Lingyun Xiang has been appointed as Financial and Economic Advisor to the Federal Republic of Nigeria
May 28, 2024
Beijing, China, May 28, 2024 (GLOBE NEWSWIRE) — On May 15, 2024, on the occasion of the 53rd ann…
Diamondback Energy, Inc. announces sale of WTG Midstream
May 28, 2024
Oil and Gas 360 MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The
ReconAfrica eyes June 2024 drilling date for highly-anticipated exploration well onshore Namibia
May 28, 2024
World Oil Publisher’s Note: ReconAfrica will be presenting at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend. (WO) – In a recent operations update, Reconnaissance Energy Africa Ltd. (ReconAfrica) announced that it’s eyeing a June 2024 spud date for its Naingopo exploration well on Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia. Brian
Energy Transfer to buy Permian operator WTG for $3.3 billion
May 28, 2024
Yahoo Finance (Bloomberg) — Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal that will expand the US pipeline giant’s already sprawling network in the Permian Basin. Energy Transfer will pay $2.45 billion in cash and about 50.8 million newly issued Energy Transfer common units to acquire the Midland, Texas-based company from affiliates of Stonepeak, the
Climate activist investor Arjuna Capital withdraws ExxonMobil shareholder proposal with promises to “back off”
May 28, 2024
World Oil (Bloomberg) – The Exxon Mobil Corp. investor that the oil giant is suing for its climate-related shareholder proposal is promising not to file similar motions in the future in a bid to get the legal action dropped. While Arjuna Capital had already withdrawn the shareholder proposal to accelerate greenhouse-gas emissions cuts that was at issue in the lawsuit,
Canada could lose $55 billion in oil investment if emissions cap Is implemented
May 28, 2024
Oil Price Canada’s oil and gas industry could lose US$55 billion (C$75 billion) in upstream investment by 2035 if the federal government implements a stringent 40% emissions cap from 2030, the Canadian Association of Petroleum Producer (CAPP) says, citing a report by S&P Global Commodity Insights it had commissioned. At the end of last year, Canada’s federal government introduced a draft framework to
Oil steadies as OPEC+ restraint balances interest rate concerns
May 28, 2024
Yahoo Finance LONDON – Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern about higher-for-longer U.S. interest rates. On Monday, oil prices rose more than 1% in muted trade owing to public holidays in Britain and the United States,
