CEO Meg O’Neill focused on LNG in Australia, North America She is not averse to Middle East deals, including with Aramco Woodside Energy Group Ltd. remains open to acquisitions following a failed attempt to merge with Santos Ltd., as it looks to grow the liquefied natural gas business. “We will keep the door open to a …
Woodside Seeks Deals After Santos Failure in Push for LNG Read More »
Bloomberg Drilling for deals The oil and gas sector has been one of the few in which you haven’t had to drill too deep for good M&A news during the global deals slump. Whether you’re looking over three, six or 12-month periods, year-on-year increases in the values of transactions involving oil and gas companies look …
Oil & Gas Deals Are Powering the Global M&A Engine Read More »
Investors are not very interested in growing output, CFO says Combined company will operate fewer rigs but more efficiently Diamondback Energy Inc. will borrow a page from the shale-consolidation playbook by cutting drilling rigs after its acquisition of rival Endeavor Energy Resources LP, a move that will help satisfy investors who prefer payouts over production growth. The explorers, …
Diamondback Vows Slow Growth, Fewer Rigs After Endeavor Deal Read More »
(Reuters) – Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday. Speaking at the 50th anniversary meeting of the International Energy Agency, Australian billionaire Forrest said the investment community needs a level-playing …
Carbon Capture Tech a ‘Complete Falsehood’, Says Fortescue Metals Chairman Read More »
(Reuters) – For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. “It’s not for sale, it hasn’t been for sale, it’s probably not going to ever sell,” Pioneer Natural Resources’ former CEO Scott Sheffield, a contemporary …
Why Endeavor Energy’s Founder Sold his Company after Years of Rebuffing Offers Read More »
Tesla is by far the worst performer in the Magnificent Seven index this year Bloomberg News If you’re building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it? That’s part of a growing debate on Wall Street, where shares of Elon Musk’s electric-vehicle maker are tanking as the …
Tesla Collapse has Investors Wondering if it’s Still Magnificent Read More »
Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at BP’s refinery at Whiting in Indiana on Feb. 1. The refinery is the largest in the U.S. Midwest and processes more than 400,000 barrels per day, so the extended closure for safety …
Investors Dump Oil After U.S. Refinery Shutdown: John Kemp Read More »
The U.S. natural gas spot price is projected to average higher in 2024 and 2025 compared with last year but will remain below the $3.00-per-million British thermal units (MMBtu) mark, the U.S. Energy Information Administration (EIA) said on Monday. “We forecast increases in natural gas prices as demand for natural gas grows faster than supply …
U.S. Natgas Price to Average Higher in 2024 and 2025 – EIA Read More »
Two coal-fired plants are crucial to company’s power supplies Utilities under growing pressure to clean up generation fleets Bloombert FirstEnergy Corp. abandoned its 2030 target for slashing greenhouse-gas emissions because coal plants can’t be replaced in time, marking a major about-face in the movement to protect the climate. Utilities across the US have announced a slew …
FirstEnergy Scraps 2030 Climate Goal in Rare Embrace of Coal Read More »
(Reuters) – Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets. Brent crude futures were down 82 cents, or about 1%, at $81.37 a barrel, while U.S. West Texas Intermediate crude futures …
Oil Slips After Rally Last Week on Middle East, Right Supply Read More »
