Thursday, February 6, 2025

Enbridge Exits Canadian Gas Gathering

$3.3 billion sale values assets at 12xEBITDA Enbridge (ticker: ENB) continued its transformation yesterday, exiting the gas gathering business in Canada. Enbridge will sell its Canadian natural gas gathering and processing infrastructure to Brookfield Infrastructure (ticker: BIP) and its institutional partners. The assets cover the heart of Canadian natural gas, including the Montney, Peace River Arch, Horn River and Liard

SilverBow Resources Set to Present at The Oil and Gas Conference

SilverBow Resources Inc. (NYSE: SBOW) Company Overview Headquartered in Houston, Texas, SilverBow is an independent oil and gas company focused on acquiring and developing assets in the Eagle Ford shale located in South Texas. As of December 31, 2017, SilverBow had approximately 100,000 net acres in the Eagle Ford and roughly 667 horizontal drilling locations. Summary Q1-2018 Revenue: $ 52.8

Landmark Mexico Oil Reform Is Set to Stay: AMLO’s Chief of Staff

From Bloomberg Rest assured, President-elect Andres Manuel Lopez Obrador won’t use his congressional muscle to overhaul Mexico’s landmark oil reform that allowed foreign companies back into the industry, the head of his transition team said. Lopez Obrador, known as AMLO, will review private oil contracts for graft, but if something untoward is found there will be talks with the companies

Range Resources Corporation to Present at The Oil and Gas Conference

Range Resources Corporation (NYSE: RRC) Company Overview Range Resources is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in the Appalachian Basin and North Louisiana. Range has nearly a million net acres across Pennsylvania, most of which has stacked pay potential for the Marcellus, Utica and Upper Devonian shale formations and approximately

Iran

Iran Threatens to Stop Hormuz Oil Exports If Own Crude Cut

From Bloomberg Iran will stop oil exports from the Strait of Hormuz, the world’s most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation, a Revolutionary Guards official said. “Any hostile attempt by the U.S. will be followed by an exorbitant cost for them,” said Esmail Kowsari, deputy commander of the Sarollah Revolutionary

Doubts Grow Aramco IPO Will Ever Happen

From The Wall Street Journal Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government officials and people close to the process doubting that it will go forward at all. The initial public offering of Saudi Arabian Oil Co., better known as Aramco, was meant to be

Whiting Petroleum Announces Extension of the Exchange Offer for its 6.625% Senior Notes

Whiting Petroleum Corporation (NYSE: WLL) today announced that it has extended its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the “Original Notes”) issued December 27, 2017, for new, registered 6.625% Senior Notes due 2026 (“New Notes”). The Exchange Offer, which was initially scheduled to expire on July 5, 2018 at 5:00

China Keeps LNG Off Tariff List for Now, Could be Trade Weapon Later

From Reuters China’s omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing’s desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as