Finance
Comstock strikes $1.65 billion SOCAR deal, $450 million Haynesville drilling JV
(World Oil) – Comstock Resources has announced a proposed $1.65 billion strategic partnership with Azerbaijan’s SOCAR alongside a $450 million drilling venture backed by Jerry Jones, providing new capital to accelerate development of the company’s Legacy and Western Haynesville natural gas assets. Under a letter of intent, SOCAR would pay $1.65 billion
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
5 energy stocks cashing in on the new energy crunch
(Oil Price) – The Iran war has created an extraordinary earnings season for U.S. refiners. Brent crude has fallen to around $90 per barrel from a wartime peak of $126, but the shortage of refined fuels has only deepened. According to Reuters, Global refinery throughput
Exclusive: Granite Ridge Resources at EnerCom Denver – The Energy Investment Conference 2026
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference presenter replays for a limited time. Granite Ridge is a premier, non-operated oil & gas exploration and production company. We invest in a diversified portfolio of production and
Stalled US permits threaten $121 billion in wind and solar investment, report shows
(Investing) – Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind, solar and storage capacity needed to meet rising power demand, according to a report published on Monday.
360 Energy Pulse: What mattered this week in energy
(By Oil & Gas 360) – The first week of September delivered a familiar geopolitical story with a potentially more consequential investment response. Fighting between the United States and Iran again pushed oil prices higher, traffic through the Strait of Hormuz remained constrained, and Europe’s
Iran’s economy is buckling under the weight of war
(Oil Price) – Every week, the shopping lists of Iranians become shorter as inflation soars and purchasing power plunges. “As things disappear from the dining table, fruit goes first, then dairy products, then anything considered non-essential,” a woman in the Iranian capital, Tehran, said
