Energy Topics & Technology

Auto Added by WPeMatico

Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Latest Rebuff

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, US News / By

Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt. The activist investor, the top shareholder in SilverBow, in an open letter said the company did not …

Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Latest Rebuff Read More »

Oil Stays Near Five-Month Highs as Tighter Supply Looms

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Pinned Primary, US News / By

(Reuters) – Oil prices were steady on Monday near five-month highs as markets expect tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported an improving demand outlook. Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas …

Oil Stays Near Five-Month Highs as Tighter Supply Looms Read More »

Gas Producer SilverBow Says Kimmeridge Offer Is Far Too Low

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

SilverBow Resources Inc. says an offer by activist investor Kimmeridge Energy Management Co. to combine the Texas oil and natural gas producer with its own unit is far too low. The Houston-based company said in a letter to shareholders Thursday that Kimmeridge’s unsolicited offer to combine its Texas gas assets with SilverBow in exchange for 32.4 million shares priced at …

Gas Producer SilverBow Says Kimmeridge Offer Is Far Too Low Read More »

Chesapeake Is Stockpiling New Gas Wells to Await Higher Prices

Energy Topics & Technology, Exploration & Production, Latest, US News / By

Chesapeake Energy Corp. plans to put 80 new natural gas wells into suspended animation by the end of this year with an eye to turning them on when prices for power-plant and heating fuel rebound from the lowest prices in years. The company already has drilled 15 such wells that are sitting in reserve, Chief Operating …

Chesapeake Is Stockpiling New Gas Wells to Await Higher Prices Read More »

Baltimore Fuel Suppliers Face Logistical Challenges After Bridge Collapse

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pinned Primary, US News / By

  NEW YORK, March 27 (Reuters) – Fuel suppliers in Baltimore will face some trucking delays and other minor logistical issues after the collapse of a major bridge earlier this week shut the city’s port indefinitely, market participants said on Wednesday. A cargo ship smashed into the Francis Scott Key Bridge on Tuesday, causing parts of …

Baltimore Fuel Suppliers Face Logistical Challenges After Bridge Collapse Read More »

Canadian Oil Flows to L.A. as Trans Mountain Pipeline Start Nears

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, Pipelines, US News / By

Canadian crude shipments to Los Angeles are surging, a possible preview of how an expanded pipeline that’s nearing startup may redraw flows along the Pacific Coast. Three tankers carrying a total of 1.74 million barrels have sailed from Vancouver to the biggest U.S. West Coast city in March, the most in at least four years, according …

Canadian Oil Flows to L.A. as Trans Mountain Pipeline Start Nears Read More »

Hess Board Recommends Shareholders Vote in Favor of Chevron Merger -Filing

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

Hess Corp on Thursday said in a securities filing that its board unanimously recommended shareholders vote in favor of the company’s sale to Chevron Corp, and that Exxon Mobil had initially supported the deal. The $53 billion deal’s closing has been delayed by a second request for information by the U.S. Federal Trade Commission and by contract arbitration …

Hess Board Recommends Shareholders Vote in Favor of Chevron Merger -Filing Read More »

Shale CEOs Bemoan U.S. Political ‘Uncertainty,’

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

Bloomberg US oil prices are more than high enough to make drilling new wells profitable but some shale bosses say they’re hesitant because of political and regulatory “uncertainty” that won’t be settled until the November election, according to the Federal Reserve Bank of Dallas. “Until the next administration is decided, we’re in a state of flux when …

Shale CEOs Bemoan U.S. Political ‘Uncertainty,’ Read More »

More Than 20% of Global Oil Refining Capacity at Risk, Analysis Finds

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Refineries / By

(Reuters) – More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday, as gasoline margins weaken and the pressure to reduce carbon emissions mounts. Of 465 refining assets analysed, the consultancy ranked about 21% of 2023 global refining capacity at some …

More Than 20% of Global Oil Refining Capacity at Risk, Analysis Finds Read More »

U.S. to Buy Oil for SPR Oil at Above $79 Target Price in Latest Round

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government’s emergency reserve for more than $81 a barrel, $2 above the target purchase price. The Department of Energy (DOE) said it will spent $225.6 million to buy oil to refill the Strategic Petroleum Reserve (SPR) from Atlantic Trading …

U.S. to Buy Oil for SPR Oil at Above $79 Target Price in Latest Round Read More »

Subscribe
Subscribe