Friday, February 7, 2025
DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion - oil and gas 360

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

Source: Reuters DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash. DTE Midstream will acquire the assets from Momentum Midstream and Indigo Natural Resources. DTE Energy has looked to expand into natural gas pipelines and storage, which provides steady cash flows even during

Schlumberger posts $11.4 billion loss amid hefty pretax charges - oil and gas 360

Schlumberger posts $11.4 billion loss amid hefty pretax charges

Source: Houston Chronicle The world’s largest oil field service company beat Wall Street expectations on revenue but got stung by pretax charges that resulted in a multibillion loss for stockholders during the third quarter. Schlumberger reported a $11.4 billion loss on $8.54 billion of revenue during the third quarter, which translated into a loss per share of $8.22 for common