refiners, domestic shale output is the least likely to be disrupted. America’s insistence on refilling the Strategic Petroleum Reserve with US crude is misguided. The political pressures on an administration seen as anti-oil to buy domestic supplies are huge. You can bet that President Joe Biden would be accused of …
Trump raised millions from oil donors in final months of 2023 Industry says production boom happened despite Biden policies Bloomberg Donald Trump is the oil and gas industry’s undisputed top pick for the Republican presidential nomination as energy sector donors shower his candidacy with nearly 10 times the amount of money as they gave his challenger Nikki …
Donald Trump Is the Oil and Gas Industry’s Top Choice for President Read More »
Smith pushes to expand LNG exports during Washington visit Canada’s first LNG export plant scheduled to start in 2025 Bloomberg President Joe Biden’s decision to pause approval of new liquefied natural gas export licenses is an opportunity for Canada as the country prepares to start exporting the fuel, Alberta’s premier said. “I note, with interest, that …
Alberta’s Premier Smith Sees U.S. LNG Export Pause as Opportunity Read More »
Summary Israeli forces intensify strikes on Rafah city Russia exports more crude in Feb after refinery attacks US sanctions firms, tanker over Russia price cap violation (Reuters) – Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. …
Oil Heads For Weekly Gain as Middle East Conflict Rages Unabated Read More »
(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen LONDON, Feb 9 (Reuters Breakingviews) – Geopolitical tensions in the Middle East aren’t registering with the oil market. Two years ago this month, the price of a barrel of Brent crude rocketed 30% to $120 in the …
Oil Investors are Adrift in Red Sea Rip Currents Read More »
MADISON, Wis. (AP) — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin tribal reservation. The company contends that U.S. District Judge William Conley improperly ordered Enbridge to shut down a 12 mile (19 km) …
Enbridge Appeals to Vacate an Order That Would Shut Down its Pipeline Read More »
