Crescent Upsizes Stock Offering, Offers Debt for Ridgemar Acquisition
Crescent Energy is offering 21.5 million shares of its stock and borrowing additional funds to pay for the cash portion of a $905 million acquisition of Ridgemar Energy.
Despite Growth of CCS Projects, Profitability Remains Elusive
While costs are declining, CCS technologies remain expensive, with EOR and tax incentives spurring projects to capture and store CO₂.
Biden Unveils $600 Million in New Financing for African Railway to Boost Critical Minerals Infrastructure
Lobito railway will transport critical minerals to Atlantic Effort by US to counter Chinese dominance of mining in Africa President Joe Biden meets Lobito Atlantic Railway workers at the Port in Lobito, on Dec. 4.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images President Joe Biden is rounding off his trip to Angola by announcing $600 million in new financing for a …
Aramco, SLB and Linde Plan to Build Carbon Capture Project
(Reuters) – Saudi oil giant Aramco, top oilfield services company SLB and Linde, the world’s largest industrial gases company, have signed an agreement to build a carbon capture and storage project in Jubail, Saudi Arabia. Aramco will own 60% of the project while SLB and Linde will hold 20% each, the companies said in a joint statement on …
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SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Oil Prices Steady Ahead of Imminent OPEC+ Decision; Geopolitical Turmoil in Focus
Summary OPEC+ to discuss oil policy on Dec. 5 US oil and fuel stockpiles rose last week Israel warns of renewed war in Lebanon South Korea president faces impeachment after martial law debacle Dec 4 (Reuters) – Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts …
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PROFILE: Outspoken and Energy Realist CEO is Now Trump’s Oil Evangelist
Chris Wright has championed fossil fuels as a moral good and characterized climate change as modest Standing shoulder to shoulder with his employees, Chris Wright, chief executive officer of oilfield services company Liberty Energy Inc., held up his glass in a toast. “To your health and the longer lives and healthier lives of billions of people …
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What Chevron’s Anchor Breakthrough Means for the GoM’s Future
WoodMac weighs in on the Gulf of Mexico Anchor project’s 20k production outlook made possible by Chevron’s ‘breakthrough’ technology.
Exclusive: Early Findings Show Untapped Potential in Barnett Exploration
Steven Jolley, Halliburton’s Permian Basin technical manager, gives insight into potential for new drilling opportunities around Andrews County and efficiencies operators are seeing within the Permian, in this Hart Energy Exclusive interview.
Rising LNG Terminal Costs to Make New US Projects Less Competitive, Says Analyst
By Curtis Williams HOUSTON, Dec 3 (Reuters) – Rising costs of building and equipping new U.S. liquefied natural gas plants will reduce the competitiveness of U.S. gas exports, LNG analysts at Poten & Partners predicted on Tuesday. U.S projects have faced rising construction costs, with Venture Global’s Plaquemines export plant under construction in Louisiana over …
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