Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Donald Trump to lower prices, Bloomberg News reported on Monday citing delegates.Global oil markets remain too fragile to revive production now, the report cited one delegate as saying, adding that another …
OPEC+ Considers Delay to April Oil Supply Increases Read More »
U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to hit clean energy targets. Former President Joe Biden set a target in 2021 for the United States to achieve net-zero emissions by 2050 to help fight climate …
US Energy Secretary Attacks ‘Sinister’ Net Zero Goals, Singling Out Britain Read More »
Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
(Reuters) – Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of EnCap-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion. The deal would give Diamondback access to about 40,000 net acres in the core of Midland Basin, one of the last large assets in the Permian …
Diamondback Energy to Expand Permian Presence with $4.08 Billion Deal Read More »
The scrum to replace Russian supply is sparking bumper premiums for Middle Eastern crude. Bloomberg News Right now in the crude market there are two contrasting stories. For the grades that underpin Brent and West Texas Intermediate futures, things aren’t looking great. Refineries in Europe and the US are entering an annual period of maintenance that acts …
Shortage of Heavy Oil Is Proving to Be a Boon for OPEC Read More »
President Donald Trump vowed to complete the long-stalled Constitution Pipeline that would transport natural gas to New York, saying it could slash energy prices in northeastern US states by as much as 70%. “We are going to get this done, and once we start construction, we’re looking at anywhere from nine to 12 months, if you …
Trump Vows Completion of Constitution Pipeline For New Yorkers Read More »
Tarco Consulting Inc. and MDS Aero Support Corporation have combined their strengths to deliver life-extending turnkey solutions for industrial gas turbine operators. This collaboration addresses key concerns such as age-related degradation, obsolescence, and the growing need for modernization, all while providing advanced solutions to improve the efficiency and reliability of critical equipment. The energy industry …
New Life for Gas Turbines: Tarco and MDS Jointly Offer Innovative Solutions Read More »
In the dynamic world of energy production, staying ahead of evolving market needs while maintaining North American Energy Standards Board [NAESB], The Federal Energy Regulatory Commission [FERC], and Canada Energy Regulator [CER] regulatory compliance can be a challenge for pipeline operators. Here are some common hurdles: Regulatory Complexity: The energy sector is heavily regulated, with …
Clarity and Compliance for Pipeline & Storage Made Simple Read More »
• US reciprocal tariff recommendations expected in April • Ukraine peace talks could pave way for Russia sanctions easing • US can apply maximum economic pressure on Iran, Treasury Secretary says • US oil and natural gas rig count rose for a third week in a row NEW YORK, Feb 14 (Reuters) – Oil prices …
Oil Settles Lower, Supply Worries Ease on Hopes for Ukraine Peace Deal Read More »
HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) (the “Company”) announced today that the Company has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. The Company became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of Marathon Oil Corporation in November 2024, which made the Company subject to Canadian continuous disclosure …
