BP cuts renewable investment and boosts oil and gas in strategy shift Summary • BP boosts oil and gas investment to $10 bln annually • Cuts transition spending by over $5 billion yearly • Reviewing Castrol, targets $20 billion in divestment (Reuters) – BP (BP.L), opens new tab slashed planned investment in renewable energy and …
BP Cuts Renewable Investment and Boosts Oil and Gas in Strategy Shift Read More »
The anti-oil and gas policies of the Liberal-NDP government have driven investment away from Canada Summary • Canada sends 90% of oil exports to US refiners • Two east-west pipeline projects canceled in last decade • Overruns pushed Trans-Mountain expansion costs to C$34 bln (Reuters) – The Canadian government would have to play a significant …
Ring Energy Inc. is bolting on Lime Rock Resources IV LP’s Central Basin Platform assets for $100 million.
With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.
Macquarie Asset Management will acquire the remaining controlling interest in Galehead Development as part of a deal that will make Galehead a subsidiary of Treaty Oak Clean Energy.
SLB’s deal to acquire ChampionX received clearance under the U.S.’ Hart-Scott-Rodino Antitrust Improvements Act.
Diamondback Energy added southern Midland Basin locations through an acreage swap with TRP Energy.
Billy Quinn, founder and managing director of Pearl Energy Investments, leads a team that thrives amid the oil and gas investment cycles.
Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
The new energy services company called Saipem7 would have an annual revenue of $21 billion.
