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Acquisition Creates the Largest Consolidated Acreage Position in the entire Eagle Ford Shale Basin HOUSTON, May 20, 2024 /PRNewswire/ — WildFire Energy I LLC (“WildFire”), today announced that it has entered into a definitive agreement for the acquisition of approximately 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from …
Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed. Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of …
First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load Read More »
By George Hay and Yawen Chen (Reuters Breakingviews) – The Middle East’s key generator of instability just got even harder to read. As demonstrated by its recent missile attacks on Israel, Iran is one of the main reasons why global investors hesitate to commit too much capital to the region. The death of President Ebrahim …
President’s Death Makes Iran Even Less Predictable Read More »
NEW YORK, May 20 (Reuters) – Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell. Three of the biggest U.S. independent oil refiners – Marathon Petroleum (MPC.N), Phillips 66 and Valero Energy – earned combined adjusted profits …
U.S. Refiners Reward Shareholders With Big Returns Despite Softer Q1 Profits Read More »
Summary Iranian President, foreign minister die in helicopter crash Saudi crown prince postpones Japan trip citing king’s health Another Russian energy facility hit LONDON, May 20 (Reuters) – Oil prices held steady on Monday amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash and Saudi Arabia’s crown prince deferred a trip …
Oil Steadies After Death of Iran’s President, Saudi King’s Ill Health Read More »
The main oil company of the United Arab Emirates bought a stake in NextDecade Corp.’s natural gas export project in Texas, its first acquisition in the US that will also give it supply from the plant for 20 years. Abu Dhabi National Oil Co. will take a 11.7% stake in phase 1 of the Rio Grande …
Adnoc Buys Stake in NextDecade’s LNG Project in First U.S. M&A Read More »
(Reuters) – Oil prices steadied on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand. China’s industrial output rose 6.7% year on year in April as recovery in its manufacturing sector gathered pace, accelerating from 4.5% …
Oil Set for Weekly Gain on Hopes of Firmer Demand Read More »
Capital for closely held drillers shrinking, Wil VanLoh warns Oilfield services providers have signaled smaller market Energy transition technologies receiving double the investment compared to oil and gas is becoming a major problem for the shale sector and for global supply-demand balances, said Quantum Capital Group Chief Executive Officer Wil VanLoh who manages $25 billion. Public shale …
Lacking Shale Investment a Huge Obstacle, Major Investor Says Read More »
Bloomberg Qatar’s energy minister yesterday shared a stage with the bosses of Exxon Mobil Corp. and TotalEnergies SE — the second time in three weeks he’d joined Big Oil to discuss the green transition. But the main takeaway from the forum in Doha? Gas is here to stay. The outlook of the two supermajors and …
Big Bets on Gas Demand Show Fuel Is Far From Fading Read More »
(Reuters) – Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 …
Chevron Prepares for North Sea Exit After More Than 55 Years Read More »
