(Reuters) – 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, …
Weatherford to Acquire Oilfield Tech Firm NCS Multistage Read More »
By Ahmad Ghaddar and Alex Lawler Seven members likely to raise target by 188,000 bpd on Sunday, sources say Most cannot meet targets due to Hormuz closure Group-wide OPEC+ policy expected to remain unchanged OPEC delegates hold technical talks in Vienna this week VIENNA, June 1 (Reuters) – OPEC+ oil-producing countries will likely agree a …
OPEC+ Likely to Raise July Oil Output Target Despite Hormuz Disruption, Sources Say Read More »
The U.S. said it struck Iranian military sites at the weekend and Iran’s Revolutionary Guards said on Monday it had targeted a U.S. base in response, the latest exchange of attacks amid negotiations to end the three-month-old war. The U.S. and Iran have sporadically exchanged strikes since their ceasefire took effect in early April as …
US Says it Struck Iranian Military Sites, Tehran Responds with Air Base Attack Read More »
Goldman Sachs said late Sunday that weak oil demand in China and Europe poses a major downside risk to its fourth-quarter Brent crude forecast of $90 a barrel and WTI forecast of $83, although Middle East supply disruptions could still push prices higher. Here are a few details: * April retail sales data from …
Goldman Sachs Flags Demand Weakness as Key Risk to Oil Price Outlook Read More »
Bloomberg News Wildfires have erupted in Canada’s oilsands-producing region of Alberta with large blazes within 20 kilometres of about half a million barrels a day of crude production. A total of six out-of-control fires are burning in the Lac la Biche region, where many of the largest in-situ oilsands well sites are located, with the biggest …
Wildfires Break Out in Canada’s Oil Sands Region Read More »
HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that Weatherford has entered into a definitive agreement to acquire NCS Multistage. Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford …
(Reuters) – Nearly 8% of Norwegian offshore oil and gas workers plan to strike from June 5 if state-brokered wage mediation fails, labour union data showed on Monday. It was too early to say how a potential strike could impact production from oil and gas fields, a spokesperson for Offshore Norway, which …
Nearly 8% of Norway Oil Workers Threaten Strike From June 5 Read More »
Summary Israel orders troops to advance further into Lebanon US proposes gradual de-escalation plan for Israel and Lebanon Goldman Sachs flags weak oil demand in China and Europe Brent crude oil prices lost around a fifth in May (Reuters) – Oil prices rose more than 3% on Monday after Iran and the U.S. traded strikes and Israel …
Oil Prices Rise as US, Iran Trade Strikes, Israel Moves Further Into Lebanon Read More »
By David French and Shariq Khan Stone Ridge offers around $8 billion for Devon’s Marcellus shale position, sources say The Stone Ridge offer would be supported by largest ever ABS financing in US oil and gas, sources say Devon reviewing its business post-Coterra merger, prioritizing shareholder value and capital allocation Unclear whether Stone Ridge offer …
Devon Energy Gets $8 Billion Offer for Marcellus Position, Sources Say Read More »
May 29 (Reuters) – The heads of the International Energy Agency, International Monetary Fund, World Bank and World Trade Organization warned on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest. The U.S.-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over …
IMF, World Bank, Others Warn Middle East War is Straining Energy Supplies Read More »
