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Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

Armstrong, Alaska, Oil, Energy, Conventional

Armstrong, Alaska, Oil, Energy, Conventional

Bill Armstrong Proves Alaska Oil Finds Aren’t Over

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☕️What Else is Brewing Monday Morning
Basketball begins, baseball reaches its finale: The...
Basketball begins, baseball reaches its finale: The World Series that MLB dreamed about has come true: Shohei Ohtani and the Dodgers will face Juan Soto and the Yankees in a star-powered, major-market showdown starting Friday. And while we must say goodbye to the Mets’ beloved Grimace, we say hello to a new NBA season on Tuesday. The defending champion Boston Celtics will host the New York Knicks while the Minnesota Timberwolves visit the Los Angeles Lakers in what will be the father-son debut of LeBron and Bronny James.

The New York Liberty won their first WNBA championship in an overtime thriller against the Minnesota Lynx in Game 5.

TreeHouse Foods is recalling nearly 700 of its frozen waffle products over concerns of listeria contamination.

San Francisco, after years of hating on robotaxis, is starting to embrace them.

Meet the college students who beat Boeing and other defense giants in an anti-drone technology competition.

Philip G. Zimbardo, the psychologist who placed college students in the roles of prisoners and inmates for his “Stanford Prison Experiment,” died at the age of 91.
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Kinder Morgan expands Gulf Coast Express Pipeline for Permian gas
Kinder Morgan is expanding...
Kinder Morgan is expanding its Gulf Coast Express Pipeline, investing $455 million to increase natural gas deliveries from the Permian Basin to South Texas by 570 million cubic feet per day by mid-2026. This decision comes after securing long-term transportation agreements.

Additionally, Kinder Morgan is undertaking several other natural gas infrastructure projects in the southern U.S., including:

South System Expansion 4: A $3 billion project to increase South Line capacity by 1.2 billion cubic feet.

South Texas to Houston Market expansion: A $154 million project to add 500 million cubic feet per day capacity.

Evangeline Pass project: A $670 million project to enhance systems in Mississippi and Louisiana, delivering 2 billion cubic feet per day to a LNG facility.

These projects aim to meet the growing demand for natural gas transportation and distribution in the region.
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Two earthquakes over 3.0 magnitude hit near Midland
A pair of earthquakes greater than 3.0 magnitude struck within minutes...
A pair of earthquakes greater than 3.0 magnitude struck within minutes of each other about 30 miles north of Midland on Friday.

The U.S. Geological Survey recorded a 3.4-magnitude quake at 1:25 p.m., and a 3.1 followed at 1:34 p.m.

The area is the site of a 5.1-magnitude temblor that struck Sept. 16. According to USGS data, the area has seen 10 earthquakes of all magnitudes over the past seven days and about 60 over the past 30 days, with most being under 2.0 magnitude.

USGS data show about 500 earthquakes over the past 30 days, from roughly Culberson County in the west to Scurry County in the east. The largest was a 3.8-magnitude tremor on Sept. 26, about 25 miles northwest of Toyah, with a 3.7-magnitude quake a day earlier in the area.

Source: MRT

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Tropical Storm Oscar forms — heavy rain, strong winds expected for parts of Caribbean
Tropical Storm Oscar formed just east of Turks and Caicos on Saturday...
Tropical Storm Oscar formed just east of Turks and Caicos on Saturday morning, the 15th named storm of the season. Tropical Storm Nadine formed off the coast of Belize overnight.

MORE: Tropical Storm Nadine forms before coming landfall, forecast says. It’ll be short-lived

Oscar initially had a low chance of developing, but now has winds of about 40 mph and is headed for the Caribbean, according to an advisory from the National Hurricane Center at 11 a.m. Saturday .

Tropical Storm Oscar is moving west at around 13 mph and is predicted to be stay on this path for the rest of Saturday. The storm will then slow and possibly stall near northeastern Cuba in 36 to 48 hours. After that, if Oscar remains strong, it could move northeast.

Oscar is expected to peak with 50 mph winds near the eastern coast of Cuba. By the middle of next week, a larger weather system will likely absorb Oscar, according to forecasters.

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Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
(Reuters) - Oil futures fell on Friday, declining more...
(Reuters) - Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed and investors digested a mixed Middle East outlook.

Brent crude futures fell $1.39, or 1.87%, to $73.06 a barrel. U.S. West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05%.

Brent settled more than 7% lower this week, while WTI lost around 8%, marking their biggest weekly declines since Sept. 2, when OPEC and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025.

In China, the world's top oil importer, the economy grew at the slowest pace since early 2023 in the third quarter, though September consumption and industrial output beat forecasts.

"China is key to the demand side of the equation so that is very much weighing on prices here today," said John Kilduff, partner at Again Capital in New York.

China's refinery output declined for the sixth straight month as thin refining margins and weak fuel consumption curbed processing.
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