Devon will disburse $3.25 billion in cash and $1.75 billion in stock, it said in a statement Monday. The company plans to finance the first portion with cash on hand and debt. The deal is expected to close by the end of the third quarter. SourceContinue Reading
Manatee is slated to start production in 2027. Once online, Manatee is expected to reach peak production of approximately 104,000 boed. SourceContinue Reading
The company expects to drill as many as five wells within the Northern Cape Ultra Deep license block, about 300 km (186 miles) offshore the west coast of South Africa in depths up to 3,200 m. Shell and TotalEnergies SE made oil and gas discoveries in Namibian waters north of the block starting in 2022....Continue Reading
Saudi Aramco Looks to Raise at Least $3 Billion From New Bond Sale | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Jul 09, 2024, 9:30 AM CDT Saudi state oil...Continue Reading
Russian Moguls Received $11 Billion in Dividends in the Past Year | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Jul 09, 2024, 8:30 AM CDT Executives and shareholders of some...Continue Reading
Oil Prices Drop as Hurricane Beryl Blows Over | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Jul 09, 2024, 7:25 AM CDT The first major hurricane of the year has come and gone without causing any significant supply disruptions, leading...Continue Reading
Texas Energy Industry Starts Restoring Operations After Beryl | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 09, 2024, 7:20 AM CDT Energy companies in Texas began restoring operations on Tuesday after some ports were shut and refineries reduced output ahead of hurricane Beryl, which...Continue Reading
Recovering Hydropower Set to Reduce Fossil Fuels Growth | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Jul 09, 2024, 6:11 AM CDT Following low generation from hydropower in 2023, global...Continue Reading
Oil Depot on Fire in Russia After Ukrainian Drone Strikes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 09, 2024, 5:00 AM CDT An oil depot in the Volgograd region of Russia is burning following a drone attack by the Ukrainian army. The drones...Continue Reading
Energy Transition Companies Are Suffering From Low Valuations | 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 Related News By Irina Slav – Jul 09, 2024, 4:00 AM CDT Wind and solar developers and other transition-related companies are being...Continue Reading
