Cactus to Acquire 65% of Baker Hughes’ Surface Pressure Control Business
Cactus CEO Scott Bender said the $344.5 million deal with Baker Hughes improves the oilfield equipment company’s access to new markets unaffected by tariffs.
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Blackrock’s GIP Completes Investment Exit from Hess Midstream
Global Infrastructure Partners exited its position in Hess Midstream after the closing of a public offering on May 30.
Harold Hamm is Still Wildcatting After All These Years
As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, he urges his fellow U.S. producers to “never quit exploring.”
What’s Affecting Oil Prices This Week? (June 2, 2025)
For this week, Stratas Advisors says it is likely that oil prices will drift downward. While the market was expecting the supply increase by OPEC+, there will still be additional supply coming onto the market, while demand growth is muted.
Innovex Completes Acquisition of Citadel Casing Solutions
Innovex International’s CEO said the deal bolsters its position in the cementing tool market in the U.S. and supports efforts to grow market share in the offshore and international markets.
NextEra Brings its First Louisiana Utility-Scale Solar Facility Online
NextEra Energy said the solar facility is located in Louisiana’s Tangipahoa Parish.
How the House Cut Off New Solar and Wind Subsidies in the “Big Beautiful Bill” – Alex Epstein
My Power Hour discussion with Representatives Chip Roy and Josh Brecheen By Alex Epstein I invited Representatives Chip Roy and Josh Brecheen for a discussion about how they defeated a hoard of subsidy-seeking lobbyists to cut off new solar and wind subsidies in the “Big Beautiful Bill.” I had the opportunity to help out with …
Goldman Sachs Sees OPEC+ Raising Oil Output by 0.41 mb/d in August
Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday. “Relatively tight spot oil fundamentals, beats in hard global activity data, and seasonal summer support to oil demand suggest that the expected demand slowdown …
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The OPEC+ Production Boost May Have a Bigger Bark Than Bite
The real increase in output will likely be smaller than the headline figure, with perhaps only half reaching the market. By Julian Lee Oil ministers from OPEC+ members agreed on another big increase in production targets for July. But is there room for those barrels without crashing prices? A third straight boost of 411,000 barrels a day will …
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Russian Pipeline Gas Exports to Europe Rose 10% m/m in May, Data Shows
(Reuters) – Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline increased by 10.3% in May from a month earlier, Reuters calculations showed on Monday. Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with …
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