Wednesday, November 27, 2024
The U.S. oil and gas industry spent $234 billion on M&A in 2023- oil and gas 360

The U.S. oil and gas industry spent $234 billion on M&A in 2023

Oil Price U.S. oil and gas exploration and production companies spent as much as $234 billion on mergers and acquisitions (M&A) last year—the highest such spend in real dollar terms since 2012, the Energy Information Administration (EIA) said in an analysis on Tuesday. The deal-making of the past year marks a return to the consolidation trend from before 2020, the EIA noted.

U.S. aims to restock strategic oil reserves by year-end- oil and gas 360

U.S. aims to restock strategic oil reserves by year-end

Oil Price The Biden Administration aims to have crude in the Strategic Petroleum Reserve (SPR) back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at the CERAWeek energy conference in Houston. The U.S. saw the stockpiles of crude oil in the SPR fall from 638 million barrels

CERAWEEK- US should not "flip-flop" on gas export policy- Hess CEO- oil and gas 360

CERAWEEK- US should not “flip-flop” on gas export policy- Hess CEO

Yahoo Finance HOUSTON – The United States should not flip-flop on its gas export policy, Hess CEO John Hess said on Tuesday. U.S. President Joe Biden’s administration has hit pause on permits for new liquefied natural gas (LNG) export plants to ensure projects do not undermine U.S. targets to cut greenhouse gas emissions. “Consumers have to rely on the United