Closing Bell Story‎ Archives

Parex closes $500 million Frontera E&P acquisition in Colombia

June 1, 2026

(World Oil) — Parex Resources has completed its acquisition of the Colombian exploration and production assets of Frontera Energy, establishing the company as the largest independent oil and gas producer focused on Colombia. The transaction adds approximately 37,000 boed of production and expands Parex’s acreage position to more than 7.9 million acres, significantly increasing the company’s scale and reserve base across the

Weatherford to acquire oilfield tech firm NCS Multistage

June 1, 2026

(BOE Report) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford will pay the equivalent of 0.463 of its shares for each NCS share, with roughly 20% of the consideration in cash. Based on Reuters calculations, the deal values NCS

360 Energy Pulse: What mattered in energy this month- oil and gas 360

360 Energy Pulse: What mattered this month in energy

May 31, 2026

(By Oil & Gas 360) – May may ultimately be remembered as the month energy markets stopped treating geopolitical disruption as temporary and started pricing it as structural. What began as rising tension around the Strait of Hormuz evolved into something broader: tighter inventories, shifting trade flows, renewed LNG urgency, and growing concern that the global energy system has far

May rewired global energy markets

May 31, 2026

(By Oil & Gas 360) – May was supposed to be about stabilization. Instead, it became another month dominated by geopolitical disruption, volatile oil prices, shifting LNG flows, accelerating energy consolidation, and rising concerns about the long-term reliability of global supply. At the center of nearly everything remained the Iran conflict and the continued disruption surrounding the Strait of Hormuz, one of

360 Energy Pulse: What mattered this week in energy

May 29, 2026

(By Oil & Gas 360) – May 22, 2026– Energy markets spent the week caught between diplomacy and distrust. Headlines pointing toward a possible U.S.–Iran agreement pressured prices lower, but underneath the surface, inventories continue tightening, LNG concerns are growing, and confidence in global shipping routes remains fragile. Markets may be hoping for resolution, but they’re still pricing risk. THIS

Iran is turning Hormuz into leverage

May 29, 2026

(By Oil & Gas 360) – What began as wartime disruption has evolved into something far more strategic, Iran is increasingly turning access through Hormuz into geopolitical and economic leverage. The shift is becoming more visible by the week as Tehran expands operational control, imposes new transit procedures, and reshapes how commercial shipping moves through one of the world’s most important

From oilfields to magnets: How the U.S. is quietly rebuilding its critical minerals backbone

May 29, 2026

(Oil & Gas 360) By Greg Barnett, MBA – For years, America’s rare‑earth and critical‑minerals problem was framed as a single failure: too much dependence on China, too little domestic mining. That framing was incomplete. What is emerging now is not a race to simply dig faster. It is a coordinated effort to rebuild capability across an entire system—using defense

Record-low U.S. shale well backlog curbs fast output gains amid export surge

May 29, 2026

(BOE Report)- U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories after exports and refinery processing jumped to plug the shortfall in supply caused by the U.S.-Israeli war on Iran. Producers in the United States have increased exports to Asia and

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 4, is at 562

May 29, 2026

This week’s Baker Hughes Rig Count shows that the U.S. increased by 4 last week, resulting in a total count of 562 rigs. Canada increased by 24 over last week, resulting in a total Canadian count of 162 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Permian regions experienced an increase this week. Meanwhile, no regions

Ship attacks continue in Strait of Hormuz despite peace talks, Chevron says

May 29, 2026

(World Oil) – Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer Mike Wirth said. “There still has been kinetic activity this week, some of which has been reported in the

Oil prices fall 2% as market awaits possible US-Iran ceasefire deal

May 29, 2026

(Investing) – HOUSTON – Oil futures fell more than 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement on a potential ceasefire extension. Brent crude futures for July, which expire later on Friday, were down $1.74, or 1.86%, at $91.97 a barrel by 10:58 a.m. CDT

Why oil and gas is becoming a data business

May 28, 2026

(By Oil & Gas 360) Part II – Oil and gas companies once measured competitive advantage in barrels, acreage, and reserves; now they are increasingly measuring it in processing power, analytics capability, and data quality. Because the next phase of the industry is not just about producing hydrocarbons more efficiently, it is about understanding markets, assets, infrastructure, and risk faster

Premium Content