(Reuters) – Shares of Flowco Holdings opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion. The company’s shares opened at $29 apiece, compared with the IPO price of $24. Hopes of a friendlier regulatory environment for deals …
Flowco Valued at $2.55 bln as Shares Jump in Strong NYSE Debut Read More »
(Reuters) – U.S. natural gas storage is on track to end the November-March winter withdrawal season at a three-year low of 1.811 trillion cubic feet (tcf) on March 31, 2025, according to analysts’ estimates. That compares with an eight-year high of 2.306 tcf of gas in storage at the end of the winter withdrawal season …
US NatGas End-of-Season Storage to Slide to Three-Year Low in March Read More »
(Reuters) – President-elect Donald Trump’s pick for Treasury Secretary, Scott Bessent, said he “100%” supports raising sanctions on Russian oil producers if the future president requests doing so. Bessent told U.S. senators on the Senate Finance Committee that he believes the Russian sanctions from the Biden administration “were not fulsome enough.” “I think if any …
Trump’s Treasury Pick Bessent Calls for Stronger Sanctions on Russia Over Ukraine War Read More »
Chevron and Brightmark Fund Holdings’ facilities in Iowa, Michigan, Ohio, South Dakota and Wisconsin are producing RNG using biogas from dairy livestock.
Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.
TXO Partners plans exploit a 3,520-acre play as Phase 1 development in the Mancos Shale.
Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
BP will cut over 5% of its global workforce as part of efforts to reduce costs and rebuild investor confidence.
BP to cut 4,700 staff this year Another 3,000 contractor positions to be cut CEO aims to cuts at least $2 bln in costs by 2026 (Reuters) – BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence …
(Reuters) – President-elect Donald Trump’s pick for secretary of the interior, Doug Burgum, will tell lawmakers during his nomination hearing on Thursday that he will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters, calling it key to national security. The comments signal a coming sharp turn in policy after …
