Vermilion Energy Inc. announces strategic deep basin acquisition
(Oil & Gas 360) – CALGARY, AB, Dec. 23, 2024 /CNW/ – Vermilion Energy Inc. (“Vermilion”, or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce it has entered into an arrangement agreement (the “Arrangement Agreement”) to acquire Westbrick Energy Ltd. (“Westbrick”), a privately held oil and
Oil prices stable on Monday as data offsets surplus concerns
(Investing) – LONDON – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West
Will trump let Putin get Ukraine’s $26 trillion in gas and minerals?
(Washington Post) – Donald Trump often says that liberating Iraq without getting its oil resources was one of America’s biggest foreign policy blunders. He has a chance to avoid a similar mistake in Ukraine. Ukraine is not only the breadbasket of Europe; it is also a mineral superpower with
U.S. remains the world’s top LNG exporter as shipments hit record high
(Oil Price) – The United States will remain the world’s largest LNG exporter in 2024 ahead of Qatar and Australia as America’s liquefied natural gas shipments are set to increase to a new record high from the previous all-time high of 2023. The United States
Will trump let Putin get Ukraine’s $26 trillion in gas and minerals?
(Washington Post) – Donald Trump often says that liberating Iraq without getting its oil resources was one of America’s biggest foreign policy blunders. He has a chance to avoid a similar mistake in Ukraine. Ukraine is not only the breadbasket of Europe; it is also a mineral superpower with
Saudi Aramco advances plan to build large-capacity CCS facility
(World Oil) – Saudi Aramco is moving closer to building a giant carbon capture and storage project at its main refining and chemicals hub at Jubail, on the kingdom’s Gulf coast. The oil producer signed a shareholders’ agreement with partners Linde Plc and SLB
ADNOC L&S adds 20 offshore assets in 2024 to expand integrated logistics business
(World Oil) – ADNOC Logistics & Services Plc. has announced that its Integrated Logistics business segment expanded significantly in 2024, with 20 offshore assets acquired and hire contracts secured for 19 jackup barge (JUB) deployments. As part of the segment’s expansion strategy, ADNOC
Matador Resources Company announces contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC
(Oil & Gas 360) – DALLAS–(BUSINESS WIRE)–Dec. 5, 2024– Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has executed a definitive agreement whereby Matador would contribute Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s midstream joint venture (“San Mateo”), for a total
Biden administration races to approve green funding ahead of Trump presidency
(Oil Price) – Following the recent election of Donald Trump as the next president of the U.S., the Biden administration is racing to approve huge quantities of green funding to ensure the U.S. gets the best chance possible at a green transition. The Biden government’s
The Panama Canal is key to American LNG
Oil Price Back in March, S&P Global reported that a record 24 cargoes carrying nearly 1.6 million metric tons of U.S. LNG had reached Asia via the Cape of Good Hope in the first three months of 2024, with exporters choosing the much longer route and
Oil prices stable on Monday as data offsets surplus concerns
(Investing) – LONDON – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West
