In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the most in real 2023 dollars since 2012. Recent dealmaking marks a return to the previous […]
Raises longer-run rate projection (higher for longer), and projections for inflation and GDP in 2024. By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to maintain the Fed’s five policy rates, with the top of its […]
FRISCO, TX, March 20, 2024 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE:CRK) announces that its majority shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the Company […]
(Reuters) A Texas school fund told BlackRock it was terminating its contract to manage around $8.5 billion of state money, accusing the investment giant of boycotting fossil fuel energy producers, who represent a large part of […]
HOUSTON, March 19 (Reuters) – Equinor is investing around $6 billion a year in oil and gas exploration and drilling in Norway to maintain steady output levels through 2035, CEO Anders Opedal told Reuters. The Norwegian energy […]
A total of 70% of passive funds passed off as “sustainable” by five of the largest asset managers in the U.S. and Europe are exposed to companies developing new oil and gas projects, environmental organization […]
Williams Companies has no plans to acquire Tellurian although it did consider a bid for the struggling LNG project developer. The statement, as carried by Reuters, follows a report about Tellurian saying that the company was considering […]
The EU’s industrial output as a share of total GDP will decline as a result of persistently high energy prices, the head of the world’s largest chemicals company has said, adding that such a […]
Which devalued the yen by a Third-Worldish 30% against the USD in two years as other central banks hiked in big increments and started QT. By Wolf Richter for WOLF STREET. Scraps NIRP. Citing “the virtuous cycle between […]
NEW YORK, March 19 (Reuters) – Oil prices rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies. U.S. […]
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