Kodiak Gas Services Closes $850MM Deal for CSI Compressco
Kodiak Gas Services’ acquisition of CSI Compressco was financed as an all-equity transaction valued at approximately $854 million, including assumption of $619 million in debt.
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Phillips 66 Reaches Milestone at San Francisco Bay Area Refinery
By the end of second-quarter 2024, Phillips 66 aims to have the complex finished and producing more than 50,000 bbl of renewable fuels.
U.S. Energy Sector Consolidation Trend Continues in 2024
The $250-billion consolidation wave that swept through the US energy sector in 2023 has continued into 2024, with experts anticipating further transactions as energy firms aim to improve inventory longevity while minimising costs. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion …
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Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting
Key energy fund XLE outperformed Nasdaq 100 in first quarter ‘Investor sentiment could go either way,’ Dan Pickering says Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word. After finishing 2023 in the red as the broader market soared, energy stocks have started 2024 with …
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Oil Bosses Rip Biden Policies Even as U.S. Production Soars
Executives remain steadfast in their criticism even as many fossil-fuel companies thrive. The anonymous comments from shale-oil executives in the Federal Reserve Bank of Dallas’ quarterly energy survey are rarely complimentary to President Joe Biden and his policies. The remarks in last week’s edition, however, were particularly notable given the apparent state of the market. The US …
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U.S. Shale Drillers Seek to Power Oil Patch With Small Nuclear Reactors
Reactor company Oklo talking to drillers including Diamondback Nuclear power can reduce emissions from producing fossil fuels US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian Basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity. Diamondback, the largest independent producer headquartered in …
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Tesla Has Wall Street Worried About How Many Cars it Just Sold
Bloomberg News Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a close. Some on Wall Street are even braced for Tesla’s first sales decline since the early …
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Deepwater Roundup 2024: Offshore Africa
Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
Support for Energy Shift Will Wane if People Can’t Afford Their Power Bills, Shell Tells Court
Oil giant starts appeal of Dutch order for emissions cut Bloomberg News “If people can no longer pay for their energy or that energy is no longer reliable when you press the button or want to cook food and turn on the gas stove, the support of people in the country here but also in …
OPEC+ Unlikely to Change Output Policy at April 3 Meeting
Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their …
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