Post Tagged with: "oil and gas"

Source: Reuters

Activist investor pushes for bolder action as bp “quietly” pivots back toward oil and gas

World Oil


(Bloomberg) – bp Plc is showing signs of a pivot back toward oil and gas that should boost returns, but is doing it too quietly to benefit its share price, according to activist investor Bluebell Capital Partners.

Four

Source: Reuters

Oil and gas upstream M&A deal value hits highest Q1 levels since 2017

Nasdaq


An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.

Deals worth more than $55 billion …

Source: Reuters

Canada’s oil and gas firms to boost upstream capex to $30 billion in 2024

Oil Price


Canada’s oil and natural gas sector is set to boost upstream capital expenditures to around US$30 billion (C$40.6 billion) in 2024, up slightly from an estimated actual investment of US$28.8 billion (C$39 billion) for 2023, the Canadian Association …

Source: Oil Price

Canadian oil and gas companies relinquish all Pacific Coast permits

Oil Price


Canada is celebrating a milestone as oil and gas companies have now voluntarily relinquished the last remaining permits for oil and gas exploration and development off its Pacific Coast.

Canada has a federal moratorium on all offshore oil …

Transportation Oil Gas Congress 2024 on February 19-20, 2024 in Milan, Italy

Transportation Oil Gas Congress 2024 on February 19-20, 2024 in Milan, Italy

Oil and Gas 360


CO2 Debates: Steering the Course to a Low-Carbon Economy with Efficient CO2 Transportation

 

As the world grapples with the escalating climate crisis, the urgent need to transition to a low-carbon economy has never been more

Source: Reuters

Eni smashes earnings estimates with record gas performance

Oil Price


Eni’s (NYSE: E) fourth-quarter and 2023 earnings exceeded consensus estimates as “record-breaking” performance in the gas and LNG division offset weaker oil and gas prices and refining margins.

The Italian energy major reported on Friday adjusted …

Source: Reuters

U.S. drillers scale back operations as gas prices tumble

Oil Price


U.S. natural gas producers are beginning to reduce drilling and investment as low prices weigh on their returns.

Reuters reports that natural gas prices in the U.S. hit the lowest in three and a half year, betraying drillers’ …

Source: Oil Price

U.S. and EU discuss new “Robust Anniversary” sanctions on Russia

Oil Price


The United States and the EU, together with partners, discussed this week the potential of slapping “robust” new sanctions on Russia ahead of the second anniversary of the Russian invasion of Ukraine, a senior U.S. official told Reuters

Oil majors rejigger portfolios with $30-per-barrel price in mind

Oil majors rejigger portfolios with $30-per-barrel price in mind

Nasdaq


HOUSTON – Oil majors are targeting new oilfields that can be profitable even if oil prices fall to about $30 per barrel, using a third year of rising demand to reshape portfolios amid uncertainty over the industry’s future.

Investors …

Bayswater acquires new DJ assets & continues to expand Colorado footprint

Bayswater acquires new DJ assets & continues to expand Colorado footprint

Oil and Gas 360


NEWS PROVIDED BY

Bayswater Exploration & Production, LLC 

12 Feb, 2024, 13:08 ET

DENVERFeb. 12, 2024 /PRNewswire/ — Bayswater Exploration & Production (Bayswater), a Denver-based oil and natural gas development company, recently acquired …

Source: Reuters

Mexican tycoon Slim cites interest in more oil investments, growing stake in Talos

Investing


MEXICO CITY-Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy (NYSE:TALO)’s projects, after the billionaire businessman bought a stake last year in a major offshore project discovered …

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to merge to create a premier Permian independent oil and gas company

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to merge to create a premier Permian independent oil and gas company

Oil and Gas 360


MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which …

Source: World Oil

Argentina plans sweeping oil and gas asset sale to focus on shale production

World Oil


(Bloomberg) – Argentina’s biggest oil company, state-run YPF SA, is planning a sweeping asset sale under President Javier Milei to sharpen its focus on shale production and boost its share price.

The plan is part of a broader …

Source: World Oil

Booming shale production lifts Exxon, Chevron forecasts as oil and gas earning season kicks off

World Oil


(Bloomberg) – Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices.

Exxon rose as much as 1.6% in New York and Chevron climbed …

Source: Reuters

US oil and gas dealmaking reaches fever-pitch in 2023, Enverus says

Nasdaq


Blockbuster takeovers by oil and gas majors pushed the value of U.S. energy dealmaking last year to a record $192 billion, more than triple the amount in 2022, according to data from analytics firms Enverus on Tuesday.

