This post was originally published on this siteFeb 16, 2022 (Bloomberg) Colgate Energy, a private equity-backed energy explorer in the Permian Basin that’s been preparing to go public, is also considering a sale after getting takeover interest, according to people familiar with the matter.The company could fetch about $5 billion in a sale, said one of […]

This post was originally published on this siteFeb 16, 2022 (Bloomberg) Marathon Oil Corp. said oil and natural gas production won’t increase this year as it concentrates on pouring cash into dividends and share buybacks. The shale giant announced plans to spend $1.2 billion on capital projects this year, in line with analysts’ expectations for a

This post was originally published on this siteFeb 16, 2022 (Bloomberg) Some U.S. producers of gasoline that have relied on imports of Russian oil are looking for alternative supplies amid heightened tensions in Eastern Europe. At least two major Gulf Coast refiners are seeking to diversify their purchases of fuel oil that can be used as

This post was originally published on this siteFeb 16, 2022 (Bloomberg) Pioneer Natural Resources Co. renewed a pledge to limit any production increases to no more than 5% this year despite surging commodity prices that have increased the temptation for shale drillers to usher in a new era of breakneck growth. Pioneer expects to pump the

This post was originally published on this siteBrent prices have swung wildly above $90 this week.

This post was originally published on this siteFeb 16, 2022 (Bloomberg) The two-year Covid crisis put many markets on a wild ride—just look at U.S. treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel today.It’s not only the price swings that have shocked motorists,

This post was originally published on this siteFebruary 16, 2022 HOUSTON, Feb. 16, 2022 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $19.9 million, or $0.33 per share, for the fourth quarter of 2021. The reported results included: non-cash impairment charges of $2.2 million ($1.7 million after tax, or $0.03 per share) related

This post was originally published on this siteThe moves underscore the extent of concerns in the energy industry over the situation in Ukraine.

This post was originally published on this siteAker Carbon Capture and the Northern Lights JV have signed an MoU to collaborate on the realization of CCS projects across Europe.

This post was originally published on this siteGlobalData’s latest report revealed that 105 projects are expected to commence operations in the UK to 2026.