What’s Affecting Oil Prices This Week? (Jan. 27, 2025)
For the upcoming week, Stratas Advisors predict that the price of Brent crude will threaten $75.
GLJ Announces Key Leadership Promotions to Drive Future Growth
CALGARY, Alberta – GLJ Ltd. (“GLJ”), a global leader in energy resource evaluations and emerging energy service solutions, is pleased to announce key organizational changes that position the company for continued success and innovation. These promotions underscore GLJ’s commitment to leadership excellence, technical expertise, and delivering unmatched value to clients worldwide. Tracy Bellingham promoted …
GLJ Announces Key Leadership Promotions to Drive Future Growth Read More »
Atlas Energy Solutions to Acquire OFS Power Company Moser for $220MM
Atlas Energy Solutions said it will purchase Moser Energy Systems in a cash-and-stock deal that adds power services in the company’s core Permian Basin operating area.
Germany’s Scholz Welcomes U.S. Turnaround in Energy Policy, Handelsblatt Reports
German chancellor Olaf Scholz has welcomed U.S. President Donald Trump’s plans for more oil and gas exports, saying it was “good for Europe and Germany,” German newspaper Handelsblatt reported on Sunday. Scholz said in the interview the move would help in the transition phase towards climate neutrality, which would last until around the middle of …
Germany’s Scholz Welcomes U.S. Turnaround in Energy Policy, Handelsblatt Reports Read More »
Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal
Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.
Trump Seizes Wartime Powers in Battle for More Fossil Fuels
Obscure laws to be marshaled to build pipelines, power plants ‘God Squad’ to weigh projects that threaten endangered species President Donald Trump’s declaration of an energy emergency opens the door to wield sweeping Cold War-era powers and little-known authorities to fast track pipelines, expand power grids and save struggling coal plants. By invoking the country’s national and …
Trump Seizes Wartime Powers in Battle for More Fossil Fuels Read More »
Diversified Energy to Buy Maverick to Expand US Oil Asset Base
Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority. Alabama-based Diversified signed a definitive agreement to acquire Maverick, which is in the portfolio of energy and infrastructure investor EIG, for about $1.28 billion, including the assumption of debt, with payment …
Diversified Energy to Buy Maverick to Expand US Oil Asset Base Read More »
Renewed Inflation Worries Help Drive Oil Price Rally
(Reuters) – Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump’s threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia. Oil is a popular inflation hedge because energy …
Renewed Inflation Worries Help Drive Oil Price Rally Read More »
Trump Freezes Energy Department Spending, Loans
Order essentially freezes agency with about $50 billion budget Trump has vowed to unravel Biden’s climate-friendly policies The Trump administration has halted spending, loans and other actions at the Energy Department as part of a “comprehensive review” to ensure they align with the president’s priorities, according to a memo from the agency’s acting secretary seen …
New US LNG Supply Will Take Time To Start, Exxon Says
New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. Demand for LNG is rising as Europe turns to the fuel to help plug gaps after losing the supply of Russian gas piped through Ukraine. Exxon …
New US LNG Supply Will Take Time To Start, Exxon Says Read More »