The owner of the Inglewood Oil Field in Los Angeles County is taking the state of California to court over a law...
By Jarrett Renshaw (Reuters) – U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs...
Thanksgiving Day, 6:42 a.m. The faint glow of sunrise illuminated the empty parking lot of a gas station just outside Stillwater, Oklahoma,...
(Reuters) – Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about...
APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with Palantir Technologies. This deepened collaboration aims to bring...
Story By Mella McEwen | Midland-Telegram Reporter |Devon Energy has begun detailing the results of a 21-well multi-zone development in Loving County....
Donald Trump’s transition team is preparing to make energy a top priority, aiming to implement a comprehensive energy package shortly after he...
ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed a definitive merger agreement under which ONEOK will...
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that could reshape the landscape of the U.S. oil...
By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed a non-binding lithium supply deal with battery parts...
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 Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
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...
Have your oil & gas questions answered by industry experts.