(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of King’s Bench of Alberta on March 6, 2025. The addition of Lucero’s operations will enable
(Oil Price) – Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is real—but temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+’s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. Rystad’s Mukesh Sahdev, Global Head of Commodity Markets
(Reuters) – U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. Former President Joe Biden’s administration sold nearly 300 million barrels from the reserve including a 180-million-barrel sale in 2022 after Russia invaded Ukraine.
(World Oil) – (Bloomberg) – The United Arab Emirates’ biggest oil company is seeking to buy its first natural gas producing fields in the U.S. to deepen its presence in the country, according to people familiar with the matter. Abu Dhabi National Oil Co. wants the deals to complement its recent acquisitions of chemical plants and liquefied natural gas export
This week’s Baker Hughes Rig Count shows that the U.S. had a decrease of 1 over last week, resulting in a total count of 592 rigs. Canada had a decrease of 14 over last week, resulting in a total Canadian count of 234 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford, and the Eagle
(Investing) – HOUSTON -Oil prices were up on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine. Trump said in a post on Truth Social that he was “strongly considering” sanctions on Russian banks and tariffs on Russian products because its armed forces continue attacks in
(Investing) – U.S. natural gas prices fell Friday, as traders digest a weaker-than-expected storage report as warmer spring conditions approach. At 10:25 ET (15:25 GMT), natural gas prices fell 1.6% to $4.232 per million British thermal units, or MMBtu, after earlier this week climbing to its highest levels since December 2022. This bearish tone stemmed from Thursday’s EIA storage report, which showed a
(Investing) – South Dakota Governor Larry Rhoden signed a bill on Thursday banning the use of eminent domain, which allows private land to be taken for public use, for the construction of carbon dioxide pipelines, potentially endangering a $9 billion project proposed by Summit Carbon Solutions. Summit’s pipeline would carry captured carbon dioxide from ethanol plants in five Midwest states to
Fiscal 2024 sales of $1.8 billion, up 7.4 percent from fiscal 2023 Full year GAAP diluted…
HOUSTON, TEXAS / ACCESS Newswire / March 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) …
NEW YORK, NY / ACCESS Newswire / March 6, 2025 / WHY: Rosen Law Firm, a global investor righ…
New York, New York–(Newsfile Corp. – March 6, 2025) – WHY: Rosen Law Firm, a global investor r…
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