Monday, December 23, 2024
Report shows U.S. upstream mergers and acquisitions open strong in 2022- oil and gas 360

Report shows U.S. upstream mergers and acquisitions open strong in 2022

World Oil Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q1 2022 M&A activity. As the M&A market marched into the new year, $14 billion in deals were announced during the first quarter of 2022. The $6 billion transacted in January 2022 was the strongest M&A market launch in five years. However, the last

Oil & gas market report expects continued demand increases this year- oil and gas 360

Oil & gas market report expects continued demand increases this year

World Oil (World Oil) — A new market update report shows the U.S. oil and gas (O&G) industry can expect to see continued demand recovery and positive effects from the passage of the Infrastructure Investment and Jobs Act, but regulatory environments tightened last year.     The Oil & Gas Market Update report is authored by Patrick McRorie, a partner with Lathrop

U.S. oil and gas leasing report coming soon, administration official says- oil and gas 360

U.S. oil and gas leasing report coming soon, administration official says

Nasdaq A Biden administration report on federal oil and gas leasing is undergoing an interagency review and should be published soon, an Interior Department official said on Tuesday. “Reports like this that come at the direction of an executive order do go through an appropriate interagency and White House review process,” Laura Daniel-Davis said during a Senate Energy and Natural

Australia Poised to Become World’s Largest LNG Exporter

From The Houston Chronicle Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting. Australian LNG capacity reached 11.4 billion cubic feet a day this year, more than four times what it was in 2011 and surpassing Qatar’s capacity. Australia “exported more LNG than

The Response by U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

Kansas City Federal Reserve Bank economist Nida Cakir Melek asks the thought provoking question in a report released by the bank today. The bank posits that “the oil sector has become increasingly important to the U.S. economy over the past decade, and total U.S. business fixed investment appears to have followed oil investment’s pattern in recent years. “This positive correlation

NatGas Will Provide Bulk of U.S. Electricity for at Least Two More Years

United States leans away from coal as natural gas powers up to 20 gigawatts in 2018 The EIA’s January 2018 Short-Term Energy Outlook (STEO) forecasted that natural gas will remain the primary source of U.S. electricity generation for at least the next two years. The share of total electricity supplied by natural gas-fired power plants is expected to average 33%

Texas Economic Activity, Oilfield Hiring Up: Dallas Federal Reserve

Activity in the Eleventh Federal Reserve District’s energy sector gained momentum in the fourth quarter of 2017, according to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of business conditions—climbed over 10 points to 38.1, with the increase driven by the exploration and production side of the industry. Oil and gas production increased for the fifth

Oil & Gas 360

Moody’s Calls for Oil Prices to “Eventually Rebound”

Revises Price Assumptions Down in the Interim A Moody’s Investors Service report out today has lowered pricing assumptions for Brent and WTI and examines how a sustained period of lower oil prices would affect certain industries in producing and non-producing countries. Moody’s revised its crude oil spot pricing assumptions as follows: The report sums up the situation as follows: “Ongoing