Former Weatherford International CEO Bernard Duroc-Danner is planning Pyrophyte Acquisition Corp. II, a blank check company led and advised by a wide range of financial and energy executives including Riverstone Holdings’ co-founders.
Privately held oil and gas producers from Surge Energy, Northeast Natural Energy, Anschutz Exploration, Greylock Energy and Jonah Energy dish on their plans in the Delaware, Midland Appalachian basins, where they ready to pounce on M&A opportunities.
Westwood’s CSRS acquisition is part of the company’s strategy to expand into new regions while strengthening its service offerings.
Westinghouse will be responsible for completing the vacuum vessel at the ITER nuclear fusion facility in France.
Oil prices are getting some support from the favorable refining environment, with refining margins widening and inventories of refined products declining.
The U.S. Supreme Court agreed on Monday to hear Enbridge’s bid to change the venue of Michigan’s lawsuit seeking to force the Canadian pipeline operator to stop operating a pipeline underneath the Straits of Mackinac, waterways linking two of the Great Lakes, over environmental concerns. The justices took up Enbridge’s appeal of a lower court’s ruling …
US Supreme Court to Hear Enbridge’s Venue Challenge to Michigan’s Pipeline Case Read More »
U.S. natural gas futures fell more than 6% on Monday, pressured by mild weather that kept heating and cooling demand subdued, allowing for larger-than-usual storage injections. The front-month gas futures for August delivery on the New York Mercantile Exchange (NYMEX) were down 25.3 cents, or 6.8% to $3.49 per million British thermal units (mmBtu) by …
US Natgas Prices Slide Over 6% on Mild Weather, Lower Demand Read More »
U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Total U.S. petroleum product supplied, …
US Crude Oil Output Hit Record in April, EIA Data Shows Read More »
Saipem’s CO2 compression technology will be used for CO2 re-injection as part of Eni’s Liverpool Bay carbon capture and storage project.
Hedge funds sold energy stocks last week at the fastest pace since September 2024 and at the second-quickest clip in the last 10 years, as oil prices fell on easing Middle East tensions, a Goldman Sachs note seen by Reuters on Monday showed. Crude prices tumbled over $10 last week following a cease-fire between Israel …
Hedge Funds Sell Energy Stocks as Oil Slumps, Says Goldman Sachs Read More »
