Adnoc is attempting to clinch $12.5 billion Covestro takeover Gulf buyers have faced challenges on large international deals For years, Abu Dhabi’s main oil producer was known as a sleepy state company content to churn out crude from its vast oil fields. But that stodgy reputation is getting a dramatic makeover as it uses a …
Gulf Oil Giant Adnoc With $150 Billion Turns Into Top Dealmaker Read More »
(Reuters) – Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims to …
Repsol Explores Sale of Minority Stake in South Texas Oil Assets – Sources Read More »
Summary Brent 2024 average is forecast at $83.93 a barrel in poll WTI 2024 average is forecast at $79.72 a barrel in poll Prices could spike to $90 depending on summer use, geopolitics (Reuters) – Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects …
Oil Prices to Stay Steady as China Demand Woes Offset Mideast Risks – Reuters Poll Read More »
Summary Brent August contract expires Friday U.S. personal consumption inflation data due at 1230 GMT (Reuters) – Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will soon start cutting interest rates and U.S. inflation data due later in the …
Oil Up Ahead of U.S. Inflation Data, Set for Third Weekly Gain Read More »
(Reuters) – The EU will struggle to meet ambitious goals for rare earths in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. The 17 silvery-white rare earth minerals are not uncommon in the earth’s crust. But deposits that are economically viable are more difficult to find, and the real rarity …
The Complexity of Transforming Rare Earths From Mine to Magnet Read More »
Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper.
Prax Group will take over TotalEnergies’ oil and gas assets in the maturing play north of Scotland.
Exxon Mobil is developing a low-carbon intensity hydrogen plant using natural gas as feedstock and carbon capture in Baytown.
The Permian Basin’s natural gas growth leads to record surge in U.S. energy supplies.
Pembina Pipeline Corp. is offering senior unsecured debt to extend maturity dates for near-term debt that matures between 2026 and 2029.
