Phillips 66 Fires Back at Elliott Over Citgo Conflict of Interest Amid Board Fight
The salvo is the latest in a bitter spat between Phillips 66 and Elliott that is due to come to a head at a shareholder meeting next month.
Shell to Complete Survey at Venezuela Gas Field as License Wind-Down Approaches
April 21 (Reuters) – Oil and gas group Shell (SHEL.L) plans to complete a marine survey at Venezuela’s offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said. Colombia-flagged survey vessel Dona Jose II arrived in U.S.-sanctioned Venezuela …
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Second Pearsall Wildcat in Frio County IPs 1,300 bbl/d
Formentera Partners’ second Pearsall well joins Indio Tanks-Pearsall Field’s first modern frac job Hurrikain Cat I-STX, which IP’ed 1,499 bbl earlier this year.
Excelerate Starts $700MM Notes Offering to Fund New Fortress LNG Deal
Excelerate Energy plans to use the funds to pay for its recent $1.055 billion acquisition of New Fortress’ LNG import business in Jamaica.
TDK Ventures Announces Launch of $150MM Fund 3
TDK Ventures’ newest fund will focus on AI, data centers, materials, climate tech and more.
Scout Surface Solutions Acquires Kinetic to Expand Offerings
Scout Surface Solutions LLC is expanding its oil and gas services with the acquisition of Kinetic Pressure Control.
Anaergia to Build 9 Biomethane Facilities in Europe Totaling 556,000 MWh
Anaergia Inc. has plans to build nine biomethane production facilities from agro-industry waste in Portugal, Spain and Italy.
Industry Professional Stephanie Reed Resigns from Tamboran’s Board
Stephanie Reed joined Tamboran Resources’ board as non-executive director in September 2023.
What’s Affecting Oil Prices This Week? (April 21, 2025)
Stratas Advisors predict that the growth in non-OPEC supply will be muted by the uncertainty of low oil prices, including supply associated with U.S. shale producers, which are facing financial and operational pressures because of lower oil prices.
US Stocks, Dollar Sink as Trump’s Criticism of Fed Chair Worries Investors
U.S. stock indexes fell and the dollar index slid to a three-year low on Monday as U.S. President Donald Trump’s continued attacks on the Federal Reserve chair and the bank’s monetary policy rattled investors.Safe-haven gold prices hit another record high, while the Swiss franc also rose. Benchmark U.S. Treasury yields edged higher. Trump on Monday …
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