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Canadian Oil Producer Strathcona to Launch US$4.25 Bln Hostile Bid for MEG Energy

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By mark

(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

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By mark

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

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Liner hanger components and bullhead frac combinations are boosting refract results.

OPAL Fuels, Republic Services to Develop RNG Facility in North Carolina

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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

Electricity Grid, Energy Topics & Technology, Latest, US News / By mark

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

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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

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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.

Five Point Forms PowerBridge with $1B Commitment to Build Data Centers

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Five Point Infrastructure has formed PowerBridge LLC with a $1 billion equity commitment to develop and manage gigawatt-scale data centers and associated infrastructure.

E&P Startups X2, Rockcliff Hunt for Large-Scale M&A Amid Price Volatility

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Private capital is flowing back into shale, with new teams Rockcliff III and X2 Resources zeroing in on overlooked assets in Texas and beyond.

Global Oil Supply to Rise Faster Than Expected After OPEC+ Hike, IEA Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, OPEC / By mark

By Robert Harvey and Enes Tunagur Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of year Expects lower oil prices to hit US shale oil output growth Revises up 2025 total demand forecast LONDON, May 15 (Reuters) – World oil supply will rise more …

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