S&P Global to Buy IHS Markit in All-stock Deal Valued at $44 Billion
S&P Global and IHS Markit entered into a definitive merger agreement on Nov. 30 to combine in an...
S&P Global and IHS Markit entered into a definitive merger agreement on Nov. 30 to combine in an all-stock transaction that values IHS Markit at an enterprise value of $44 billion, including $4.8 billion of net debt.
The landmark deal combines two of the world's largest provides of data. The combined company will be headquartered in New York with a substantial presence in key global markets across North America, Latin America, EMEA and the Asia Pacific.
WTI crude oil prices fell on Monday morning after signs showing that ...
WTI crude oil prices fell on Monday morning after signs showing that OPEC+ members may not be able to reach an agreement to rein in production in a Monday meeting. This might have led to unwinding activity as oil traders have long been anticipating a 3- to 6-month delay in a planned production hike scheduled in January 2021 by the OPEC+ coalition to support oil prices amid pandemic-linked headwinds.
New Mexico will start requiring oil and natural gas producers...
New Mexico will start requiring oil and natural gas producers to file reports that detail the volume and quality of water they use in drilling operations. The new requirement aims to address a lack of data on industry water use and determine whether drilling operations are threatening the state's limited freshwater supplies, said Adrienne Sandoval, director of the state's Oil Conservation Division.
The outlook for the global oil and natural gas industry...
The outlook for the global oil and natural gas industry is getting brighter amid signs of economic recovery improving supply and demand dynamics, said American Petroleum Institute Chief Economist Dean Foreman during a recent conference presented by the Federal Reserve banks of Dallas and Kansas City. Foreman expects the rebound to be particularly strong in the Permian Basin, thanks to the play's expanded pipeline infrastructure and low breakeven prices.
West Virginia coal, oil and gas groups prepare for Biden-Harris administration
Groups representing West Virginia’s fossil fuel industries are preparing for President-elect...
Groups representing West Virginia’s fossil fuel industries are preparing for President-elect Joe Biden to take office in January.
Both Bill Raney, president of the West Virginia Coal Association, and Charlie Burd, executive director of the Independent Oil and Gas Association of West Virginia, said they fear the Biden administration could enact policies that hamper the growth and development of their respective industries.
