If Shell acquires BP, it would create a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp., with upstream oil and gas production of nearly 5 million barrels of oil equivalent a day. Summary by Bloomberg AI The deal would give Shell dominance in LNG sales, with combined sales jumping …
BP-Shell Megadeal Would Create European Rival to Exxon Mobil Read More »
Ukraine’s parliament ratified a deal with the US over access to the country’s natural resources, lending its full support to attempts by President Volodymyr Zelenskiy to improve ties with Donald Trump. Ukraine and the US reached the accord a week ago after long negotiations that led Washington to drop its insistence on getting back billions of dollars in aid delivered …
Ukrainian Parliament Ratifies Natural Resources Deal With US Read More »
Photographer: Anthony Prieto/Bloomberg Crescent Energy Co. is looking to sell its drilling portfolio in areas including the Denver-Julesburg Basin in Colorado to focus on its core acreage in the Eagle Ford and Uinta basins. Summary by Bloomberg AI The divestment could fetch more than $1 billion, but no final decision has been made and Crescent …
KKR-Backed Crescent Energy Weighs Asset Sales to Focus on Eagle Ford, Uinta Basins Read More »
Post Oak Energy Capital was early to invest in M&R as a standalone asset class. Today, it manages 85,000 net royalty acres.
Kolibri Global Energy Inc. drilled 1.5-mile lateral wells in the Oklahoma SCOOP’s Lovina Field in less than 10.5 days on average, down from 14 days for earlier wells.
Ron Gusek, the CEO who succeeded the current U.S. secretary of energy Chris Wright, has thrived in uncertain times before and is confident about Liberty Energy’s position.
(Reuters) – The U.S. Geological Survey (USGS) released an assessment on Wednesday detailing potential undiscovered oil and gas in two formations under much of the U.S. Gulf Coast from Texas to Florida. The assessment found that there are technically recoverable resources of 35.8 trillion cubic feet of natural gas and 28 million barrels of oil …
Potential For Undiscovered Oil and Gas Resources in US Gulf Coast, Agency Says Read More »
Canadian midstream company TC Energy also completed a gas transport project in Mexico.
Permian Resources is expanding its New Mexico footprint with an acquisition of Permian Basin assets from APA Corp. for $608 million.
Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.
