Baker Hughes: U.S. Oil Drillers Cut Rigs Again
U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for…
Source: aogdigital.com
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Mohammad Barkindo, OPEC secretary-general, dies at 63
OPEC Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the OPEC+ alliance, has died in his native Nigeria. He was 63.
Source: stripes.com
OPEC Secretary-General Mohammad Barkindo dies at 63
OPEC Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the OPEC+ alliance, has died in his native Nigeria. He was 63.
Source: worldoil.com
Centennial, Colgate Energy combine to create $7bn oil producer
Centennial Resource Development Inc. and Colgate Energy Partners III LLC have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused US oil and gas producer. The deal comes when global crude prices have surged after sanctions on big producer Russia following its invasion of Ukraine, helping create attractive corporate
Source: arabnews.com
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.
Source: hartenergy.com