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HomeUpstream

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Climate Crisis

Geopolical Energy Heaven!

March 19, 2024 Andy Del Prado

Daily Standup Top Stories Climate bureaucrats giving China a free pass on its massive pollution March 18, 2024 Mariel Alumit China’s annual greenhouse gas emissions have soared over the past 20 years, dwarfing those of the […]

Shale
Crude Oil News

Specialist Buyout Firms Cash In on Shale Consolidation

March 18, 2024 Mariel Alumit

Some private-equity firms backing oil-and-gas producers cashed in on rising consolidation in the U.S. shale industry last year, selling assets for an expected $30.55 billion and fueling distributions to investors—a contrast with the dearth of exit […]

Oil
Crude Oil News

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

March 18, 2024 Mariel Alumit

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding […]

Kimmeridge
Finance

Kimmeridge makes new $2.1 bln offer for SilverBow

March 13, 2024 Mariel Alumit

March 13 (Reuters) – Kimmeridge Energy Management has submitted a new offer to acquire SilverBow Resources (SBOW.N), opens new tab that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment […]

oil and gas
Crude Oil News

Plan to drill for oil and gas near Lowry Landfill Superfund site southeast of Denver raises red flags

March 11, 2024 Mariel Alumit

Aproposed 166-well oil and gas project in suburban Denver could imperil a decades-long, multimillion-dollar effort to prevent carcinogenic chemicals stored on one of the nation’s most contaminated industrial sites from leaking into groundwater, letters from federal and […]

EQT
Finance

EQT Announces Transformative Acquisition of Equitrans Midstream – Video – Updated

March 11, 2024 Mariel Alumit

Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage All stock transaction with combined company enterprise value over $35 billion Provides >2,000 miles of critical pipeline infrastructure with extensive overlap […]

OPEC+
Crude Oil News

Oil settles lower on weak demand despite OPEC+ cut extension

March 4, 2024 Mariel Alumit

March 4 (Reuters) – Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group. Brent […]

EQT
Crude Oil News

EQT Announces Strategic Production Curtailment

March 4, 2024 Mariel Alumit

PITTSBURGH, March 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February in response to […]

Chevron and Exxon
Crude Oil News

Chevron, Exxon in dispute over Hess stake in Guyana oil block

February 28, 2024 Mariel Alumit

HOUSTON, Feb 26 (Reuters) – Exxon Mobil Corp (XOM.N), opens new tab said on Monday it may preempt Chevron Corp’s (CVX.N), opens new tab acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its […]

California Resources
Crude Oil News

California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

February 28, 2024 Mariel Alumit

CRC Delivers Record Cash Flow and Free Cash Flow per Share Annual Results LONG BEACH, Calif., Feb. 27 /BusinessWire/ — California Resources Corporation (NYSE:CRC) today reported financial and operating results for the fourth quarter and […]

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