CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at CDN $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal …
CANADIAN MEGA DEAL – Cenovus Signs Cash-and-Stock Deal to Buy MEG Energy Read More »
Cenovus Energy is acquiring fellow Canadian firm MEG Energy for CA$7.9 billion (US$5.7 billion).
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country’s maturing shale industry which has seen growth slow and costs rise. The U.S. is the world’s largest oil and natural gas …
Surging US LNG Exports to Fuel Gowth in Shale Gas Production Read More »
Summary Ukraine stepping up attacks on Russian energy infrastructure Unecha pumping station key part of Europe-bound Druzhba pipeline Russian regional governor says Unecha site catches fire as result of Ukrainian missile, drone attacks Oil flows could be halted for five days Hungary, Slovakia call on Europe to guarantee supply security KYIV/BUDAPEST, Aug 22 (Reuters) …
Ukrainian Attack Suspends Russian Oil Flows to Hungary, Slovakia Read More »
WASHINGTON, Aug 21 (Reuters) – The Trump administration on Thursday issued more Iran-related sanctions, targeting 13 entities based in Hong Kong, China, the United Arab Emirates and the Marshall Islands, as well as eight vessels, the U.S. Treasury Department said. The measures cover Greek national Antonios Margaritis and his network of companies and vessels that …
US Issues Sanctions on Networks, Vessels for Dealing in Iran Oil Read More »
EOG Resources bought the oily Ohio Utica’s top producer Encino Energy Aug. 1. Combined, EOG and Encino’s second quarter combined output from the play was more than 80,000 bbl/d, according to newly released Ohio state data.
Oklo and ABB are collaborating to enhance its Aurora powerhouse monitoring room with automation capabilities.
Under a multi-year agreement, Abu Dhabi National Oil Co. has placed its first order with Blackline Safety Corp. for up to 28,000 connected gas detectors.
ConocoPhillips’ 20-year agreement with Sempra secures 4 mtpa of U.S. LNG for global markets as energy demand rises.
Fermi America and Westinghouse plan to power an AI data center with the largest U.S. nuclear site.
