By: Rakteem Katakey – Bloomberg – BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the...
By: Rachel Adams-Heard and Kevin Crowley – Bloomberg – The meeting would mark the beginning of the end of Lea Frye’s career...
By: Reuters – No new liquefied natural gas (LNG) export projects could be approved this year for the first time in at...
By: Clare Duffy – CNN Business – IBM wants to dig more deeply into oil and gas. In partnership with oilfield services...
By: Jenniffer Hiller – Reuters – Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead...
By: Reuters – Canada’s main crude-producing province Alberta looks to use hydrogen to fuel the expansion of its oil sands without increasing...
By: John Kemp – Reuters – The U.S. oil industry probably passed the low point in the current cycle in July and...
By: Myra P. Saefong – Barrons – Natural gas futures rallied in August, tacking on nearly 50% to their largest monthly percentage...
By: Reuters – Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second US shale...
Bloomberg – Oil rose above $43 a barrel in New York, snapping a two-day drop, as China’s economic recovery continued. West Texas...
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.89 per barrel Thursday. Brent crude for February delivery fell 31 cents to $79.39 per barrel.
Wholesale gasoline for January delivery fell 4 cents to $2.16 a gallon. January heating oil fell 1 cent to $2.70 a gallon. January natural gas rose 12 cents to $2.57 per 1,000 cubic feet.
Major U.S. equity benchmarks bounced back from a brief midweek downturn and resumed the holiday season rally Thursday, lifting the Dow Jones Industrial Average® (DJI) back near a record high as falling Treasury yields and further signs of easing inflation kept investors emboldened over prospects for Federal Reserve interest rate cuts and a "soft landing" for the economy. Here's where the major benchmarks ended:
TotalEnergies has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a 25.5% equity stake in the Seagreen offshore wind farm for a consideration of $689 million.
Following this farm down, TotalEnergies retains 25.5% of Seagreen, alongside PTTEP (25.5%) and SSE Renewables (49%).
This transaction implies an enterprise value of $4.3 billion (100%), equivalent to a multiple of 13 times the expected average EBITDA over the next 5 years, depending on future market prices.
With a total capacity of 1,075 MW, Seagreen is the world’s deepest fixed-bottom wind farm. Fully operational since October 2023, Seagreen is comprised of 114 turbines which can provide enough electricity to power more than 1.6 million homes, equivalent to two-thirds of all homes in Scotland.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
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