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Diamondback in Talks to Buy Double Eagle for More Than $5 billion, WSJ Reports

(Reuters) – Diamondback Energy is in talks to buy EnCap-backed Double Eagle, a big West Texas energy producer, for more than $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. Last year, Reuters reported that Double Eagle was exploring a sale of its Permian Basin-based producer in a deal …

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Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B

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Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.

Baker Hughes: US Drillers Add Oil and Gas Rigs for Third Week in a Row

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U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since December 2023.

Dividends Declared Weeks of Feb. 3, Feb. 10

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With 2024 year-end earnings season underway, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.

Sweeping US Energy Department Layoffs Hit Nuclear Security, Loans Office, Sources Say

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The Trump administration has laid off about 1,200 to 2,000 workers at the Department of Energy.

Tallgrass, Bridger Call Open Season on Pony Express

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Tallgrass and Bridger’s Pony Express 30-day open season is for existing capacity on the line out of the Williston Basin.

Bloom Energy, Chart Industries Form CCUS Partnership for Low-Emissions NatGas

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Bloom Energy and Chart Industries aim to use natural gas and fuel cells to generate power through their carbon capture partnership.

Pipeline Company Enbridge Reports $493 Million Q4 Profit

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pipelines, US News / By mark

Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier. The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down from 81 cents per share in the last three months of 2023. On …

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Latest US Sanctions on Russia Throw Global Oil Trade Into Disarray

CDN and International News, Latest, LNG, Natural Gas, Oil, US News / By mark

Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving demand for Middle Eastern and African crudes, roiling shipping markets and driving up oil prices. Washington’s January 10 sanctions targeted tankers carrying Russian oil in a push to more effectively limit Moscow’s oil revenue, the aim …

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Russia to be ‘Reintegrated’ Into World Economy if War in Ukraine Ends, Orban Says

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas, Oil / By mark

Russia will be “reintegrated” into the world economy and the European energy system once a peace deal is achieved and the war ends in Ukraine, Prime Minister Viktor Orban told state radio on Friday. “If the U.S. president comes and creates peace, there is a deal, I think Russia will be reintegrated into the world …

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