Monday, March 3, 2025
Saudi Arabia should follow Russia, even if it kills OPEC- oil and gas 360

Saudi Arabia should follow Russia, even if it kills OPEC

Houston Chronicle Is it really over? So soon? Russia’s unwillingness to go along with Saudi Arabia’s emergency supply cut fuels speculation the whole OPEC+ thing is done. I don’t agree. OPEC+ has always been largely a marketing and political tool. Formally ditching it now would merely make obvious the underlying truth: OPEC+ wouldn’t exist in the first place unless OPEC on its

Silverpeak acquires 180-MW Texas solar project from Tri Global Energy -oilandgas 360

Silverpeak acquires 180-MW Texas solar project from Tri Global Energy

Solar Power World Tri Global Energy, a leading developer of renewable energy, announced an agreement to sell the 180-MW Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy and credit. Tri Global Energy will maintain its role as lead developer through project financing and construction. This is the second project Silverpeak and Tri Global have partnered

Basic Energy Services acquires well services business from NexTier to create leading well servicing provider in the U.S.- oil and gas 360

Basic Energy Services acquires well services business from NexTier to create leading well servicing provider in the U.S.

Basic Energy Services FORT WORTH, Texas–(BUSINESS WIRE)– Basic Energy Services, Inc. (OTCQX:BASX) (“Basic” or the “Company”) today announced that it has acquired the production operations from NexTier (NYSE:NEX) for a consideration of approximately $94 million.The NexTier production operations, known as C&J Well Services, originally established in San Angelo, Texas, in 1948 by Frank Pool, founder of Pool Well Servicing, is

Oil demand set for first contraction since 2009 due to coronavirus: IEA- oil and gas 360

Oil demand set for first contraction since 2009 due to coronavirus: IEA

Reuters LONDON – Global oil demand is set to contract in 2020 for the first time in more than a decade as global economic activity stalls due to the coronavirus, the International Energy Agency said on Monday. The downward revision came as oil prices dropped as much as third in their biggest one-day fall since the 1991 Gulf War after

Diamondback Energy, Inc. Provides Operational Update- oil and gas 360

Diamondback Energy, Inc. provides operational update

Oil and Gas 360 MIDLAND, Texas, March 09, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an operational update given recent commodity price volatility. Diamondback is reducing activity immediately from nine completion crews to six and expects to drop two drilling rigs in April 2020 and a third later in the second quarter