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 »
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer Devon Energy’s chief executive officer told attendees at an energy conference in Dallas on Wednesday. That price forecast is within the range where U.S. crude has traded for much of the year. It settled at $68.43 …
Devon Energy Sees US Crude Oil at $60-$80 Per Barrel for Foreseeable Future Read More »
Occidental is selling non-core assets in the Lower 48 as it works to reduce debt from a $12 billion Permian Basin acquisition.
By Shariq Khan EIA expects US refining margins to be unchanged next year Margins have declined sharply since 2022 due to slowing demand, higher supplies NEW YORK, Nov 13 (Reuters) – U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said on Wednesday, signaling relief for …
US Refiner Margins to Stabilize Next Year as Plant Closures Cut Supply, EIA Says Read More »
Nov 13 (Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Wednesday. EIA projected power demand will rise to 4,090 billion kilowatt-hours in 2024 and 4,158 billion kWh in 2025. That compares with 4,012 billion kWh in …
US Power Use to Reach Record Highs in 2024 and 2025, EIA Forecast Says Read More »
By Shariq Khan and David French NEW YORK, Nov 13 (Reuters) – 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 …
Ridgemar’s Owner Explores $1 Billion-Plus Sale of US Oil Producer, Sources Say Read More »
By Timothy Gardner and Vivian Sequera Stricter targeting of Iranian oil could be tempered by China concerns Trump will need to determine if sanctions can help achieve his goals Foreign ports, refineries processing Iran exports could be targeted WASHINGTON/CARACAS Nov 13 (Reuters) – President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of …
Trump Pick Rubio Could Harden Oil Sanctions on Iran, Venezuela Read More »
EQT CEO Toby Rice highlights natural gas’ potential to achieve the energy trifecta, affordability, reliability and zero carbon, with the help of carbon capture technology, in this Hart Energy Exclusive interview.
Lyten said it plans to invest up to $20 million to convert the 119,000-sq-ft facility, in San Leandro, California, to produce lithium-sulfur batteries.
Oklo Inc. is working to deliver up to 750 megawatts from site-based fission units, with the first deployment anticipated in 2027.
