Vital Energy and Northern Oil and Gas have agreed to acquire Point Energy Partners for $1.1 billion. The acquisition will increase Vital Energy’s Delaware Basin assets by 25%, bringing its total to 84,000 net acres. SourceContinue Reading
Vice President Kamala Harris’ campaign said she doesn’t support a ban on fracing, reversing a stance she took on the hot-button oil and gas extraction technique as a presidential candidate in 2019. SourceContinue Reading
Noble Corp. and Diamond Offshore Drilling Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their pending merger. SourceContinue Reading
The project aims to transport and store up to 500,000 metric tons of CO2 annually from CF Industries’ nitrogen products complex, reducing the site’s CO2 emissions by approximately 50%. The startup is planned for 2028. SourceContinue Reading
Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. SourceContinue Reading
Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings. SourceContinue Reading
TotalEnergies has sold its stake in 18 Nigerian onshore oil mining licenses to Mauritius-based Chappal Energies. This sale reflects a broader trend where junior and independent explorers, along with African national oil companies are increasingly acquiring onshore assets as global majors shift their focus to offshore projects. SourceContinue Reading
The contracts involve both conventional and in-field processing services for 2D and 3D seismic surveys in countries like Saudi Arabia, Pakistan, Ukraine, the USA, Colombia, and Brazil. SourceContinue Reading
Leading national energy associations have expressed strong backing for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). SourceContinue Reading
