US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
Baker Hughes said this week’s decline puts the total rig count down 30, or 5% below this time last year.
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DNO to Buy Sval Energi for $450MM, Quadruple North Sea Output
Norwegian oil and gas producer DNO ASA will acquire Sval Energi Group AS’ shares from private equity firm HitecVision.
Trump’s Interior and Energy Secretaries Cheer on Natural Gas Export Industry in Gulf Coast
PORT SULPHUR, La. (AP) — The planned expansion of a massive liquefied natural gas facility in southeast Louisiana is a beacon for a U.S. energy policy that doubles down on oil and gas exports under President Donald Trump, two members of his Cabinet told a crowd of cheering workers Thursday. “The prior administration had a …
Hunting Buys EOR Technology Rights from Its Founding Shareholders
Hunting Plc is acquiring the rights to organic oil recovery, an EOR technology—including 25 patents and distribution rights—from its founding shareholders.
BW Energy Announces Oil Discovery Offshore Gabon
Initial data from BW Energy’s find offshore Gabon shows potential for a new development cluster, according to BW’s CEO.
Paisie: Impact of Tariffs, Sanctions and ‘Drill, Baby, Drill’
The U.S. has the advantage with tariffs on Canada, but sanctions and pleas for increased oil supply are unlikely to be effective.
Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero
Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.
USA Compression Names Chris Wauson as COO
Chris Wauson, currently the leader of natural gas compression company USA Compression Partners’ Permian office, has been chosen as the company’s new COO.
Venture Global Shares Plummet as Plaquemines LNG Price Upped by $2B
Venture Global LNG missed market expectations in its first earnings report and shares fell further with the announcement of an $18 billion brownfield expansion at Plaquemines.
US Energy Chief to Seek $20 Billion to Refill Oil Reserve, Bloomberg Reports
U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity, Bloomberg News reported on Friday. Wright told Bloomberg News in an interview that the initiative would restore holdings “just close to the top” to maintain efficient …
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