E&P Highlights: May 12, 2025
Here’s a roundup of the latest E&P headlines, including an alliance for cross-compression services and a boost in 4D seismic acquisition activity in Northern Europe.
Latest
US Energy M&A Shifts Gassier into Appalachia, Midcon as Oil Slips
U.S. upstream M&A activity reached $2.3 billion in April, defying a sharp 12% collapse in oil prices. Natural gas-driven deals led the way, including EQT’s $1.8 billion Olympus Energy acquisition.
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts
By Ari Natter House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package. The incentives put in place by former President Joe Biden’s signature climate law have been ripe targets for lawmakers looking for trillions …
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China’s Recovery in Crude Oil Imports is More Bearish Than Bullish
By Clyde Russell LAUNCESTON, Australia, May 12 (Reuters) – China’s imports of crude oil edged into positive territory for the first months of the year, but rather than a sign of improving fuel demand, the recovery is more about rising inventories. The world’s biggest crude importer recorded arrivals of 11.69 million barrels per day (bpd) …
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Trump’s Energy Department Unveils Broad Rule Changes Aimed at Cutting Red Tape
(Reuters) – The U.S. Department of Energy on Monday proposed to eliminate or change more than 40 regulations and programs to align them with President Donald Trump’s efforts to relax federal rules and gut diversity initiatives. The moves will save U.S. taxpayers $11 billion, the agency said in a statement, calling it the first step …
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Colorado Top Court Allows Boulder to Sue Exxon, Suncor Over Climate Change
(Reuters) – Colorado’s highest court on Monday rejected efforts by ExxonMobil and Suncor Energy to dismiss a lawsuit by the city of Boulder seeking to hold the fossil fuel companies responsible for climate change. The Colorado Supreme Court in a 5-2 decision said federal law did not block Boulder and its surrounding county from claiming …
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Trauber: Shell-BP Merger Would Make “A Lot of Sense”
BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
Algeria Launches Program to Grow Oil, Gas Production
The African nation has extended its bid submissions for a hydrocarbon tender to July.
Belcher: Bright Future Ahead in Powering US Data Centers
Steps are being taken at the federal level to ensure sufficient power generation to fulfill the energy demands of data centers in the U.S.
NRG Stock Soars on $12B NatGas Power Plant Fleet Acquisition
The $12 billion deal positions NRG to capitalize on a power-hungry future driven by data centers and grid strain.