November 10, 2025

Ranger Energy to acquire American Well Services, expanding Permian footprint

November 10, 2025

(World Oil) – Ranger Energy Services, Inc. announced an agreement to acquire American Well Services (AWS) from Argonaut Private Equity in a transaction valued at approximately $90.5 million, expanding Ranger’s well-servicing scale by roughly 25% and positioning it as the largest well services provider in the Lower 48. The acquisition strengthens Ranger’s presence in the Permian Basin, adds complementary service lines,

Norway’s $2.1 trillion oil fund seeks renewables deals in U.S.

November 10, 2025

(Oil Price) – Norway’s $2.1-trillion oil fund is looking to invest in renewable energy assets in the U.S. and expand its clean energy portfolio in Europe, a senior executive at the world’s largest sovereign wealth fund told Bloomberg in an interview published on Monday. The fund has recently hired three people in New York, Harald von Heyden, global head of energy and infrastructure

Lukoil declares force majeure on Iraq oil shipments following U.S. sanctions

November 10, 2025

(World Oil) – Russia’s Lukoil PJSC declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq, according to a person with knowledge of the matter. The move is a sign that sanctions against Russia’s No. 2 oil producer are beginning to impact its international operations. The U.S. announced penalties against the firm last month as part

Shell abandons two major UK offshore wind projects

November 10, 2025

(Oil Price) – Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore Wind project in the United States. Offshore

Chevron investor day puts spotlight on post-Hess strategy

November 10, 2025

(BOE Report) – When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer’s investor day, portfolio managers will be eager to hear CEO Mike Wirth’s plan to finally reap rewards from the Hess acquisition and begin a new phase of growth. The event is lining up to be a victory lap for Wirth after the

Oil edges higher as US shutdown talks advance, oversupply concerns persist

November 10, 2025

(Investing) – LONDON -Oil prices edged higher on Monday as investors assessed moves aimed at ending the U.S. government shutdown while concerns around oversupply in the crude market persisted. Brent crude futures rose 43 cents, or around 0.7%, to $64.06 a barrel by 1409 GMT. U.S. West Texas Intermediate crude was at $60.18 a barrel, also up about 43 cents or 0.7%. The U.S.

Ranger Energy to acquire American Well Services, expanding Permian footprint

Norway’s $2.1 trillion oil fund seeks renewables deals in U.S.

Lukoil declares force majeure on Iraq oil shipments following U.S. sanctions

Shell abandons two major UK offshore wind projects

Chevron investor day puts spotlight on post-Hess strategy

Oil edges higher as US shutdown talks advance, oversupply concerns persist

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