Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
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 Plc will be the operator and 50% owner, with Ecopetrol holding 30% interest and TotalEnergies 20%.
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.
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.
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!”
Despite this week's rig increase, Baker Hughes said the total count was still down 31 rigs, or 5% below this time last year.
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.
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.
Funds managed by affiliates of Apollo Global Management Inc. are acquiring a majority stake in OEG Energy Group from Oaktree Capital Management LP.