Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. SourceContinue Reading

The oil and gas and basic industry sectors are expected by Barclays to be the most active for M&A during the next year. This week alone, Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal, while ConocoPhillips announced a $17 billion deal for fellow producer Marathon Oil Corp. SourceContinue Reading

BHP-Anglo Debacle Shines Spotlight on Copper Scarcity | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jun 02, 2024, 5:00 PM CDT Copper prices are soaring amid concerns about resource scarcity and expectations...Continue Reading

Surge has now identified the potential for up to 100 multi-lateral drilling locations at Hope Valley. Surge’s technical interpretation of its recent 46 square kilometer 3-D seismic program has allowed the company to de-risk these future drilling locations in Hope Valley. SourceContinue Reading

Mineral Resources Development Company Limited (“MRDC”) and Twinza Oil Limited (“Twinza”) have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% Participating Interest in the Pasca A Development Project. Additionally, the companies agreed to cooperate in the acquisition and development of other oil and gas...Continue Reading

Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the “Natural Gas Tax Repeal Act,” by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax on methane emissions, a move that the EWTC believes is crucial for the future of the energy industry. SourceContinue Reading

AI’s Rapid Growth Threatens Big Tech’s Clean Energy Efforts | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Jun 02, 2024, 2:00 PM CDT Developed nations’ energy...Continue Reading

The agreement reached in Riyadh on Sunday exceeds market expectations in some ways, extending so-called “voluntary” cuts from key members including Saudi Arabia and Russia well into next year. However, it also begins rolling back those supply reductions in October, earlier than some OPEC-watchers had assumed. SourceContinue Reading

South Australia Turns to Solar Energy for Economic Survival | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jun 02, 2024, 12:00 PM CDT Australia is developing large-scale...Continue Reading

The Ukraine War Has Transformed Global Grain Trade | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 02, 2024, 10:00 AM CDT Ukraine’s grain exports were redirected due to the war and Black Sea blockade. The Black Sea Grain Initiative allowed the...Continue Reading