Energy-Focused AI Platform Collide Closes $5MM Seed Round
The $5 million seed round was led by Mercury Fund, with participation from industry veterans Bryan Sheffield and Billy Quinn, among others.
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Vaquero Scales Up Credit Facility to Fund Project Expansions
Vaquero Midstream has closed on an increased credit facility to help fund system expansions the company has planned for 2025 and 2026.
Vertice Oil Tools Acquires Greenwell Engineering
Vertice is expanding its presence across unconventional oil & gas markets with its purchase of Greenwell Engineering Inc.
US Crude Oil Output to Peak by 2027, EIA Projects
By Shariq Khan Forecast shows US shale oil boom fading after 20 years US oil output to peak at 14 million bpd in 2027, EIA says Production to fall rapidly from 2030 through 2050 US oil demand to cap post-pandemic gains next year US oil demand will not surpass 2019 levels or 2005 record NEW …
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Venture Global’s Calcasieu Pass Begins Shipments to Long-Term Customers
Venture Global’s Calcasieu Pass LNG export facility has begun shipments to the project’s long-term customers following an arbitration process that began in 2024.
US Natgas Output and Demand to Peak in 2032, EIA Says
By Scott Disavino Output to peak at 119.0 bcfd in 2032 vs 103.6 bcfd record high in 2023 Demand to peak at 92.4 bcfd in 2032 vs 90.5 bcfd record in 2024 LNG exports to peak at 26.8 bcfd in 2040 vs 11.9 bcfd record in 2024 April 15 (Reuters) – U.S. natural gas output …
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Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana
GEORGETOWN, April 15 (Reuters) – A consortium led by U.S. Exxon Mobil (XOM.N) is about to begin the installation of its fourth floating oil production facility in Guyana, the South American country’s maritime regulator said in a notice on Tuesday. The floating production storage and offloading (FPSO) facility ‘One Guyana,’ built by SBM Offshore (SBMO.AS) …
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Halliburton, Nabors Collab to Deploy Drilling Automation in Oman
The companies integrated Halliburton’s Logix automation with Nabors Industries’ SmartROS rig operating system.
Amplify, Juniper Amend Merger Terms to Reduce Combined Debt
Under the amended merger agreement with Amplify Energy, Juniper Capital will contribute an incremental $10 million in cash to further reduce the net debt of the combined companies.
Follow the Rigs: Minerals M&A Could Top $11B in ’25—Trauber
Minerals dealmaking could surpass $11 billion in 2025, fueled by deals in the Permian and in natural gas shale plays, says M&A expert Stephen Trauber.