Oil extends gains as Middle East supply concerns persist
Oil rose after Iranian officials were reportedly pessimistic over a deal before U.S. midterm elections.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Oil Execs Flocking to VEN Set Off Hunt for Golf Clubs
Dozens of executives teed up at the lush Caracas Country Club for a golf tournament Monday.
Read MessageOil Edges Higher as Supply Tightens
Oil rose modestly as traders weighed tight supplies against progress toward reopening Hormuz.
Read MessageYangarra expands Belly River development after drilling 17 wells
Yangarra Resources has drilled 17 Belly River wells at its Chambers development in Alberta and built an inventory of 106 future locations, while a new well design delivered a 2.5-fold improvement in IP90 productivity.
Read MessageComstock, SOCAR advance $1.65-billion Haynesville partnership with framework agreement
Comstock Resources and SOCAR have advanced their planned $1.65 billion Haynesville partnership with a framework agreement, while exploring opportunities to market gas from the assets as LNG internationally.
Read MessageDNO holds firm on final Capricorn bid after Genel raises competing offer
DNO says its $5.214-per-share all-cash offer for Capricorn Energy is final and will not be increased after Genel Energy raised its competing bid and secured commitments representing about 39% of Capricorn shares.
Read Message1947 Oil & Gas begins AIM trading following U.S. Gulf acquisition
Newly listed 1947 Oil & Gas has begun trading on London’s AIM market, providing capital to complete its previously announced Renaissance Offshore acquisition and pursue additional producing assets in the Gulf of America.
Read MessageINEOS’ U.S. shale ethane supply chain reaches 10-year milestone
INEOS is marking a decade of U.S. shale ethane supply to its Grangemouth complex, with more than 400 shipments received since the first purpose-built Dragon Ship arrived in Scotland in 2016.
Read MessageNorth America Adds 15 Rigs WoW, BH Count Shows
North America added 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read MessageEni Wins New Block offshore Indonesia
'The acreage is adjacent to Eni's existing operated and participated blocks and close to the future North Hub developments'.
Read MessageSaudi Arabia's Key Oil Pipeline Starts Exports
The pipeline has a total capacity of about seven million a day, with about five million typically earmarked for exports.
Read MessagePTTEP Approves Bussabong Gas Project
State-owned PTTEP expects to start production 2028 to help meet Thailand's growing energy demand.
Read MessageChevron, ExxonMobil Agree Potential Crude Supply to Vietnam
State-owned PVN said its agreement with Chevron could also secure liquefied natural gas and liquefied petroleum gas for Vietnam.
Read MessageEnergy Groups Urge Trump to Reject Fuel Export Restrictions
AFPM announced that more than 30 U.S. business, energy, and manufacturing groups from around the country have issued a letter to U.S. President Donald Trump.
Read MessageBrent Oil Up Over 3 Percent in Intraday Trading
Brent oil was up more than three percent in intraday trading on Monday.
Read MessageTotalEnergies Targets 3 Percent Yearly Production Growth
Nonetheless, TotalEnergies said it is targeting a 50 percent reduction in Scope 1 and 2 emissions from oil and gas upstream and downstream activities, excluding gas electricity generation, by the end of the decade compared to 2015 levels.
Read MessageTrump ‘very seriously’ considering diesel export ban as global supply crunch worsens
Analysts warn an export ban could backfire, pushing up global diesel prices and potentially triggering higher U.S. gasoline prices as refiners adjust.
Read MessageIran Firm on Demands for Hormuz Reopening
Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won't soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal.
Read MessageExxonMobil to operate Azerbaijan shale venture with SOCAR
ExxonMobil and SOCAR have formed a joint venture to explore and develop unconventional oil and gas resources in Azerbaijan’s Middle Kura basin, taking U.S. shale expertise into a new international play.
Read MessageTotalEnergies takes FID on Absheron gas development offshore Azerbaijan
TotalEnergies, SOCAR and XRG have taken FID on the full-field Absheron development offshore Azerbaijan, targeting 6 Bcma of gas and 47,000 bpd of condensate from 2029.
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