Friday, July 18, 2025

Exxon Weighs Sale of Nigerian Oil and Gas Fields for Up To $3 Billion: Reuters

From Reuters Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters. The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3 billion, two sources

Alberta Crude Inventories Rise Despite Production Curtailments

From Reuters The amount of oil in storage in Alberta rose in February, monthly data shows, despite moves by the government of Canada’s largest crude-producing province to reduce inventories by imposing curtailments on production. The reason is a sharp decline in crude by rail shipments, analysts say. A significantly narrower discount on Canadian crude compared with U.S. barrels as a

Permian Basin: Stonepeak Buys Oryx Midstream for $3.6 Billion Cash - Oryx Midstream pipe and storage - Permian Basin - Oil & Gas 360

New Permian Deal: Stonepeak Buys Oryx Midstream for $3.6 Billion Cash

Permian Basin E&Ps WPX, Concho to cash in on transaction Oryx plans to “aggressively grow our footprint in the Permian Basin” “Oryx is the most attractive private Permian midstream asset Stonepeak has evaluated” Affiliates of Quantum Energy Partners, Post Oak Energy Capital, Concho Resources (stock ticker: CXO, $CXO), WPX Energy (stock ticker: WPX, $WPX) and other investors announced today that