Acquisitions in …

Hydrogen Pipeline Infrastructure: Assessing Readiness with TOGC 2024

Hydrogen Pipeline Infrastructure: Assessing Readiness with TOGC 2024

Oil and Gas 360


One of the highlights of the business programme of the Transportation Oil and Gas Congress (TOGC 2024) is the topic of hydrogen readiness of infrastructure. C-level audience and leading technical specialists gather to discuss cases of

Source: Reuters

Texas regulator issued 639 drilling oil, gas drilling permits in November 2023

World Oil


AUSTIN – The Railroad Commission of Texas issued a total of 639 original drilling permits in November 2023. The total includes 588 to drill new oil or gas wells, five to re-enter plugged wellbores and 37 for re-completions …

Source: World Oil

Texas commissioner slams Biden’s “onerous” methane rules that increase oil, gas prices

World Oil


AUSTIN – Railroad Commissioner Wayne Christian issued a statement regarding new onerous methane rules proposed by the Biden administration’s Environmental Protection Agency (EPA).

 

“While costs for hard-working Americans are up nearly $11,000 this year everywhere from the …

Namibia’s oil and gas sector spurs global investment rush and opportunities for Namibian service provider – Skeltek/Rheopectic EnerCom Exclusive Interview

Namibia’s oil and gas sector spurs global investment rush and opportunities for Namibian service provider – Skeltek/Rheopectic EnerCom Exclusive Interview

Publisher's Note: Dan Genovese with EnerCom spoke with Anthony Diab and Chris Williams – Co-Founders and Directors with Skeltek/ Rheopectic to discuss Namibia’s oil boom that has attracted international oil giants, including TotalEnergies, GALP, Shell, QatarEnergy, Chevron and ExxonMobil in

Source: Reuters

Shell changes approach to mid-century net-zero goal while focusing on oil, gas

World Oil


(Bloomberg) – Shell Plc still plans to achieve net zero emissions by the middle of the century, but its approach to hitting that target has changed, its CEO said. “For avoidance of doubt, what hasn’t changed is the …

Source: Reuters

COLUMN-Investors dumped oil among fastest rates in last decade: Kemp

Nasdaq


LONDON – Portfolio investors have dumped positions in petroleum at some of the fastest rates in the last decade in the most recent week as the bullish sentiment that built up after OPEC⁺ production cuts evaporated.

Investors reacted negatively …

Source: Reuters

Expansion of rice whale’s critical habitat in Gulf of Mexico to negatively impact oil, gas operations, Texas regulator warns

World Oil


AUSTIN- The Railroad Commission of Texas has submitted comments in response to the National Marine Fisheries Service (Service) proposal to designate a huge swath of waters in the Gulf of Mexico – approximately 28,270 square miles – as …

October 13, 2023 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Exclusive: Triple R Energy Partners at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: Triple R Energy Partners at the 2023 EnerCom Denver-The Energy Investment Conference

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Triple R Energy Partners provides capital and expertise to Reduce Refrac Risk™ and turn stranded assets

Exclusive: Project Geminae at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: Project Geminae at the 2023 EnerCom Denver-The Energy Investment Conference

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Project Geminae is a cutting-edge, U.S-based upstream oil and gas portfolio optimization company with a mission to

Exclusive: Rheopectic/Skeltek at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: Rheopectic/Skeltek at the 2023 EnerCom Denver-The Energy Investment Conference

Publisher's Note: View EnerCom Denver-The Energy Investment Conference®  and Energy Transition and Emerging Technology Series replays free for a limited time. 


Rheopectic–through its subsidiary Skeltek Industrial Works (PTY) Ltd.—is a Namibian-registered company, is the premier supplier of services engaged

Exclusive: Shale Ingenuity at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: Shale Ingenuity at the 2023 EnerCom Denver-The Energy Investment Conference

Publisher's Note: View EnerCom Denver-The Energy Investment Conference®  and Energy Transition and Emerging Technology Series replays free for a limited time. 


 

Shale Ingenuity LLC has invented and developed novel, highly effective processes for the enhanced hydraulic fracture stimulation

Exclusive: RW Energy at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: RW Energy at the 2023 EnerCom Denver-The Energy Investment Conference

Publisher's Note: View EnerCom Denver-The Energy Investment Conference®  and Energy Transition and Emerging Technology Series replays free for a limited time. 

RW Energy is a blue hydrogen logistics company that supports companies to better utilize their natural gas and

Exclusive: TerraStor at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: TerraStor at the 2023 EnerCom Denver-The Energy Investment Conference

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TerraStor enables electrical grids to achieve 100% renewable penetration by developing grid-scale, long-duration energy storage systems. 

 
Exclusive: LiTHOS at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: LiTHOS at the 2023 EnerCom Denver-The Energy Investment Conference

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LiTHOS aims to be the leader in the application of Direct Lithium Extraction(DLE) technology for economic, environmentally

Exclusive: Service Industry Panel at the 2023 EnerCom Denver-The Energy Investment Conference

Exclusive: Service Industry Panel at the 2023 EnerCom Denver-The Energy Investment Conference

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Panel Moderator: Larry Busnardo, Director, EnerCom, Inc. is an internationally recognized management consulting firm advising companies on strategic communications, investor relations, corporate strategy, media