November 7, 2023

Crescent Point expands Canadian shale presence with $1.5 billion Hammerhead acquisition

November 7, 2023

Yahoo Finance (Bloomberg) — Crescent Point Energy Corp. agreed to buy Hammerhead Energy Inc. for about C$2.05 billion ($1.5 billion) in the driller’s latest deal to expand its presence in the prolific shale oil and gas fields of western Canada. The cash-and-stock acquisition will add about 800 drilling locations and an expected 56,000 barrels of daily oil equivalent production in

Kinder Morgan strikes $1.82-billion deal for Texas natural gas pipelines

November 7, 2023

Oil Price Kinder Morgan will buy the natural gas pipeline portfolio of NextEra Energy Partners in Texas, paying $1.82 billion for the assets. The pipeline network has a throughput capacity of 4.9 billion cu ft daily, Kinder Morgan said in a news release about the deal. The company added that the pipeline assets were “highly contracted”, with the average length of contract at

OPEC+ remains positive on global oil demand before evaluating production cuts

November 7, 2023

World Oil (Bloomberg) – OPEC+ still has a positive outlook for growth in oil demand, despite the headwinds faced by the global economy, as it prepares for its next ministerial meeting. “The economy, despite the challenges, is still doing quite well,” OPEC Secretary-General Haitham Al-Ghais said at the Argus European Crude Conference in London on Tuesday. “We are positive on demand,

Department of Energy invites bids for SPR oil refill

November 7, 2023

Oil Price The Department of Energy has issued an invitation for bids for some 3 million barrels of crude that will go into the strategic petroleum reserve as part of refill efforts. In the announcement, the DoE twice noted that it had sold oil from the SPR at much higher prices than it is buying it now back at, with the difference

Oil prices at 2-1/2 month lows as China data offset supply cuts

November 7, 2023

Investing LONDON – Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $1.45, or 1.7%, to $83.73 a barrel as of 1242 GMT while U.S. West Texas Intermediate crude was at $79.58 a barrel, down $1.24, or 1.53%. Both

New Fortress Energy, Pemex scrap Mexican deepwater gas project

November 7, 2023

Reuters New Fortress Energy (NASDAQ:NFE) and state energy company Pemex have terminated a deal to develop what could have been Mexico’s first deepwater natural gas project, Reuters reported Tuesday. Pemex wants to continue with the development of the Lakach gas field in the Gulf of Mexico and is in talks with other companies, according to the report, which did not

Crescent Point expands Canadian shale presence with $1.5 billion Hammerhead acquisition

Kinder Morgan strikes $1.82-billion deal for Texas natural gas pipelines

OPEC+ remains positive on global oil demand before evaluating production cuts

Department of Energy invites bids for SPR oil refill

Oil prices at 2-1/2 month lows as China data offset supply cuts

New Fortress Energy, Pemex scrap Mexican deepwater gas project

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