Press Releases
All-equity acquisition to create the industry’s largest contract compression fleet of 4.3 million revenue-generating horsepower Deepens Kodiak’s position in key operating areas, including over 2.8 million horsepower in the Permian Basin Expected annual run-rate cost […]
World Oil (Bloomberg) — Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. […]
Nasdaq Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices. […]
World Oil (Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Haynesville shale operator Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale […]
People are becoming increasingly concerned about the mineral requirements for the energy transition and how these will be met. In October, the International Energy Agency (“IEA”) published a report entitled Electricity Grids and Secure Energy […]
Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. […]
Oil and Gas 360 Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the […]
Yahoo Finance (Bloomberg) — BP Plc’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because he lied about his personal relationships with […]
World Oil (WO) – National Ocean Industries Association (NOIA) President Erik Milito issued a statement on the non-binding pact signed at the conclusion of the two-week-long COP28 climate summit in Dubai: Source: World Oil “The […]
Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy […]
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