Friday, February 7, 2025
Civitas Resources to enter Permian Basin through transformative transactions- oil and gas 360

Civitas Resources to enter Permian Basin through transformative transactions

Oil and Gas 360 Highly accretive acquisitions to balance portfolio, create immediate scale, and enhance capital allocation flexibility DENVER–(BUSINESS WIRE)– Civitas Resources (NYSE: CIVI) (“CIVI” or the “Company”) today announced the signing of two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia

US natgas futures hold near 3-month high on hot forecasts- oil and gas 360

US natgas futures hold near 3-month high on hot forecasts

Nasdaq U.S. natural gas futures held near a three-month high on Tuesday on a drop in output and forecasts that hot weather over the next two weeks will force generators to burn lots of gas to produce power for air conditioning, especially in Texas. Prices held steady despite forecasts for less demand over the next two weeks than previously expected

Woodside to develop $7.2 billion Trion oil field offshore Mexico- oil and gas 360

Woodside to develop $7.2 billion Trion oil field offshore Mexico

World Oil (WO) – Woodside has made a final investment decision to develop the large, high-quality Trion oil field in Mexico. First oil is targeted for 2028.  Woodside is the operator with a 60% participating interest and PEMEX Exploración y Producción (PEMEX) holds the remaining 40%.   The forecast total capital expenditure is $7.2 billion with the development expected to

Hackers have renewable energy projects in their crosshairs- oil and gas 360

Hackers have renewable energy projects in their crosshairs

Oil Price The European Union has plans to boost its wind and solar power generation capacity by orders of magnitude in order to hit decarbonization goals. That capacity is heavily reliant on software. And software can be hacked. “Cyber risks to renewable energy assets are extremely acute. Many of these generation facilities will be directly connected to a regional or

Oil falls on mixed Chinese demand picture- oil and gas 360

Oil falls on mixed Chinese demand picture

CNBC Oil prices fell in choppy trading on Tuesday as a clouded oil demand outlook outweighed the potential boost from a cut to China’s benchmark lending rates. Brent crude fell 92 cents, or 1.2%, to $75.17 a barrel by 1345 GMT. U.S. West Texas Intermediate (WTI) crude for July was down $1.53 from Friday’s close at $70.25.     The

U.S. sweet, sour oil price spread narrows on strong sour demand- oil and gas 360

U.S. sweet, sour oil price spread narrows on strong sour demand

Nasdaq HOUSTON – U.S. sweet and sour oil differentials narrowed significantly this month, pricing data showed, as demand for higher sulfur crudes climbed from refineries and exporters while supplies tightened. The spread between Light Louisiana Sweet and Mars sour crude, both priced in Louisiana, narrowed to $1.70 a barrel last week from about $6.75 per barrel at the start of