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(Reuters) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with the matter said. The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding …
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion Read More »
MIDLAND, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”). About Diamondback Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, …
Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition Read More »
Sempra plans to sell some natural gas assets, including a Mexican fuel distributor and a minority stake in its liquefied natural gas business, to “simplify the company’s portfolio” and support growth for its Texas and California utilities. Summary by Bloomberg AI The move is part of a trend among US power companies to raise capital …
Sempra to Sell Assets as Utilities Raise Money for AI Boom Read More »
President Donald Trump promised on the campaign trail to lower energy costs for consumers by increasing US oil and gas production. He’s continued with that refrain in office. “As you’ve heard me say many times, we have more liquid gold under our feet than any nation on Earth,” he said during his address to a joint session …
Why Trump’s ‘Drill, Baby, Drill’ Is Not as Easy as It Seems Read More »
Stellantis sold 5.5 million vehicles last year, including roughly 2.6 million in Europe, and generated sales of €156.9 billion Bloomberg News Stellantis NV’s strategy to make more hybrids is causing manufacturing delays in Europe because the automaker can’t source enough parts. This month the company produced 20,000 fewer vehicles than expected as it didn’t have …
** As Q1 draws to a close, energy looked set to come out the top performer among the S&P 500’s major industry sectors for the quarter, with a ~9% gain for the period ** Energy, up 0.7% on Mon, is also among the best-performing sectors of the day, outperforming the broader market, with the S&P …
Energy Leads S&P 500 Sector Advances as Q1 Draws to Close Read More »
(Reuters) – Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, which the five …
Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say Read More »
Most investors knew things could turn turbulent this year given U.S. President Donald Trump’s return to power in the world’s biggest economy and financial market, but few predicted the kind of a rodeo ride it has been so far. Scan the surface and world stocks are almost where they started the year, while volatility gauges …
A federal district judge ruled against the Biden administration’s sale of oil and gas drilling rights in the Gulf of Mexico, citing insufficient analysis of the sale’s potential effects on the climate and endangered whales. Summary by Bloomberg AI The judge directed additional arguments on the best remedy, which could include invalidating leases sold in …
Judge Rules Against Sale of Gulf of Mexico Oil Drilling Rights Read More »
Next week, the UN votes on an ocean carbon tax that would spike the price of many consumer goods. The Trump administration must not allow this Biden climate policy to quietly take effect. By Alex Epstein Next week, the UN votes on an ocean carbon tax that would spike the price of food, fuel, and …
WARNING: The Secret UN Carbon Tax That’s About to Fleece America – Alex Epstein Read More »
