Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
RoboTrucks Arrive in Permian Basin, Haul Proppant for Atlas Energy
Autonomous trucks developed by Kodiak Robotics delivered sand, off-road, for Atlas Energy Solutions’ Permian operations beginning in December.
US Oil, Gas Rig Count Falls to Lowest Since Dec 2021
The oil and gas rig count fell by four to 576 in the week to Jan. 24. Baker Hughes said this week’s decline puts the total rig count down 45, or 7% below this time last year.
Tamboran, Falcon JV Plan Beetaloo Development Area of Up to 4.5MM Acres
A joint venture in the Beetalo Basin between Tamboran Resources Corp. and Falcon Oil & Gas could expand a strategic development spanning 4.52 million acres, Falcon said.
Appetite for IPOs is Strong, but Watch Those Valuations, Analysts Say
The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts said, and could be a signal that the recovery in new offerings may be a cautious one.Touted as the first blockbuster listing of 2025, the LNG exporter was initially aiming for a price …
Appetite for IPOs is Strong, but Watch Those Valuations, Analysts Say Read More »
Citi Says Trump Tariffs on Canada, Mexico Would Risk Raising U.S. Local Natgas Prices
U.S. President Donald Trump’s possible 25% tariffs on imports from Canada and Mexico could raise U.S. natural gas prices at domestic hubs but seems unlikely to change gas flows significantly, Citi said in a note on Friday.Canadian natural gas exporters are likely to pass on the impact of the proposed tariffs to downstream customers along …
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On The Market This Week (Jan. 20, 2025)
Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.
Belcher: Trump’s Policies Could Strain Global Energy Markets
At their worst, Trump’s new energy policies could restrict the movement of global commerce and at their best increase interest rates and costs.
TRUMP’S “UN” TRUTH ABOUT CANADA – U.S. TRADE – A Deeper Dive on the Tos and Fros Between Two Countries – William Lacey
The biggest lesson from all this is that Canada must find a way to diversify its trade, especially when it comes to energy. Canada needs to build more pipelines, diversify its customer base, and start acting like a country that is looking out for everyone, not just its own self interest. William Lacey Thanks for …
US LNG Exporter Venture Global Prices IPO at Mid-Range $25
Venture Global’s IPO pricing values the Gulf Coast LNG operator at some $65 billion.