Sunday, July 12, 2026
Analysis: Market for U.S. oil acreage booms along with crude price recovery- oil and gas 360

Analysis: Market for U.S. oil acreage booms along with crude price recovery

Reuters A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch. Sales of land parcels worth $6.9 billion have been announced in the first five months of 2021, almost eclipsing the $7 billion recorded in all of 2020,

Rosneft begins hunt for contractors for massive Vostok Oil project- oil and gas 360

Rosneft begins hunt for contractors for massive Vostok Oil project

Reuters MOSCOW – Rosneft has kicked off meetings with foreign contractors and suppliers for its massive Vostok Oil project, the Russian energy producer said on Monday. It aims to begin shipping oil from the planned project in 2024 via the Northern Sea Route, an alternative to the Suez Canal which shortens travels to the energy-hungry markets of Asia. It has