More Players, More Dry Powder—So Where are the Deals?

Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.

What's Affecting Oil Prices This Week? (March 24, 2025)

Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.

Shell Takes FID on Gato do Mato Project Offshore Brazil

Shell Plc will be the operator and 50% owner, with Ecopetrol holding 30% interest and TotalEnergies 20%.

Oxy, Looking to Cut Debt, Sells D-J Minerals to Elk for $905MM

Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from Occidental Petroleum, which is looking to shed debt after last year's acquisition of CrownRock.

UK Gas Producer Energean Terminates Carlyle Deal Over Approval Delays

The company said that the two parties were unable to agree on an extension of the long-stop date beyond March 20 to meet the conditions of the agreement.

How DeepSeek Made Jevons Trend Again

As tech and energy investors began scrambling to revise stock valuations after the news broke, Microsoft Corp.’s CEO called it before markets open: “Jevons paradox strikes again!”

US Oil, Gas Rigs Rise for First Time in Three Weeks

Despite this week's rig increase, Baker Hughes said the total count was still down 31 rigs, or 5% below this time last year.

Trump Administration to Open More Alaska Acres for Oil, Gas Drilling

U.S. Interior Secretary Doug Burgum said the agency plans to reopen the 82% of Alaska's National Petroleum Reserve that is available for leasing for development.

Exclusive: Tariff Agenda Forms Muddy Waters for Oil, Gas Decision-Makers

Paul Gruenwald, the global chief economist for S&P Global Ratings, discusses growing concerns with global demand and the impact of tariff uncertainties on the oil and gas industry, in this Hart Energy Exclusive interview.

Apollo Buys Majority Stake in OEG Energy Group

Funds managed by affiliates of Apollo Global Management Inc. are acquiring a majority stake in OEG Energy Group from Oaktree Capital Management LP.