Finance
Devon–Coterra deal signals investors still rule the shale patch
(Oil Price) – Last month’s announcement that Devon Energy and Coterra Energy are merging to create a $58-billion giant is the latest mega-deal in the U.S. shale patch, signaling smaller public companies are seeking multi-basin, multi-year increases in drilling opportunities. In early February, Devon Energy
Exclusive-US bank floats plan to repay US investors via Lukoil asset sale, sources say
(Investing) – LONDON – U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil’s foreign assets be used to repay American investors who lost money when Russia’s war in Ukraine froze their Lukoil stock holdings, sources said.
Aggressive activist investor is gunning for Phillips 66
(Oil Price) – Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands. The aggressive activist investor—best known for shaking up boardrooms and strong-arming CEOs into “unlocking
Asset Sales, debt reduction and gas growth mark some Q4 E&P moves
(By Oil & Gas 360) – Capital discipline continues to define strategy across the U.S. energy sector. SM Energy announced an agreement to sell its South Texas assets to Caturus Energy for $950 million, further streamlining its portfolio and reinforcing liquidity. The transaction reflects
UBS raises average Brent price forecasts for first quarter, full year 2026
(Investing) – UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the Strait of Hormuz. The bank now sees the Brent price
Clean Energy markets face a volatile year despite record global investment
(Oil Price) – It’s been a volatile year for clean energy markets. Despite major policy shifts impacting green industries, global renewable energy investment hit a record high in 2025. A closer look at last year’s figures reveals a high level of ambivalence in the marketplace,
Hormuz risk sends energy shipping costs soaring: Oil & Gas 360
(By Oil & Gas 360) – Escalating tensions involving Iran are reverberating through global energy markets, as security concerns around the Strait of Hormuz push shipping costs sharply higher and raise questions about the reliability of one of the world’s most critical oil transit
Oil prices hover around four-month high, buoyed by weak dollar and outages
(Investing) – NEW YORK- Oil prices rose to their highest since late September on Wednesday after a winter storm disrupted U.S. crude production while a weak U.S. dollar and continued Kazakh outages lent further support. Brent crude futures were up 43 cents, or 0.64%, to $68
