Diamondback said it agreed to purchase closely held Guidon Operating LLC. That cash-and-stock deal values Guidon, which was co-founded in 2016 by funds managed with Blackstone Group, at about $862 million. SourceContinue Reading
The Anglo-Dutch energy giant gave a first taste of what could prove to be another bleak quarter for the industry. It warned of another multibillion-dollar impairment charge, significantly weaker oil trading, a loss in its upstream division and fuel sales that remain sluggish. SourceContinue Reading
Weir Oil and Gas Dubai signed a five-year $70 million contract with Thailand’s PTT Exploration and Production, a subsidiary of state-owned energy conglomerate PTT, to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. SourceContinue Reading
Diamondback Energy and QEP Resources have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020. SourceContinue Reading
More than 16 million Britons are now required to stay at home after a full lockdown came into force in London and the southeast of England. Some European countries are limiting travel with the UK and France halted freight movements to England for 48 hours. SourceContinue Reading
Fuel Demand In India Is Soaring Despite Pandemic | 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 – Dec 20, 2020, 7:00 PM CST India, the world’s third-largest oil importer and consumer, turned from...Continue Reading
The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St. | OilPrice.com Premium Content By Mike Danes – Dec 20, 2020, 6:00 PM CST Big money is turning its back on companies that aren’t conforming to one simple idea… Sustainability. And it’s fueling one of the biggest transfers of capital the world...Continue Reading
Colombia’s Oil Industry Could Stage A Comeback In 2021 | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Dec 20, 2020, 4:00 PM CST The last year...Continue Reading
Cutting-Edge Tech Is The Future Of Emissions Control | 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 – Dec 20, 2020, 2:00 PM CST Methane emissions, especially those from the oil and gas industry,...Continue Reading
