Diamondback Closes TRP Acreage Swap for Midland Assets
Diamondback Energy added southern Midland Basin locations through an acreage swap with TRP Energy.
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Q&A: Pearl Energy Investments Rides the Downturns for 250% ROI
Billy Quinn, founder and managing director of Pearl Energy Investments, leads a team that thrives amid the oil and gas investment cycles.
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
Saipem, Subsea7 Merge to Create Offshore Services Company
The new energy services company called Saipem7 would have an annual revenue of $21 billion.
ONCE BITTEN, TWICE SHY! – Pipeline Owner Says it has “Moved On” from Keystone XL Project
Keystone XL redux? Trump says he wants defunct oil pipeline back from the dead CALGARY – U.S. President Donald Trump says he’d like to see the Keystone XL pipeline brought back from the dead, garnering an enthusiastic reception from Alberta’s premier but a tepid one from the company spun off from its erstwhile proponent. …
ONCE BITTEN, TWICE SHY! – Pipeline Owner Says it has “Moved On” from Keystone XL Project Read More »
Slant Energy Secures Capital Commitment from Pearl Energy Investments
Newly-formed Slant Energy III LLC has secured an equity commitment from Dallas-based private equity firm Pearl Energy Investments.
SLB Delays ChampionX Deal Closure to Early Second Quarter
U.S. oilfield services firm SLB said on Tuesday it now expects its buyout of ChampionX to close by the end of the first quarter or early the second quarter of 2025. SLB is legally permitted to close the all-stock transaction – now worth $5.82 billion – in the U.S., but it has been held up …
SLB Delays ChampionX Deal Closure to Early Second Quarter Read More »
Shell Expects 60% Rise in Global LNG Demand by 2040 as Asia Leads Growth
Summary Asia’s economic growth to drive LNG demand increase China and India expand LNG infrastructure amid rising demand US and Qatar to dominate LNG supply by 2035 (Reuters) – Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts …
Shell Expects 60% Rise in Global LNG Demand by 2040 as Asia Leads Growth Read More »
Trump Says he Wants Keystone XL Pipeline to be Built
Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration. The pipeline was first proposed in 2008 to bring oil from Canada’s Western tar sands to …
Trump Says he Wants Keystone XL Pipeline to be Built Read More »
Trump Says Canada, Mexico Tariffs will Go Forward
Crude and natural gas from Canada face a 10% tariff, all other goods coming into the U.S. from its north and south neighbors will face a 25% fine.