Occidental to Up Drilling in Permian Secondary Benches in ‘25
Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
EQT: Gas Demand Likely to Outpace Midstream Sector’s Ability to Supply
Most infrastructure projects being built will not come online for another year—too late for the quickening pace of gas demand.
Obsidian to Sell Cardium Assets to InPlay Oil for US$225MM
Calgary, Alberta-based Obsidian Energy is divesting operated assets in the Cardium to InPlay Oil for CA$320 million in cash, equity and asset interests. The company will retain its non-operated holdings in the Pembina Cardium Unit #11.
Turkey Says ‘Nothing Yet’ on Iraq Oil Pipeline Restart
ANKARA, Feb 19 (Reuters) – Turkey has yet to receive confirmation from Iraq on the resumption of oil flows through the Iraq-Turkey pipeline, Turkish Energy Minister Alparslan Bayraktar told Reuters on Wednesday. Iraq’s oil minister said on Monday that oil exports from the semi-autonomous Kurdistan region will resume next week, resolving a near two-year dispute …
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China’s Clean Energy Investments Nearing Scale of Global Fossil Investments, Researchers Find
BEIJING, Feb 19 (Reuters) – China invested 6.8 trillion yuan ($940 billion) in clean energy in 2024, approaching the $1.12 trillion in global investment in fossil fuels, according to a new analysis for U.K.-based research organisation Carbon Brief. That was despite growth in China’s clean energy investments slowing to 7% from 40% in 2023 amid …
Putin Suggests Western Involvement in Ukrainian Attack on CPC Oil Infrastructure
MOSCOW, Feb 19 (Reuters) – Russian President Vladimir Putin suggested on Wednesday that a Ukrainian drone attack on the Caspian Pipeline Consortium (CPC) pumping station in southern Russia might have been coordinated with its Western allies. Putin said that he believed Ukraine could not have organised such an attack on its own and was likely …
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Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Bowman Consulting Acquires Texas Firm UP Engineering
The acquisition of UP Engineering strengthens Bowman Consulting Group’s position in the oil and gas market, Chairman and CEO Gary Bowman says.
Comstock Doubling Rigs as Western Haynesville Mega-Wells’ Cost Falls to $27MM
Operator Comstock Resources is ramping to four rigs in its half-million-net-acre, deep-gas play north of Houston where its wells IP as much as 40 MMcf/d. The oldest one has produced 18.4 Bcf in its first 33 months.
EDP Renewables Brings Mississippi Solar Park Online with Amazon as Buyer
The project marks EDP Renewables North America’s second utility-scale project in Mississippi.