E&P Highlights: Nov. 25, 2024
Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.
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Crude Oil
What's Affecting Oil Prices This Week? (Nov. 25, 2024)
For the upcoming week, a key resistance level for the price of Brent crude is $76. If the price of Brent crude can break above this level, Stratas Advisors could see Brent crude moving toward $80.
Pipelines
EQT, Blackstone Credit Enter $3.5 Billion Midstream Joint Venture
Blackstone Credit & Insurance entered a joint venture with EQT Corp. to take a non-controlling interest in the Mountain Valley Pipeline and other infrastructure from the Equitrans transactions for $3.5 billion.
Policy & Regulations
Attitude Adjustment Incoming from DC, Energy Experts Say
The energy Industry can expect more cooperation from the federal government through personnel and policy adjustments.
Acquisitions & Divestitures
ONEOK Announces $4.3B Deal to Acquire Remaining EnLink Stock
ONEOK’s deal to acquire the remaining stake in EnLink is expected to close in the first quarter of 2025.
Artificial Intelligence
From Days to Minutes: AI’s Potential to Transform Energy Sector
Despite concerns many might have, AI looks to be the next great tool for the energy industry, experts say.
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Oil and Gas Investor Magazine
Hollub: Oxy Low Carbon Ventures Bolsters US Energy Independence
Occidental Petroleum is making a number of low-carbon moves in the Permian—a maneuver that will bolster the U.S.' energy independence, CEO Vicki Hollub told Hart Energy in an exclusive interview.