Hibiscus Petroleum Bhd. has agreed to buy TotalEnergies EP (Brunei) BV from TotalEnergies SE for $259.4 million. TotalEnergies EP (Brunei) holds a 37.5 percent stake as operator of Block B, which sits 85 kilometers (52.8 […]
Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength. West Texas Intermediate settled above $78 a barrel, […]
The recent European Parliament elections saw sweeping losses for Green parties across the continent as voters rejected harmful policies sold under the false guise of environmentalism. [emphasis, links added] The left-leaning Greens lost 18 seats of their […]
StanChart has forecast 1.68 mb/d growth in 2024 and 1.41 mb/d in 2025. StanChart has reiterated its previous assessment that not only can the markets absorb the extra barrels by OPEC+ producers but that a […]
State oil regulators last month approved the first new drilling permits in Kern County since May 2023, renewing a vigorous debate over the Newsom administration’s approach to petroleum production. Dallas-based oil producer Berry Corp. received […]
Chevron’s unit in Australia expects to complete repair activities on the Wheatstone offshore platform, which provides gas to the onshore LNG plant, in the coming weeks. Chevron Australia suspended operations on the offshore platform on […]
Daily Standup Top Stories ADNOC Moves Ahead With Huge LNG Export Project in UAE June 12, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the […]
Billionaire Warren Buffett bought almost 2.57 million common stocks from Occidental Petroleum Corp. last week for about $153.3 million. The purchase, made in three tranches, has increased Berkshire Hathaway Inc’s common shares in the United […]
DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain […]
Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the Ruwais LNG project, which will more than double the existing LNG production capacity in the United Arab Emirates. […]
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