February 18, 2025

Diamondback Energy, Inc. announces midland basin acquisition

February 18, 2025

(Oil & Gas 360) – MIDLAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”) in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments (the “Double Eagle Acquisition”).

Brazil to join OPEC+, group of major oil-exporting nations

February 18, 2025

(BOE Report) – BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit. The National Council for Energy Policy’s approval came in response to an official invitation in 2023. The group includes the 12 members

Halliburton launches its second electric TRSV following success of industry’s first

February 18, 2025

(World Oil) – Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New Technology Award in 2017. With the new EcoStar eTRSV, Halliburton solved a three-decade industry challenge by eliminating hydraulic actuations from safety valve systems.

Drone strike on pipeline could cut Kazakhstan oil exports by 30%, operator says

February 18, 2025

(Reuters) – MOSCOW – Kazakhstan’s oil exports could be cut by 30% for up to two months via its main pipeline due to damage from a Ukrainian drone attack, Russia’s state pipeline operator said on Tuesday. Monday’s attack occurred a day before U.S. and Russian officials met in Riyadh for their first talks on ending the war in Ukraine, as Kyiv and

TotalEnergies to invest $1-billion in green hydrogen projects

February 18, 2025

(Oil Price) – TotalEnergies and Air Liquide plan to invest a combined more than $1.046 billion (1 billion euros) in two electrolyzer projects to produce green hydrogen in the Netherlands, as part of the French supermajor’s efforts to slash emissions from its refineries in northwest Europe. TotalEnergies on Tuesday said it had signed agreements with French industrial gases firm Air Liquide to

Oil trades steady as Ukraine peace talks counter supply disruptions

February 18, 2025

(CNBC) – Oil prices were largely steady on Thursday, paring losses of more than 1% earlier in the session, as a potential peace deal between Russia and Ukraine continued to exert downward pressure, but expectations about a pause in new U.S. tariffs fueled optimism. Brent crude futures closed down 16 cents, or 0.21%, at $75.02 a barrel, while U.S. West Texas Intermediate crude (WTI) settled down 8

Diamondback Energy, Inc. announces midland basin acquisition

Brazil to join OPEC+, group of major oil-exporting nations

Halliburton launches its second electric TRSV following success of industry’s first

Drone strike on pipeline could cut Kazakhstan oil exports by 30%, operator says

TotalEnergies to invest $1-billion in green hydrogen projects

Oil trades steady as Ukraine peace talks counter supply disruptions

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