Private equity firms with longtime loyalty to the oil and gas industry are raising funds that are steadily adding to their coffers, accumulating billions of dollars’ worth of dry powder.
For the upcoming week, Stratas Advisors expect that there will be further upward pressure on oil prices, since the conflict between Israel and Iran will continue to ramp up, and consequently, the price of Brent crude could reach $77.
More pressure must be exerted on Russia to secure a ceasefire in Ukraine urging the G7 nations to ramp up sanctions to achieve that goal, European Commission President Ursula von der Leyen said on Sunday.Leaders of the world’s largest industrial nations are meeting in Canada’s Rockies with European countries seeking to keep the war in …
G7 Needs to Raise Pressure on Russia, von der Leyen Says Read More »
The importance of oil and gas can’t be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Oil prices jumped …
Oil and Gas Important in Times of Conflict, Saudi Aramco CEO Says Read More »
The 51st G7 summit, the 57th annual meeting of the organization G7, is being held from 16 to 17 June 2025 in Kananaskis, Alberta, Canada. This is the 2nd G7 summit to be held in Kananaskis since the 28th G8 summit in 2002. Leaders at the summit Mark Carney will chair the 51st G7 summit. The 2025 summit will be the first summit …
Digitize legal land descriptions into precise, mappable boundaries for title validation and acquisition. Are you mapping land rights in ArcGIS Pro and often juggling vague legal descriptions, tight tolerance requirements, and the pressure for precision? If you are a GIS specialist, land surveyor, real estate developer, or land management professional, here’s a new way to …
New: 14 Tools to Help You Optimize Land Mapping in ArcGIS Pro Read More »
Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion takeover bid from an international consortium led by Abu Dhabi’s National Oil Company (ADNOC). ADNOC, through its investment arm XRG, with Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle has offered $5.76 (A$8.89) per Santos share, …
Australia’s Santos Receives $18.7 Billion Takeover Bid from ADNOC-Led Consortium Read More »
Santos Ltd. has received a final, non-binding offer from a consortium led by Abu Dhabi National Oil Co., or ADNOC, that represents a 28% premium over the company’s June 13 closing price.
With “several billion barrels of resources” left untapped in the Powder River Basin, Continental Resources is nearing full-scale development of the Niobrara Shale in Converse County, Wyoming, executives told Hart Energy in an exclusive interview.
Summary Saudi Arabia, UAE the only OPEC+ members that can raise output Global spare capacity may be as low as 3 million bpd Global supply cushion roughly equals Iranian output Iran pledges to retaliate for Israeli strikes (Reuters) – Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply …
OPEC+ Would Struggle to Cover Major Iranian Oil Supply Disruption Read More »
