Sources: Devon Energy and Coterra Energy, two US shale producers, are in merger talks.
Three people with knowledge of the matter have confirmed that Devon Energy and Coterra Energy are looking at a possible merger. This could result in one of the biggest independent shale producers in the United States.
Sources: Devon Energy and Coterra Energy, two US shale producers, are in merger talks.
People familiar with the matter have confirmed that Devon Energy and Coterra Energy were exploring the possibility of merging, which could result in one of the biggest independent shale producers in the United States.
Exxon signs contract for deepwater seismic off Trinidad and Tobago
Shearwater Geoservices announced on Thursday that Exxon Mobil had awarded them a contract for the acquisition of 3D seismic data over their large deepwater block off Trinidad and Tobago.
Germany will tender 12 gigawatts in new power plant capacity by 2026
On Thursday, Germany announced that it had reached an agreement with the European Commission regarding a plan to build power plants. It added that it would be tendering 12 gigawatts…
UAE's ADNOC weighs Venezuela gas investment, Bloomberg News reports
Bloomberg News, citing sources familiar with the situation, reported that the?state oil company of Abu Dhabi, ADNOC, is considering entering Venezuela's energy industry. It could also…
After merger probe, UK watchdog orders Aramark divest Entier
The British Competition Watchdog ordered Aramark, a U.S. food services provider, to sell the offshore catering company Entier on Thursday. It ruled that this acquisition would harm…
Energy Capital to sell 2.6 GW gas plants to Talen Energy for $3.45 Billion
Talen Energy announced?on Thursday that it would purchase about 2.6 gigawatts of natural gas-fired generating capacity from private 'equity firm - Energy Capital Partners, for $3.45 Billion.
French wind production drops, causing a split in spot prices
The French spot contract rose on Friday as the French wind supply was expected to fall by almost 40%, and nuclear output declined. Meanwhile, German demand and supply are expected to decrease…
EUROPE GAS - European benchmark reaches 14-week high due to cold weather and LNG risk
The benchmark European gas contract reached a new 14-week high Thursday morning. Cold weather is expected to continue through the end of the month, which will increase demand and deplete storage sites.
Gas subsidies for the government are shrinking in China's North, causing villagers to shiver.
He Wenxiang, a 72-year old farmer, sits on his bed, wearing several layers, including a fur-collared black jacket and a hat. He removes the thermometer from the wall, which reads "about…
US permits talks about Lukoil’s foreign assets to continue until February 28,
The U.S. Department of Treasury on Wednesday extended the license for companies to 'talk' with Russian energy giant Lukoil regarding buying their foreign assets by more than one month, until February 28, 2019.
Saudi Aramco signs long-term supply agreement with Commonwealth LNG
Three people with knowledge of the deal say that 'Saudi Aramco signed a contract with Commonwealth LNG for the U.S. LNG company to supply 1 million metric tons per annum. Saudi Aramco…
Sources say that the Italian government is poised to support a new mandate for Eni CEO
Three sources said that Italy's prime minister Giorgia Meoni was ready to support Eni CEO Claudio Descalzi in a bid to secure a 'new three-year term' at the energy company. This would…
Climate activist shareholder group pushes BP, Shell on plans for declining oil demand
The group Follow This, a climate activist shareholder group, and more than?20 investors filed resolutions on Wednesday asking BP and Shell how they would create value if the global demand for gas and oil declined.
Sources say that the Italian government is poised to support a new mandate for Eni CEO
Three sources said that Italy's Prime minister Giorgia Meoni was ready to support Eni CEO Claudio Descalzi in a bid to extend his tenure as the group's longest-serving leader for another three-year period.
Climate activist shareholder group pushes BP, Shell on plans for declining oil demand
The group Follow This, a climate activist shareholder group, and'more than '20 other investors filed resolutions on Wednesday calling on BP to explain how it will generate value if the global demand for gas and oil declines.
Globe and Mail reports that Canadian Natural is in negotiations to purchase Tourmaline's Natgas portfolio.
Canadian Natural Resources has entered into negotiations to buy a portfolio of natural gas properties worth more than $1 billion from Tourmaline Oil Corp., the Globe and Mail reported Wednesday.
Viaro Energy's purchase of Shell and Exxon UK gas assets fails
Shell and Exxon Mobil halted the sale of natural-gas assets in Britain's Southern North Sea to a British oil producer, Viaro Energy. Shell announced this in a Wednesday statement. Shell…
BP warns of up to $5 billion in impairments due to energy transition and weak oil trading
BP said that it expects to book between $4 and $5 billion of impairments during the fourth quarter. These are mainly related its energy transformation businesses. It also noted a weak oil trading.
EIA: US natgas production to reach record highs in 2026 while demand declines
The U.S. Energy Information Administration said Tuesday that the U.S. Natural Gas output will reach a record high by 2026 while demand is expected to decline. EIA predicted dry gas…