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Photographer: Callaghan O’Hare/Bloomberg Oil producer Matador Resources Co. agreed to buy assets in the Permian Basin from a portfolio company of EnCap Investments LP for $1.9 billion in cash, the latest in a series of shale industry tie-ups. The deal includes oil and gas producing properties and undeveloped acreage in New Mexico and West Texas owned by …
Matador to Buy Permian Oil Assets From EnCap for $1.9 Billion Read More »
(Reuters) – U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector’s dealmaking boom by losing to ConocoPhillipsthe $22 billion deal to …
How Devon Energy Missed Out on the U.S. Oil and Gas Mega-Deal Wave Read More »
(Reuters) – U.S. oil drillers are sticking to pledges to temper spending on boosting output, keeping the world’s top crude producer on course for slower growth in 2024 in what may ease pressure on OPEC+ to make further supply cuts this weekend. The U.S. has driven growth in global oil supply from non-OPEC producers over …
U.S. Oil Producers Maintain Modest Growth as OPEC+ Eyes Extended Cuts Read More »
HOUSTON, May 31, 2024 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) (“Enerplus”) announced today the completion of their previously announced business combination (the “Arrangement”). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received …
(Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting on Sunday that will allow the group to extend some of its deep oil production cuts into 2025, three sources familiar with OPEC+ discussions said on Thursday. OPEC+ has made a series of cuts since late 2022 amid rising output …
OPEC+ Working on Complex Production Cut Deal for 2024-2025 Read More »
Opponents say lawsuit is attempt to silence dissenting voices Investors vote with board on all proposals at virtual meeting Exxon Mobil Corp. pledged to be a “forceful advocate” for shareholder rights as it confronts activist investors that the oil giant accuses of abusing the US proxy voting system. Chief Executive Officer Darren Woods vowed to “safeguard” annual meetings …
Exxon Vows to Be ‘Forceful Advocate’ for Shareholder Democracy Read More »
Hess Corp shareholders will vote on Tuesday on Chevron’s proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of obtaining a better offer for their shares. The vote has huge implications for both companies. The deal has been stalled in part by a regulatory review and clouded …
Hess Investors to Vote on Chevron Deal Amid Growing Postponement Calls Read More »
(Reuters) – Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news agency said on Sunday, without providing a time frame. “An economic council headed by Iran’s interim president Mohammad Mokhber has approved a plan to raise the country’s oil output from 3.6 million barrels …
Iran Plans to Raise Oil Output to 4 Million Barrels Per Day Read More »
(Reuters) – France supports companies that believe in the country, its President Emmanuel Macron said in an interview published on Wednesday, in response to a question on oil major TotalEnergies’ potential pursuit of a U.S. listing. WHY IT’S IMPORTANT A pillar of France’s CAC 40 blue chip index, TotalEnergies is one of the world’s largest oil …
Macron Urges TotalEnergies to Stay in France After Talk of U.S. Listing Read More »
A group of state financial officers and other public and labor leaders called on Tuesday for major asset managers to vote against top Exxon directors, citing the U.S. oil company’s ongoing lawsuit against climate activists. The group including New York City Comptroller Brad Lander and the state treasurers of Connecticut, Nevada and other states called …
More State Officials Oppose Exxon Directors Over Climate Lawsuit Read More »
