(Bloomberg) — Billionaire Harold Hamm may trigger a bidding war for Continental Resources Inc. with his $4.3 billion takeover offer for the shale powerhouse he founded. Hamm’s all-cash offer of $70 for each share he […]
DAR ES SALAAM, June 11 (Reuters) – Tanzania signed a framework agreement on Saturday with Norway’s Equinor (EQNR.OL) and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) […]
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up its assets for a sale of the company that could fetch more than $1 billion, according to people with knowledge of the situation. […]
Colorado has become the first US state to ban per- and polyfluoroalkyl substances (PFAS) in products used in drilling for oil and gas. A measure signed by Gov. Jared Polis (D) June 3 prohibits the sale or […]
Houston-based Callon has updated its operational capital budget to a range of $790 million to $810 million for the full year, up from previous guidance of $725 million published in February. Production guidance of 101-105,000 […]
Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as demand for oil surges on historically tight supply, Rystad Energy research shows. Total oil output from the Permian, including both […]
Crude oil futures are hovering around $118 as traders try to get a better feel of the demand outlook. Recently announced relaxation of Covid measures in China could spur demand; yet, inflation is still strong, […]
ConocoPhillips is ramping up production at its newest North Slope project, Fiord West, in the Alpine field. A company official said that an initial horizontal production well reached 10,000 barrels per day on Monday, May […]
Dayrates for offshore rigs close to $400,000 Mergers, scrapping rigs leaves fewer, leaner drillers Europe seeks to wean itself off Russian fuel OSLO, May 27 (Reuters) – Rental rates for offshore oil and gas rigs […]
Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Guyana, Brazil, West-Africa and Australia are […]
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