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Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.
Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth
Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.
BP Energy Outlook: Oil Demand Diminishes, NatGas, LNG a Wildcard
BP’s energy outlook presents a view at current trends for energy use through 2025 and a net zero case, which would require a history-defying shift from adding fuel sources to substituting them.
KC Fed Survey: NatGas to Rise, but Not Enough for Profitability
The Kansas City Federal Reserve Bank’s energy survey saw activity decline in the second quarter as producers look to the back half of 2024 for natural gas prices to improve—but not enough to turn a profit.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
Same Game, Fewer Players: Midstream M&A Stands Apart from E&P Sector
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
OPEC+ Brings Oil Overproduction Under Heel—Rystad
After years of noncompliance and underreporting of actual crude production, many OPEC+ members are voluntarily reducing output beyond set goals, according to analysis by Rystad Energy.
What's Affecting Oil Prices This Week? (July 15, 2024)
Stratas Advisors expects economic news to put some downward pressure on oil prices during the upcoming week.
CNOOC’s Bohai Bay Well Achieves High Yield
CNOOC’s Bozhong 19-6 Condensate Gas Field D1 well, the first ultra-deep well in China’s Bohai Bay, is currently producing approximately 6,300 boe/d.
Paisie: OPEC+ Will Be Able to Manage Prices
Disappointing economic news has contributed to a drop in oil prices.