Whitecap, Veren Create Top Canadian E&P Post $10.4B Merger
The combined company will operate under the Whitecap Resources name and is selling non-strategic assets in Saskatchewan and Kaybob as Whitecap and Veren integrate.
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California Drivers Are Paying Up as Refineries Disappear
Governor Gavin Newsom’s latest outreach to the Golden State’s oil companies may be too late to arrest a steady decline in gasoline production. By Nathan Risser Californians are accustomed to paying the highest gasoline prices in the US. That trend likely will continue because of the state’s reliance on a dwindling fleet of oil refineries. …
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Blackstone Is in Talks for New Mexico Utility Owner TXNM
By David Carnevali, Ryan Gould, and Dinesh Nair Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter. The private equity firm’s infrastructure arm, Blackstone Infrastructure Partners, has emerged as the likeliest buyer of TXNM after other suitors dropped out of …
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US House Budget Bill Seeks More Than $1.5B for Strategic Petroleum Reserve
The proposal from the House Committee on Energy and Commerce contains $1.32 billion to purchase oil to help replenish the Strategic Petroleum Reserve and $218 million for maintenance of the facility.
Aligned Climate Closes Solar Fund with Over $200MM in Commitments
The fund, called Aligned Solar Partners 6 LP (ASP6), acquires construction-ready distributed solar projects from development partners across the U.S.
Iran is Preparing for Russian President Vladimir Putin to Visit, Tehran Says
Iran is preparing for a visit by Russian President Vladimir Putin, Iran’s government spokesperson Fatemeh Mohajerani was quoted by Russia’s state RIA news agency as saying on Monday. “Putin’s trip to Tehran is currently being worked out, preparations are underway,” Mohajerani was quoted as saying by RIA. There was no immediate comment from the Kremlin. …
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FREE Pandell Leadership Series Webinar: Land Management Pitfalls & Trends
Join us for an insightful webinar designed specifically for land management professionals, featuring our guest speaker Matt Kopycinski, Manager Land Services from EY. We’ll delve into the evolving landscape of land management. This session will provide valuable knowledge and practical advice to help you stay ahead in this dynamic field. Key Topics: Industry Trends Challenges …
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Why Reducing Your Marketing During Times of Uncertainty is a Bad Idea – It’s Not the TIme to Disappear, It’s the TIme to Stand Out!
When uncertainty strikes—whether it’s due to economic downturns, global events, shifts in your industry or the recent threat of tariffs—the knee-jerk reaction for many businesses is to cut costs, and marketing budgets are often the first to get slashed. On the surface, this might seem like a smart move: conserve cash, protect the bottom line, …
Democratic State Attorneys General Sue to Block Trump’s Energy Emergency
Fifteen state attorneys general sued U.S. President Donald Trump on Friday to try to block his national energy emergency, which the states said is an unlawful effort to disregard regulations and fast-track permitting for oil and gas development. The Democratic state attorneys general, including those from California, Washington and New York, said using emergency …
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Ahead of China-US talks, Trump Says 80% Tariff ‘Seems Right’
U.S. President Donald Trump said on Friday an 80% tariff on Chinese goods “seems right,” suggesting for the first time a specific alternative to the 145% levies he has imposed on Chinese imports ahead of closely watched weekend talks between the two countries. U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will …
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