EOG Secures Award to Explore Abu Dhabi for Unconventional Oil
U.S. shale giant EOG Resources will evaluate 900,000 acres in a hydrocarbon-rich basin in Abu Dhabi under a new concession agreement with ADNOC.
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Utility Vistra to Buy Natural Gas Assets for $1.9 Billion
Utility Vistra said on Thursday it would acquire seven natural gas generation facilities, with a combined capacity of nearly 2,600 megawatt, from Lotus Infrastructure Partners for $1.9 billion, as it looks to meet growing power demand. The deal includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England, …
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With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations …
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Canadian Oil Producer Strathcona to Launch US$4.25 Bln Hostile Bid for MEG Energy
(Reuters) – Canadian oil and gas producer Strathcona said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) hostile takeover bid for rival MEG Energy, aiming to create one of the country’s largest oil sands companies. The all-cash-and-stock unsolicited offer would combine two of Canada’s largest pure-play thermal oil sands operators, and make Strathcona …
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Oil Heads for Weekly Gain but Remains Under Supply Hike Pressure
Summary Brent, WTI rise after more than 2% drop in previous session Both post second weekly gain in a row Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next (Reuters) – Oil prices edged up on Friday, heading for a second consecutive weekly gain on easing U.S.-China trade …
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More Meat Off the Bone: New Refrac Methods Drive Production Gains
Liner hanger components and bullhead frac combinations are boosting refract results.
OPAL Fuels, Republic Services to Develop RNG Facility in North Carolina
Located at Republic Services’ Charlotte Motor Speedway Landfill, the RNG facility will have an annual design capacity of approximately 1.4 million MMBtu.
Hot Weather and High Demand to Pressure US Power Grid This Summer, FERC Says
Projected searing temperatures across the U.S. and the proliferation of data centers are expected to send electricity consumption to a four-year high this summer, testing the grid and pushing up power prices, the Federal Energy Regulatory Commission said on Thursday. A shrinking pool of around-the-clock power plants, which are retiring to make way for cleaner …
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Kingswood‘s One X Buys Pressure Control Firm United Energy Partners
One X, backed by Kingswood Capital Manaement, will purchase service firm United Energy Partners to become a provider of greaseless pressure control values across multiple shale plays.
White Oak Affiliate Funds $125MM Credit Facility for Energy Services Company
The $125 million fund is the latest in White Oak Commercial Finance’s deployment of flexible asset-based lending solutions within the energy and manufacturing sectors.