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The private equity owner of Ridgemar Energy is exploring a sale of the U.S. oil and gas producer that could value the company at more than $1 billion, including debt, people familiar with the matter told Reuters on Wednesday. Ridgemar, which is backed by Carnelian Energy Capital, is working with investment bankers at RBC Capital …
Ridgemar’s Owner Explores $1 Billion-Plus Sale of US Oil Producer Read More »
Bloomberg News The chief executive of Exxon Mobil Corp. on Tuesday discouraged President-elect Donald Trump from withdrawing the US from the landmark Paris climate pact, arguing that would mean forfeiting a chance to push for “common sense” carbon-cutting policy on the world stage. “The way you influence things is to participate, not to exit,” Darren Woods said in an interview during …
Exxon CEO Pushes Back on Trump’s Anti-Climate Change Agenda Read More »
Investors ramped up oil futures and options trading in October to record levels in a bid to hedge growing uncertainty as war rages on in the Middle East and a bearish 2025 supply and demand outlook looms, triggering big swings in crude prices. Hedging can help producers reduce risk and protect their production from sharp …
Oil Hedging Activity Hits Record in October as Traders Eye Market Risks Read More »
Chemical maker LyondellBasell Industries on Friday detailed its long-announced plan to permanently shutter its 263,776 barrel-per-day (bpd) Houston oil refinery in the first quarter of 2025. The planned closing marks the latest in a wave of U.S. refinery closures as motor fuel demand is expected to peak this decade and decline under pressure from renewable …
Another U.S. Oil Refinery to Vanish with Lyondell Houston Plant Closing Read More »
EQT Corp projected data centers and coal plant decommissioning could boost natural gas demand by up to 10 billion cubic feet per day by 2030, the Appalachian basin-based natural gas producer said on a post-earnings conference call on Wednesday. Shares of the company were up more than 2% in afternoon trading, buoyed by an uptick …
EQT Sees Data Centers and Coal Retirements Driving Natural Gas Demand Read More »
(Reuters) – Oil prices settled higher on Friday and gained 4% on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month. Brent crude futures settled up $1.67, or 2.25%, at $76.05 a barrel. U.S. West Texas Intermediate crude settled up $1.59, or …
Oil Settles Up, Weekly Gain 4% as Investors Weigh Middle East Risk and US Election Read More »
Company expects to beat goal of $3 billion in investor returns Schlumberger is often a bellwether for oil and gas industry SLB headquarters in Houston.Photographer: Mark Felix/Bloomberg SLB, the world’s biggest oilfield services provider, warned that spending growth by oil explorers has waned in the past few months as customers take a cautious approach amid …
SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending Read More »
The private equity owners of Flowco have kicked off preparations for an initial public offering of the oilfield services provider that could value it at as much as $2 billion and come as early as the first half of 2025, according to people familiar with the matter. Jefferies, JPMorgan Chase and Piper Sandler have …
Flowco’s Owners Prepare to Take Oilfield Services Firm Public in 2025, Sources Say Read More »
Despite Ottawa’s campaign against oil and gas, Alberta’s net payments to the federal government are five times those of B.C. and Ontario Tegan Hill and Spencer Gudewill , Special to Financial Post Alberta’s provincial flag in Ottawa. Photo by Adrian Wyld/The Canadian Press files According to a recent poll by the Angus Reid Institute, nearly half of …
Opinion: Alberta is Still the Biggest Net Contributor to the Federation Read More »
By Gavin Maguire LITTLETON, Colorado, Aug 29 (Reuters) – Global electricity generation from solar farms has exceeded generation from wind farms since May, marking the longest ever stretch when solar power has been the top source of utility-scale renewable electricity worldwide. Solar electricity generation exceeded wind generation in May by 1.65 terawatt hours (TWh), and …
Global Solar Generation Overtakes Wind for Longest Ever Stretch Read More »
