APA Closes $4.5B Callon Deal, Deepening Permian Roots
About two-thirds of Apache’s daily production will come from the Permian Basin after APA Corp. completed its $4.5 billion takeout of Callon Petroleum.
Dorchester Minerals Buys Interests in Two Colorado Counties
Dorchester Minerals’ acquisition totals approximately 1,485 net royalty acres for roughly $17 million.
AI Copilot, Not Captain: Pragmatic Cybersecurity to Protect Grid
AI experts at CERAWeek by S&P Global issued a wake-up call for the energy sector, suggesting AI could help secure critical infrastructure in a hostile geopolitical landscape.
Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable
CALGARY, AB, April 1, 2024 /PRNewswire/ – Enbridge Inc. (“Enbridge” or “the Company”) (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) (NYSE: PBA) for $3.1 billion, previously announced on December 13, 2023. This is an important milestone …
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U.S. Oil refiners’ Weekly Capacity Seen Up 29,000 Bpd, IIR Says
U.S. oil refiners are expected to have about 1.1 million barrels per day (bpd) of capacity offline for the week ending April 5, increasing available refining capacity by 29,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 847,000 bpd in the week ending April 12, IIR added. The …
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Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Latest Rebuff
Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt. The activist investor, the top shareholder in SilverBow, in an open letter said the company did not …
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APA Corporation completes acquisition of Callon Petroleum Company
HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) — APA Corporation (NASDAQ: APA) announced today that its acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024. “We are very pleased to close this transaction as Callon’s assets bring scale …
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Canadian Government ‘Not Interested’ in Investing in LNG Facilities, Energy Minister Says
By Reuters TORONTO, March 31 (Reuters) – Canada is not interested in subsidizing future liquefied natural gas (LNG) projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday. Countries including Greece, Germany and Japan have expressed interest in purchasing Canada’s LNG while the …
Oil Stays Near Five-Month Highs as Tighter Supply Looms
(Reuters) – Oil prices were steady on Monday near five-month highs as markets expect tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported an improving demand outlook. Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas …
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Pandell Leadership Series: Leveraging JV Business Data to Improve Vendor Management
How to Leverage Your Business Data for Managing Vendors in an Ever-Changing World Do you have a clear line of sight on the impact vendors have on your organization? Learn how to leverage critical information held in your financial system to better navigate through the vast, evolving array of supply risks and improve your overall …
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