Friday, November 29, 2024

Canada’s Pipeline Approval Process is Approaching FUBAR Status

Politics + Energy Logistics = Bad Combination When the politics of one kind of energy vs. another overtake the reality of needing to move energy from the source location to the customer’s location, things can get out of whack fast. Just ask Canada. Canada’s First Nations are chasing each other in circles. Some chiefs oppose oil pipelines and energy projects, while

Russia Hopes to Bring in $15.9 Billion with Sale of Rosneft and Bashneft Interest

State-owned Rosneft to acquire stake in Bashneft as Russia attempts to go ahead and “privatize” In a political U-turn, the Russian government has decided to allow state-owned oil giant Rosneft place a bid on fellow oil company Bashneft. The Kremlin originally opposed Rosneft’s involvement in the bidding process because pro-market groups within the government felt there was little benefit of

Oil & Gas 360

Marathon Oil Announces $235 Million Permian Divestiture

Marathon Sells CO2 and Waterflood Assets in West Texas and New Mexico Marathon Oil Corp (ticker: MRO) announced on Monday that it has signed an agreement to sell certain non-operated CO2 and waterflood Permian assets in West Texas and New Mexico for $235 million, excluding closing adjustments. The effective date for the transaction is September 1, and the deal is