Diamondback Energy kicks off bond sale to fund $26 billion Endeavor acquisition
Oil & Gas 360
by Oil & Gas 360
3h ago
World Oil (Bloomberg) – Diamondback Energy Inc. is tapping the U.S. investment-grade market with a bond offering to partly help fund its $26 billion takeover of Endeavor Energy Resources LP, joining other blue-chip companies capitalizing on robust investor demand to … The post Diamondback Energy kicks off bond sale to fund $26 billion Endeavor acquisition appeared first on Oil & Gas 360 ..read more
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Europe’s sustainable fund flows grow as U.S. ESG market shrinks
Oil & Gas 360
by Oil & Gas 360
3h ago
Oil Price Investor appetite for ESG funds and other sustainable investments remains steady in Europe, in stark contrast with the United States, where the ESG backlash has had investors pull billions of U.S. dollars out of sustainable funds over the … The post Europe’s sustainable fund flows grow as U.S. ESG market shrinks appeared first on Oil & Gas 360 ..read more
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U.S. rig count had a decrease of 3 this week, at 617
Oil & Gas 360
by Oil & Gas 360
6h ago
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 617 rigs. Canada had an increase of 5 over last week, resulting in … The post U.S. rig count had a decrease of 3 this week, at 617 appeared first on Oil & Gas 360 ..read more
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GeoPark announces exclusive negotiations for unconventional blocks in Vaca Muerta in Argentina
Oil & Gas 360
by Oil & Gas 360
6h ago
Oil and Gas 360 Bogota, Colombia – April 11, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that the Company has submitted a binding … The post GeoPark announces exclusive negotiations for unconventional blocks in Vaca Muerta in Argentina appeared first on Oil & Gas 360 ..read more
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U.S. crude oil breaks above $87 as Israel reportedly preparing for Iran attack this weekend
Oil & Gas 360
by Oil & Gas 360
6h ago
CNBC U.S. crude oil broke above $87 a barrel on Friday as futures rallied on reports that Israel is preparing for a direct attack by Iran this weekend, in what would be the biggest escalation of Middle East tensions since … The post U.S. crude oil breaks above $87 as Israel reportedly preparing for Iran attack this weekend appeared first on Oil & Gas 360 ..read more
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Biden administration plans “sweeping” effort to block oil and gas exploration in Alaska
Oil & Gas 360
by Oil & Gas 360
6h ago
Yahoo Finance (Bloomberg) – The U.S. set aside 23 million acres of Alaska’s North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development across roughly half … The post Biden administration plans “sweeping” effort to block oil and gas exploration in Alaska appeared first on Oil & Gas 360 ..read more
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Texas natural gas prices are negative as drillers chase oil sales
Oil & Gas 360
by Oil & Gas 360
1d ago
Oil Price Natural gas prices at the Waha hub in the Permian basin in Texas slumped to a negative value of -$2.00 per million British thermal units (MMBtu) this week as the recent rise in oil prices prompts producers to … The post Texas natural gas prices are negative as drillers chase oil sales appeared first on Oil & Gas 360 ..read more
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Oil market needs close monitoring amidst “robust” summer demand, OPEC reports
Oil & Gas 360
by Oil & Gas 360
1d ago
World Oil (Bloomberg) – Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report. The producers group … The post Oil market needs close monitoring amidst “robust” summer demand, OPEC reports appeared first on Oil & Gas 360 ..read more
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Enterprise receives approval to build Texas deepwater oil port as exports soar
Oil & Gas 360
by Oil & Gas 360
2d ago
World Oil (Bloomberg) – Enterprise Products Partners overcame the last regulatory hurdle to build a proposed deepwater oil port off the coast of Texas aimed at helping record oil exports to flow to markets in Asia and Europe. The United … The post Enterprise receives approval to build Texas deepwater oil port as exports soar appeared first on Oil & Gas 360 ..read more
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OPEC+ faces fork in the road
Oil & Gas 360
by Oil & Gas 360
2d ago
Oil Price OPEC+ once again extended its oil production cuts this month. The decision was anything but unexpected and, unlike previous production policy announcements, it had the desired effect on prices. However, it could only work for so long. Soon, … The post OPEC+ faces fork in the road appeared first on Oil & Gas 360 ..read more
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