Vermilion's Westbrick Deal Worth $745 Million
Dec 23, 2024 · Vermilion Energy, a Canadian company, announced on Monday that it would acquire Westbrick Energy, a privately-held oil and gas company. The deal will be for C$1.075 Billion ($746.53 M), mostly in cash. This acquisition will strengthen Vermilion Energy's position in Alberta's Deep Basin. In premarket ...
Egypt Reduces Renewable Energy Targets To 40% By 2040,
Oct 20, 2024 · The Egyptian government has revised the renewable energy goal for 2040 from 58% to 40%, said Petroleum Minister Karim Badayi on Sunday. He also stressed that natural gas would remain an important part of Egypt's energy mix in years to come.
Woodside Energy CEO: We Are In Discussions With
Sep 16, 2024 · Woodside Energy CEO Meg O'Neill announced on Monday that the company is in talks with U.S. onshore gas producers, pipelines and companies who share its views and outlook on liquefied gas for its Driftwood LNG Project.
Indonesia Confirms The B40 Biodiesel Plan To Be
Nov 13, 2024 · Orsted plunges 17% following US impairments, Trump adds uncertainty. Orsted shares fell 17% Tuesday, after the company posted an impairment charge for delays in a U.S. off-shore project.
US Agency Protects Nevada Mountains From Energy
Dec 30, 2024 · The Biden administration took action on Monday to protect the Ruby Mountains of northeast Nevada for a period of 20 years from any oil, gas or geothermal development. Interior Department approved a request by U.S. Forest Service for the withdrawal of 264,442 acre federal land in Ruby Mountains from ...
Russia's Oil Production In 2024 Is Expected To Decline
Dec 5, 2024 · Interfax news agency reported that Deputy Prime minister Alexander Novak said on Thursday that Russia will produce between 518-521 millions metric tons of oil (10.36-10.42million barrels per day).
Three workers sue Pemex in Texas for injuries
Oct 14, 2024 · Infinity Natural aims to reach a valuation of $1.2 billion in the US IPO. Infinity Natural Resources, a producer of oil, is aiming for a value of up to 1,24 billion dollars in its initial public offer.
EIA: Cushing Crude Stocks fall to Decade-low levels
Jan 16, 2025 · U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with ...
Palm Oil Prices Continue To Fall Amid Uncertainty About
Dec 19, 2024 · Palm oil prices continue to fall amid uncertainty about biofuel policies in Indonesia and the US. December 19, 2024
Congo Cancels The Licensing Round For 27 Oil Block
Oct 14, 2024 · According to a Monday statement on the hydrocarbons minister's X Twitter account, the Democratic Republic of Congo has canceled a licensing round originally launched in 2020 to tap the nation's potential for oil and gas.