U.S. crude oil production rose in March to its highest this year, while product supplied fell, data from the Energy Information Administration showed on Friday. Crude output rose by 0.6% to 13.2 million barrels per day (bpd) in March, the highest since December. Crude volumes from Texas, the top producing state, edged 0.7% higher to …
U.S. Crude Output Rises in March, While Product Supplied Falls Read More »
U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held steady at 600 in the …
U.S. Drillers Cut Most Oil and Gas Rigs in a Month Since August – Baker Hughes Read More »
The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
The Enerplus transaction gives Chord Energy another decade of drilling runway in the Bakken Shale play—the nation’s second-largest oil field.
Earlier in May, the Federal Trade Commission gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred former Pioneer CEO Scott Sheffield from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices.
HOUSTON, May 31, 2024 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) (“Enerplus”) announced today the completion of their previously announced business combination (the “Arrangement”). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received …
Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come. The consolidation wave sweeping through the U.S. energy sector that spurred deals worth $250 billion in 2023 shows no signs of slowing as companies rush to deploy their cash …
Oil Giants Exxon, Chevron Lean on Big-Ticket Deals to Build Bigger Reserves Read More »
The funds will refinance debt supporting the construction of the 670-kilometre natural gas pipeline, sources told Bloomberg Bloomberg News A Canadian pipeline that’s partially owned by KKR & Co. is set to kick off what’s likely to be the biggest corporate bond deal in the country’s history. Coastal GasLink LP, a pipeline project in Western Canada, is …
Coastal GasLink Looks to Borrow $4 billion in Canada’s Biggest Corporate Bond Deal Read More »
(Reuters) – Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco , in a major test of international investor interest in its market. In a long-anticipated announcement on Thursday, the kingdom and Aramco detailed plans to sell up to a 0.7% …
Saudi Arabia Sets New Test for International Interest with $13.1 Billion Aramco Sale Read More »
(Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting on Sunday that will allow the group to extend some of its deep oil production cuts into 2025, three sources familiar with OPEC+ discussions said on Thursday. OPEC+ has made a series of cuts since late 2022 amid rising output …
OPEC+ Working on Complex Production Cut Deal for 2024-2025 Read More »
