Crescent’s Credit Score Found Positive Following $2.1B SilverBow Deal
Crescent Energy, which is in the process of buying SilverBow Resources, said ratings agencies Moody’s, Fitchand S&P Global reacted positively to the pending $2.1 billion deal.
Enerplus, Chord on Track to Close $4B Williston Deal on May 31
Enerplus Corp. shareholders will vote on the deal, which was already approved by Chord stockholders, on May 24.
The ‘Necessary Evil’ of Four-mile Laterals
While extended length lateral wells can lead to massive profits, the risk might not always be worth it. At Hart Energy’s SUPER DUG, Diamondback Energy, SLB, NOV and others weighed the risk and rewards of drilling three- and four-mile laterals.
Enbridge, EDF’s Fox Squirrel Solar Project Goes Online
Fox Squirrel, a solar project owned by Enbridge and developed by EDF Renewables North America, aims to help meet central Ohio’s increasing power demand, which could double by 2028.
Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says
Washington aims to prioritize issuing licenses to companies with existing oil output and assets over those seeking to enter the sanctioned OPEC nation for the first time, sources told Reuters.
Exxon Mobil Keep Its Options Open in Guyana and Globally
ExxonMobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.
U.S. Mountain Valley Sees WV-VA Natgas Pipe in Service in Early June
U.S. natural gas pipeline venture Mountain Valley Pipeline pushed back the target in-service date of its long-delayed pipe from West Virginia to Virginia to early June from the prior target of “prior to June 1”. The company told federal energy regulators in a filing late Tuesday that the small delay was “due to the extended …
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Blankenship, Regens: More Demand, More M&A, More Regs
In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.
UK’s National Grid Seeks Buyer for Europe’s Biggest LNG Terminal
Grain LNG terminal in Britain, Europe’s largest such facility, will soon have the capacity to store and deliver enough gas to meet its target of about a third of the U.K.’s gas demand.
US, Europe and China to Dominate Hydrogen Supply, BNEF Says
Projects in the three markets to make up 80% of production Strong policy support, ambitious growth goals to spur supply The US, Europe and China will dominate global supply of low-carbon hydrogen by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to BloombergNEF. By 2030, the three markets will …
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