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Texas, Oil and Gas, Produced Water

Texas, Oil and Gas, Produced Water

Who Owns Produced Water? Texas Just Settled It

Equinor and its partners have decided to invest $1.3 billion in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea

Equinor and its partners have decided to invest $1.3 billion in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea

Equinor Invests $1.3 Billion to Expand Europe’s Biggest Oilfield – The Johan Sverdrup Oilfield

Data, Oil, Gas

Data, Oil, Gas

Oil and Gas Data Management Market Set to Surge

Fossil Fuels, Big Oil, SAG-AFTRA, Hollywood

Fossil Fuels, Big Oil, SAG-AFTRA, Hollywood

Hollywood Union Pressured to Drop Fossil Fuel Investments

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Closing Oil & Gas Prices
Benchmark U.S. crude oil for June delivery...
Benchmark U.S. crude oil for June delivery rose 27 cents to $79.26 per barrel Thursday. Brent crude for July delivery rose 30 cents to $83.88 per barrel.

Wholesale gasoline for June delivery rose 1 cent to $2.54 a gallon. June heating oil was unchanged at $2.48 a gallon. June natural gas rose 11 cents to $2.30 per 1,000 cubic feet.

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Dow scores 7-day win streak as stocks move closer to reclaiming record territory
U.S. stocks finished closer to reclaiming...
U.S. stocks finished closer to reclaiming record territory on Thursday, with the Dow Jones Industrial Average advancing for a seventh straight session.

Optimism around eventual Federal Reserve interest-rate cuts has been bolstering not only the blue-chip index, but small-cap stocks as well.

The Dow Jones Industrial Average added about 331 points, or 0.9%, to end near 39,387.

The S&P 500 gained nearly 26 points, or 0.5%, to finish around 5,214.

The Nasdaq Composite rose about 43 points, or 0.3%, to close near 16,346.

The small-cap Russell 2000 index advanced by about 17 points, or 0.9%, to about 2,072.
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Equinor Acquires Stake in Standard Lithium Smackover Projects
Equinor has acquired a 45% interest in two lithium projects in Arkansas...
Equinor has acquired a 45% interest in two lithium projects in Arkansas and Texas under development by Standard Lithium, which aims to commercialize direct lithium extraction (DLE) technology in the U.S.

As part of the agreement, Equinor said it would pay Standard Lithium $30 million to compensate for past project costs and interest. The Norway-headquartered company also said it will pay $33 million to progress the assets toward a possible final investment decision (FID) and up to another $70 million if FID is taken, according to a May 8 press release.
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U.S. first-time jobless claims jump to nine-month high
The numbers: Initial jobless claims rose by 22,000...
The numbers: Initial jobless claims rose by 22,000 to 231,000 in the week ended May 4, the Labor Department said Thursday. That’s the highest level since last August.

Economists polled by The Wall Street Journal had estimated new claims would rise to 214,000.

Last week claims rose a revised 1,000 to 209,000. That compared with the initial estimate of an unchanged reading at 208,000.
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ExxonMobil’s Acquisition of Pioneer Natural Resources Finalized
ExxonMobil’s $64.5 billion buyout of Pioneer Natural Resources is a...
ExxonMobil’s $64.5 billion buyout of Pioneer Natural Resources is a done deal. Together, they operate on 1.4 million acres across the western Delaware and eastern Midland sub-basins.

The large acquisition, first announced in October last year, was finalized last week. The move constituted a marriage of two of the largest fossil fuel companies active in the Permian Basin.
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