Elliott Investment Management said on Thursday that Phillips 66’s stock price could nearly double to $200 if the oil refiner sells or spins off its midstream business and puts more focus on refining and enhances oversight.The activist investor, which owns a $2.5 billion stake in the company, also slimmed down to four the number of …
Elliott Says Phillips 66 Share Price Could hit $200 if Changes are Made Read More »
Canvas Energy, formerly Chaparral Energy, holds 223,000 net acres in the Anadarko Basin, where M&A has been gathering momentum.
Billions of dollars in capex have been dedicated to hydrogen projects. But some projects have yet to reach final investment decisions amid continued uncertainty surrounding the Inflation Reduction Act and hydrogen production tax credits.
RPC Inc. paid $245 million in cash and other considerations for the wireline service provider.
Construction on the Homer City Generating Station is expected to start in 2026.
By Timothy Gardner WASHINGTON, April 3 (Reuters) – The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT’S IMPORTANT Rapid growth in AI is leading to the …
US Plans to Develop AI Projects on Energy Department Lands Read More »
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members to hike output by 411,000 bpd in MayOil market had expected May hike of 135,000 bpd Decision may force compliance laggards to step up, analyst says Trump has called on OPEC to lower oil prices LONDON/MOSCOW, April 3 (Reuters) – Eight OPEC+ countries unexpectedly …
OPEC+ Unexpectedly Speeds Up Oil Output Hikes, Oil Drops Read More »
(Reuters) – Russia said on Thursday that threats of military strikes against its ally Iran were unacceptable and warned that attacking the Islamic Republic could lead to potentially catastrophic results if nuclear installations were bombed. U.S. President Donald Trump threatened Iran on Sunday with bombing and secondary tariffs if Tehran did not come to an …
Russia Says U.S. Threats of Military Strikes Against Iran Are Unacceptable Read More »
BKV Corp. applies its refrac playbook—tried and true in the Barnett Shale—to potential M&A targets as it looks to gain contiguous acreage, Upstream President Eric Jacobson told Hart Energy at DUG Gas.
The lower 48 U.S. states added 29 Bcf of natural gas to storage for the week ending March 28, slightly higher than market expectations between 25 Bcf to 27 Bcf.
