Friday, January 3, 2025
Chesapeake Energy Corporation and Southwestern Energy to combine to accelerate America's energy reach- oil and gas 360

Chesapeake Energy Corporation and Southwestern Energy to combine to accelerate America’s energy reach

Oil and Gas 360 OKLAHOMA CITY and SPRING, Texas, Jan. 11, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced that they have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake’s closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867

Traders speculate on $110 oil as Middle East tensions escalate- oil and gas 360

Traders speculate on $110 oil as Middle East tensions escalate

Oil Price While oil prices have been struggling to move above $80 per barrel for weeks, some traders have bet on oil hitting as high as $110 a barrel in the early spring. It looks like some speculators are betting on a major escalation of the conflict in the Middle East in the coming months, considering the fact that fundamentals

WoodMac: Global oil demand to rise by 2 million Bpd in 2024-oil and gas 360

WoodMac: Global oil demand to rise by 2 million Bpd in 2024

Oil Price Oil demand will continue to set records this year, with global demand growth expected at nearly 2 million barrels per day (bpd) compared to 2023, Wood Mackenzie said in a report on Thursday. China will account for around 25% of the worldwide growth in oil demand, according to the energy consultancy. Total global oil demand will average 103.5 million bpd