Saturday, August 29, 2026

Utica Merger Looks for Q4 Close

Eclipse Resources and Blue Ridge Mountain Resources to merge Combined companies’ enterprise value: $1.4 billion Eclipse Resources Corporation (ticker: ECR) and Blue Ridge Mountain Resources, Inc. (ticker: BRMR) have entered into a definitive merger agreement under which Eclipse Resources and Blue Ridge will combine in an all-stock transaction, the companies said in a news release. Blue Ridge stockholders will receive

Saudi Aramco Gives Up Its Long-Held ‘In Perpetuity’ Oil and Gas Rights

From Financial Times Kingdom’s switch to a 40-year contract reveals power struggle with state energy group The move came as part of the kingdom’s preparations for a stock market flotation for Saudi Aramco, which has been indefinitely delayed Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and

Equinor North Sea News Mixed, With Improvements and Setbacks

Equinor Raises Estimate for Giant Sverdrup Oilfield From Reuters Norway’s Equinor on Monday increased its resource estimate for the Johan Sverdrup oilfield, the North Sea’s largest discovery in more than three decades, while cutting the cost of development. The field is believed to hold 2.2-3.2 billion barrels of oil equivalent, up from a previous forecast of 2.1-3.1 billion barrels. The overall