Monday, November 25, 2024
Southwestern, Chesapeake Energy close to merger, WSJ says- oil and gas 360

Southwestern, Chesapeake Energy close to merger, WSJ says

Yahoo Finance (Bloomberg) — Southwestern Energy Co., and Chesapeake Energy Corp. are close to a merger that would create a roughly $17 billion company, ranking as one of the largest natural gas producers in the US, the Wall Street Journal reported. A deal could come together as soon as next week, the newspaper said, citing people familiar with the situation.

Shale tycoon Harold Hamm wants to lure Gen Z to the oil industry- oil and gas 360

Shale tycoon Harold Hamm wants to lure Gen Z to the oil industry

Oil Price Shale tycoon Harold Hamm and U.S. and European supermajors are looking to support university courses in petroleum engineering and related disciplines in a bid to attract young talent to the industry that’s not viewed favorably by Millennials and Generation Z. Harold Hamm, the U.S. shale pioneer who founded Continental Resources, has donated to establish the Hamm Institute for

Jefferies Financial Group: Permian’s private shale operators expect modest growth in 2024- oil and gas 360

Jefferies Financial Group: Permian’s private shale operators expect modest growth in 2024

World Oil (Bloomberg) – Most of shale’s private operators in the Permian basin are planning modest growth this year as one of the main engines of U.S. oil expansion downshifts amid volatile commodity prices. A survey of closely held oil operators showed 69% of Permian firms expect to grow production 5% or less this year, according to Jefferies Financial Group

Ex Goldman analyst Currie expects bumper year for commodities- oil and gas 360

Ex Goldman analyst Currie expects bumper year for commodities

Oil Price Commodities, including crude oil, are set for a good year, which could turn into “fantastic” if planned interest rate cuts materialize, according to veteran analyst Jeff Currie, who left Goldman Sachs last year after nearly 30 years at the helm of the bank’s commodity research division. All commodities are set for bullish moves in 2024 amid low inventories

US judge clears way for more Venezuela creditors to join Citgo auction- oil and gas 360

US judge clears way for more Venezuela creditors to join Citgo auction

Nasdaq HOUSTON, Jan 8 (Reuters) – A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate in a January auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo to the South American country’s debts and opened the door to some $24 billion in

Trio Petroleum restarts production from California's McCool Ranch oil field- oil and gas 360

Trio Petroleum restarts production from California’s McCool Ranch oil field

World Oil (WO) – Trio Petroleum Corp, a California-based oil and gas company, provided an update on the restart of the McCool Ranch oil field. On Oct. 18, 2023, the company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in Monterey County, seven miles north of the company’s flagship South Salinas Project. The

Oil falls as Saudi price cuts counter Middle East worries- oil and gas 360

Oil falls as Saudi price cuts counter Middle East worries

CNBC Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 3.49%, or $2.75, to $76.01 a barrel while U.S. West Texas Intermediate crude futures shed 3.89%, or $2.87, to $70.94. Both contracts climbed