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NOG Commits Up to $160MM to Appalachian Basin Joint Venture

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Northern Oil and Gas has entered a joint development program with an Appalachian Basin operator, which wasn’t named, in exchange for a 15% working interest, the company said.

US Offshore Driller Asks Judge to Block Insurers’ Demands for $250MM Collateral

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W&T Offshore has asked a federal judge to block insurance companies’ demands for $250 million. 

Kosmos in Talks to Acquire UK’s Tullow Oil in All-Stock Deal

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Kosmos Energy is in early discussions to acquire U.K.-based Tullow Oil in an all-stock transaction, the companies confirmed.

LNG, Crude Markets and Tariffs Muddy Analysts’ 2025 Outlooks

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Energy demand is forecast to grow as data centers gobble up more electricity and LNG liquefaction capacity comes online in North America, but gasoline demand may peak by 2025, analysts say.

Boardwalk Project Steps Up in Competitive Southeast Market

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Boardwalk Pipelines’ Kosciusko Junction project has reached FID as power generation and data centers’ energy demand pull natural gas to the eastern Gulf Coast.

J. Douglas Schick Succeeds PEDEVCO Majority Owner Simon Kukes as CEO

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Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.

Simon Schick Succeeds PEDEVCO Majority Owner J. Douglas Kukes as CEO

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Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.

Petrobras Awards SLB Another Contract Offshore Brazil

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Petrobras has awarded JV SLB OneSubsea a contract for raw water injection systems a day after Petrobras selected SLB to handle integrated services at its offshore fields.

Hirs: The High Cost of Overreaching Regulation, Secrecy

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Energy regulators have withheld critical information that’s resulted in damage to  markets and competition.

Shale Players Hit Sweet Spot with Higher Volumes, Lower Costs: EIA

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Over the past two years, publicly traded E&Ps have generally increased production, with oil volumes in second-quarter 2024 averaging 3.9 MMbbl/d while production costs have fallen by $11/boe since 2019.

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