Oil pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the deal, a judge concluded. SourceContinue Reading
Gazprom PJSC has finished preparing the controversial Nord Stream 2 pipeline for natural gas exports to Europe, yet actual deliveries depend on how quickly regulators grant the project approval amid souring relations between Russia and Western nations. SourceContinue Reading
Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas. SourceContinue Reading
Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a U.S. official said Tuesday. SourceContinue Reading
TDI-Brooks recently completed a Geotechnical Site Investigation for Beacon Exploration and Production LLC in the deepwater Gulf of Mexico. The project consisted of heavy geotechnical coring/cone penetration testing with TDI-Brooks’ research vessel, the R/V GYRE. SourceContinue Reading
Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market. SourceContinue Reading
Royal Dutch Shell Plc has been ordered by a South African court to temporarily halt an offshore seismic survey after local communities took legal action to block the project. SourceContinue Reading
The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India. SourceContinue Reading
Oil rose in tandem with equity markets as investors weighed the rapid spread of omicron against signs it may be milder than previous variants. SourceContinue Reading
APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North African nation. APA was the day’s best performer in the SandP 500 Index. SourceContinue Reading
