Saturday, January 4, 2025
Exxon considers buying U.S. shale giant- oag360

Exxon considers buying U.S. shale giant

Oil Price ExxonMobil has held early informal talks about potentially acquiring the largest pure-play shale producer, Pioneer Natural Resources, The Wall Street Journal has reported, quoting sources with knowledge of the matter. Exxon is looking to boost additionally its position in the U.S. shale patch and it has said for years that the Permian basin would be its key priority area

Liberty launches Liberty Power Innovations- oil and gas 360

Liberty launches Liberty Power Innovations

Oil and Gas 360 DENVER, April 10, 2023–(BUSINESS WIRE)– Liberty announced today the commercial launch of Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) supply, field gas processing and treating, and well site fueling and logistics. The oilfield is undergoing a generational technology shift

Amplify Energy commences restart operations at Beta Field- oil and gas 360

Amplify Energy commences restart operations at Beta Field

Oil and Gas 360 HOUSTON, April 10, 2023 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that it has received the required approvals from federal regulatory agencies to restart operations at the Beta Field. Initial steps to resume full operations will involve filling the San Pedro Bay Pipeline with production, a process which commenced

Investors pull cash from oil despite OPEC cuts as demand fear lingers- oil and gas 360

Investors pull cash from oil despite OPEC cuts as demand fear lingers

World Oil (Bloomberg) — One oil exchange-traded fund saw its largest one-day outflow in more than three years, a possible sign that some investors remain concerned about the outlook after OPEC+ delivered an unexpected supply cut. WisdomTree’s Brent Crude Oil ETP — ticker BRNT — had an outflow of $55.7 million on Thursday, the largest one-day fall since late 2019. Another

Oil steady as investors weigh tighter supply vs. growth outlook- oil and gas 360

Oil steady as investors weigh tighter supply vs. growth outlook

BOE Report Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel demand. U.S. West Texas Intermediate crude was at $80.38 a barrel, down 4 cents, or 0.05%. Brent crude futures slipped 3 cents, or 0.04% to $84.75 a barrel.Both