Citgo Stalking Horse Bidder Draws Ire from Investors
A court-appointed special master recommended a stalking horse bidder for the parent of Citgo Petroleum, which drew objections from Gold Reserve and other investors.
A court-appointed special master recommended a stalking horse bidder for the parent of Citgo Petroleum, which drew objections from Gold Reserve and other investors.
Poilievre also announces he will approve LNG Canada’s Phase II, plus at least 9 other projects that are waiting for the go-ahead. Terrace, BC – Conservative Leader Pierre Poilievre announced that he will create a new ‘One and Done’ rule for resource projects: a one-stop shop, with one simple application and one environmental review. Poilievre also announced …
Securities analysts expect some M&A may be coming from the growing oil and wet-gas results in eastern Ohio, they report, including by newly public Infinity Natural Resources.
Elk Range Royalties closed on a $905 million purchase of Occidental’s assets in the Denver-Julesburg Basin in March— a once-in-a-lifetime purchase, CEO Charlie Shufeldt told Hart Energy.
Here’s a roundup of the latest E&P headlines, from BP’s startup of gas production in Trinidad and Tobago to a report on methane intensity in the Permian Basin.
Occidental Petroleum has secured permits from the Environmental Protection Agency to store CO2 at its Stratos DAC facility. Located in Texas, Stratos is designed to capture and store up to 500,000 metric tons of CO2 annually, Oxy says.
(Reuters) – Major stock indexes fell again in volatile trading on Monday as U.S. President Donald Trump said he will impose an additional 50% tariff on China if Beijing does not withdraw its retaliatory tariffs on the United States, while the dollar and bond yields rose. Also, the White House denied a report that Trump …
Stocks Selloff Goes On; Trump Warns of More China Tariffs if it Doesn’t Back Off Read More »
By Elizabeth Hampton (Reuters) – Hello Power Up readers! Markets are continuing to spiral downward as U.S. President Donald Trump’s trade war stokes growing concerns of a recession. The S&P 500 extended its fall, nearing bear territory, and Goldman Sachs on Monday forecast a 45% chance of a recession in the United States next month. …
(Reuters) – The Kremlin said on Monday that Russia would do everything necessary to insulate the world’s second largest crude exporter from a global “economic storm” which has sown extreme turbulence in oil markets and raised concerns of a recession. Brent futures fell $1.61, or 2.5%, to $63.97 per barrel, and have fallen 15% over …
As Oil Plunges, Kremlin Sees a Global Economic Storm Read More »
(Reuters) – OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. The Organization of the Petroleum Exporting Countries pumped 26.63 million barrels per day last month, down …
OPEC March Oil Output Falls on Venezuela, Iran Losses Amid Sanctions Read More »