With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
The oil and gas rig count fell by one to 592 in the week to March 28.
Natural gas will play a key role in feeding energy to tech providers like Microsoft Corp. as China innovates in the AI arms race at breakneck speed, Interior Secretary Doug Burgum said at CERAWeek by S&P Global.
The extra warm spring weather has allowed stocks to rise, but analysts expect high demand in the summer to keep pressure on U.S. storage levels.
Recent price jumps and rising demand don’t negate the need to protect against future drops.
BKV says it has more than 15 years of refrac and new drilling inventory in the Barnett.
The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment's Margham Gas project.
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.
Ukrainian peace talks could end with Russian gas back on the market, Poten & Partners analysts said.