Saturday, August 2, 2025

Oil and Gas Industry Sees a More Subdued Recovery: Baird Survey

Oil prices expected to stay at or below $50 for the next six months Lower for longer is starting to truly set in with the oil and gas industry as buyside investors and the industry see a more muted outlook for oil and gas prices on the horizon. A survey that polled primarily buyside investors and members of the oil

Cameron Stockholders Vote to Adopt Merger Agreement with Schlumberger

Cameron (CAM) announced that its stockholders, at a special meeting held earlier today, have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of Cameron by a wholly owned subsidiary of Schlumberger Limited.  Upon completion of the transaction, each share of Cameron common stock will convert into the right to receive 0.716 shares of common stock

Congress has a Question for the Department of Interior: Why Are You Postponing Oil and Gas Lease Sales?

Representatives from 11 states want U.S. Interior Department to explain why number of new federal leases issued has fallen by 57% in the past 8 years Janice Schneider – Assistant Secretary for Land and Minerals Management On Dec. 16, 15 U.S. congressmen delivered a letter to Janice Schneider, Assistant Secretary at the U.S. Department of the Interior, expressing serious concerns with the Bureau of

TransCanada ups Energy East pipeline cost estimate by 30 percent

Story by Reuters TransCanada Corp increased the estimated cost of its Energy East crude oil pipeline by 30 percent to C$15.7 billion on Thursday as it filed an amendment to its application with Canadian regulators. The Calgary-based pipeline company said changes to the project schedule and scope had bumped up the capital cost of the proposed 1.1 million barrel per