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Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. The Double Eagle team is expected to launch a sale process for the producer in the second half …
Double Eagle Explores $6.5 Billion Sale of Shale Oil Producer, Sources Say Read More »
Data centers could use up to 9% of total electricity generated in the United States by the end of the decade, more than doubling their current consumption, as technology companies pour funds into expanding their computing hubs, the Electric Power Research Institute said on Wednesday. Depending on the adoption pace of technology such as generative …
Data Centers Could Use 9% of U.S. Electricity by 2030, Research Institute Says Read More »
(Reuters) – ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion deal, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves. The U.S. oil and gas industry has been riding a consolidation wave over the last two years. Last year was one of …
ConocoPhillips to Buy Marathon Oil for $22.5 Bln in Latest Energy Merger Read More »
HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with …
Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery Read More »
Approval from Hess shareholders was a win, but more hurdles await. Chevron Corp. cleared the first major hurdle toward closing its $53 billion acquisition of Hess Corp. — and securing a share in one of the world’s most promising oil fields. The chief executive officers of the two companies may want to keep their …
More Hurdels Await Chevron Inches After Hess Shareholder Approval Read More »
(Reuters) – OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation’s output target is calculated from its notional capacity. Members of OPEC+ – comprising OPEC and allies such as Russia – tend to push for …
NOW YOU KNOW: Why Does OPEC+ Often Clash Over Oil Production Capacity? Read More »
(Reuters) – The operator of the Texas power system, one of the largest in the United States, is on track to smash generation records from both clean and fossil fuel sources in 2024 as total power needs continue to grow. The Electric Reliability Council of Texas (ERCOT) clean power generation total through May 27 was …
Texas Set to Smash Clean and Dirty Power Output Records in 2024 Read More »
NEW YORK–(BUSINESS WIRE)–Hess Corporation (NYSE: HES) today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the merger agreement. …
Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron Read More »
Scott Sheffield, the former CEO of Pioneer Natural Resources, has requested the US Federal Trade Commission to vacate its order that barred his inclusion on Exxon Mobil’s board. Sheffield also sought the dismissal of the proceeding without further action, according to a comment filed by his legal counsel before the regulator on Tuesday. The U.S. antitrust …
Former Pioneer CEO Urges FTC to Withdraw Ban on His Inclusion in Exxon’s Board Read More »
Pipeline operator Energy Transfer said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion as the pipeline operator looks to expand its gas transportation and processing network in the Permian Basin. It would acquire WTG from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal will …
Energy Transfer to Buy WTG Midstream in $3.25 Billion Deal Read More »
