Fatal Texas Oilfield Accident Leaves One Dead, Two Injured
One man was killed and two others were injured at an oilfield in Texas on Jan. 29 where ProPetro Services was conducting fracking operations at a well site owned by Permian Resources Corp.
Hirs: Investing for 2025—Growth by Acquisition
Fundamentals will push against increased production and a buyers’ market will rule.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
EU Won’t Ban Russian LNG Until it Secures Alternatives, Diplomats Say
The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States, EU diplomats said. “First you have to have a deal because otherwise you will be left without gas from Russia and without …
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Mexico to Speed up Plans to Double Gas Storage Capacity Amid Trump Supply Fears
Mexico’s government is looking to speed up plans to double its strategic natural gas storage capacity amid concern that U.S. President Donald Trump could use the country’s dependence on U.S. gas as some form of leverage, three sources familiar with the matter said. Mexico, a net importer of natural gas, has just 2.4 days of …
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US Upstream Oil and Gas Dealmaking Hit $105 Billion in 2024, Enverus Says
Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday. Last year’s total deal value fell sharply behind the whopping $192 billion in mergers and acquisitions …
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Cummins, Liberty Energy to Deploy New Engine for Fracking Platform This Year
Liberty Energy Inc. and Cummins Inc. are deploying the natural gas large displacement engine developed in a partnership formed in 2024.
US Crude Stocks Rise as Refiners Cut Production Amid Winter Storms, EIA Data Shows
U.S. crude stocks rose last week as refinery utilization slipped, the Energy Information Administration (EIA) said on Wednesday, as winter storms sweeping the country hit fuelmakers’ operations and boosted distillates demand. Crude inventories rose by 3.5 million barrels to 415.1 million barrels in the week ended Jan. 24, the EIA said, compared with analysts’ expectations …
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Ørsted, PGE Greenlight Baltica 2 Wind Project Offshore Poland
Ørsted said Baltica 2 is expected to be fully commissioned in 2027.
Matador Appoints Paul W. Harvey to Board
Harvey holds over 40 years of investment experience and is currently the private wealth adviser at Dallas-based Vaquero Private Wealth.