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Takeaways by Bloomberg AI Williams Cos. reached a deal to buy Momentum Midstream LLC from EnCap Flatrock Midstream through a deal valued up to $5.5 billion, expanding its natural gas network along the US Gulf Coast. Williams will pay $3.5 billion in cash and debt consideration and about $2 billion in stock for the company, adding …
M&A: Williams Agrees to Buy Momentum Midstream for $5.5 Billion Read More »
Summary Brent averaged $126.41/bbl in April, up from $69.82 in January Analysts expect shareholder returns, not higher drilling (Reuters) – U.S. shale producers are expected to report their strongest quarterly profits since 2022 after the Iran war sent crude prices soaring, with analysts expecting much of the windfall to be returned to shareholders rather …
A U.S. appeals court found Enbridge liable for trespass for running a pipeline under land belonging to a northern Wisconsin tribe, but gave the Canadian energy company more time to reroute the pipeline and ordered a recalculation of damages. Thursday’s decision by the 7th U.S. Circuit Court of Appeals in Chicago addressed appeals from a federal district …
(Reuters) – QatarEnergy (QE) has bought 33 spot LNG cargoes this year from the U.S. for delivery to South Korea, Taiwan, Bangladesh, India and Japan, four trade and industry sources said, as it tried to reduce disruption to key customers after Qatari gas exports through the Strait of Hormuz were halted by the Iran war. …
QatarEnergy Buys 33 US LNG Cargoes to Offset Hormuz Disruption Read More »
U.S. President Donald Trump has sent Congress formal notification that hostilities against Iran resumed on July 7, a letter his administration sees as opening a new 60-day window to use the military in the region without congressional approval. “I directed this military action consistent with my responsibility to protect Americans and United States’ national …
Trump Sends Congress Formal Notice that Iran Conflict has Resumed Read More »
Summary Trump says interim accord with Iran to end war is ‘over’ US launches new strikes on Iran Iran responds with attacks on Kuwait and Bahrain China lifts fuel export curbs for July, sources say July 8 (Reuters) – Oil prices jumped more than 6% on Wednesday, hitting a two-week high after U.S. President …
Oil Jumps over 6% to two-week high after Trump says deal with Iran ‘over’ Read More »
David Blackmon As we celebrate America’s 250th birthday, one of the finest blessings our Founders gave our nation stands out with particular clarity: the system of free enterprise. That system did not merely enable liberty and prosperity in the abstract. It unleashed the human ingenuity, risk-taking, and capital allocation that turned America into the world’s …
America’s Energy Dominance: The Fruit of Freedom on Our 250th Read More »
Canada’s South Bow and U.S.-based Bridger Pipeline plan to jointly develop a new oil pipeline from Guernsey, Wyoming, to Cushing, Oklahoma, the companies told Reuters on Tuesday. The project will be developed along a corridor acquired from another company, South Bow and Bridger said in an email. The companies said their priority was to engage …
South Bow, Bridger to Develop New Oil Pipeline From Wyoming to Cushing, Oklahoma Read More »
(Reuters) – U.S. pipeline operator Williams is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. The Tulsa, Oklahoma-based company is putting the finishing touches on an agreement to buy Momentum from private equity firm …
IN TALKS: Williams in Talks on $5.5 Billion Deal for Momentum Midstream – Report Read More »
By David Carnevali, Ryan Gould, and David Wethe Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter. The Houston-based shale producer is poised to win the auction for …
Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion Read More »
