All articles tagged with #oil and gas
Originally Published 5 days ago — by Financial Times
Chevron and Quantum Capital Group are preparing a bid for $22 billion worth of Lukoil assets, indicating a significant move in the oil and gas industry.
Originally Published 18 days ago — by Reuters
BP is selling a 65% stake in its Castrol lubricants business to private equity firm Stonepeak for $6 billion as part of its strategy to reduce debt and focus on core oil and gas operations, with BP retaining a 35% stake and the deal expected to complete by the end of 2026.
Originally Published 18 days ago — by BBC
BP has sold a 65% stake in its Castrol motor oil division to US investment firm Stonepeak for $6 billion, valuing Castrol at $10.1 billion, as part of BP's strategy to focus on core oil and gas businesses and reduce debt, while shifting away from green energy investments.
Originally Published 24 days ago — by CNBC
BP has appointed Meg O’Neill, CEO of Woodside Energy, as its new CEO, marking a shift back to focusing on core oil and gas businesses after a period of green energy emphasis. She will succeed Murray Auchincloss, who will step down, with interim CEO Carol Howle taking over until April. This leadership change is seen as a move to stabilize BP and refocus on its traditional strengths amid recent underperformance and strategic reset efforts.
Originally Published 25 days ago — by Bloomberg.com
BP appointed Meg O’Neill as its first female CEO, signaling a shift back to focusing on oil, gas, and LNG amid struggles and pressure from activist investors to divest from renewables and cut costs, aiming to revive the company's fortunes.
Originally Published 25 days ago — by Federal Reserve Bank of Dallas
Oil and gas activity in the Dallas Fed district is slightly declining amid ongoing pessimism, with firms expecting modest changes in production and employment, and forecasting WTI prices around $62 per barrel in 2026, while capital spending remains uncertain and AI's impact on costs is viewed as limited.
Originally Published 2 months ago — by Financial Times
SM Energy and Civitas Resources are merging in an all-stock deal to form a $13 billion oil and gas company focused on the Permian Basin, making it one of the top 10 independent US oil producers, with the deal expected to close in early 2026.
Originally Published 2 months ago — by PR Newswire
SM Energy and Civitas Resources are merging in a $12.8 billion all-stock deal to create a top-10 U.S. independent oil producer with a premier asset portfolio, significant synergies, and strong free cash flow projections, aiming to enhance shareholder value and sustainability.
Originally Published 2 months ago — by Upstream Online
TotalEnergies has lifted the force majeure on its $20 billion Mozambique LNG project, signaling progress in the project’s development amidst the global energy transition.
Originally Published 2 months ago — by TipRanks
The article highlights two high-yield dividend stocks, Mach Natural Resources and Kinetik, both with strong analyst ratings and attractive dividend yields of up to 12.5% and 7.7%, respectively, suggesting they are promising investments for passive income and growth in the energy sector despite recent market volatility.
Originally Published 3 months ago — by Federal Reserve Bank of Dallas
Oil and gas activity slightly declined in Q3 2025 amid rising costs, regulatory impacts, and market uncertainty, with firms expecting modest price increases and a cautious outlook on future exploration, especially outside the US. Theft and delayed investments are notable issues, while AI and sourcing from China are areas of strategic focus.
Originally Published 3 months ago — by Upstream Online
Adnoc's XRG has canceled its $18.7 billion acquisition of Santos, marking a significant development in the energy sector amidst ongoing industry shifts.
Originally Published 4 months ago — by Reuters
Crescent Energy is acquiring Vital Energy in a $3.1 billion all-stock deal to strengthen its position in the Permian shale basin, with plans to improve its scale and attract investors, despite some concerns over valuation and stock performance.
Originally Published 5 months ago — by Business Insider
Matt Toohey, a seasoned landman in Texas, discusses the realism of the TV show 'Landman,' noting it exaggerates some aspects like cartel involvement but accurately depicts the land negotiation process and industry terminology, highlighting the middleman role of landmen in oil and gas operations.
Originally Published 5 months ago — by Financial Times
Energy experts warn that Donald Trump's proposed EU oil and gas deal is unrealistic and unlikely to succeed, describing it as 'pie in the sky.'