More Top Stories in Business

Global Oil Demand to Surpass Pre-COVID Levels: Report

Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.

July 6, 2022

Mohammad Barkindo, Who Led OPEC in Turbulent Times, Dies at 63

OPEC Secretary-general Mohammad Barkindo died late July 5, hours after meeting Nigerian President Muhammadu Buhari and giving the main speech at an energy summit in Abuja.

July 6, 2022

US Investors Form Venture to Pursue Oil and Gas Projects in Venezuela

U.S.-based Gramercy Funds Management and Atmos Global Energy said their JV would work with an arm of Inelectra Group, which holds a stake in the Gulf of Paria East oil project off Venezuela’s eastern coast.

July 6, 2022

S.T.L. Resources Outmaneuvers Rival Bidders to Snag Bankrupt Tilden Marcellus

S.T.L. Resources initially appeared to win Marshland Field assets mineral leases and infrastructure in the Marcellus, but a last-minute bidder nearly upended the process.

July 6, 2022

Ovintiv to Sell ‘Noncore’ Bakken, Uinta Assets for $250 Million

As a result of the agreements to sell portions of its assets located in the Bakken and Uinta basins, Ovintiv said it has elected to accelerate the doubling of its cash returns to shareholders starting immediately.

July 6, 2022

Women in Energy: Amy Chronis, Deloitte

Today’s featured 25 Influential Women in Energy honoree is Amy Chronis, vice chairman — U.S. oil, gas and chemicals leader and Houston managing partner for Deloitte based in Houston.

July 6, 2022

Norway Oil Workers End Strike as Government Steps In

“Norway plays a vital role in supplying gas to Europe, and the planned escalation [of the strike] would have had serious consequences, for Britain, Germany and other nations,” Labor Minister Marte Mjoes Persen told Reuters.

July 5, 2022

OPEC’s Barkindo Says Oil Sector ‘Under Siege’ Due to Underivestment

“We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market,” OPEC Secretary-general Mohammad Barkindo told an energy conference.

July 5, 2022

Wall Street Boosts Exxon Mobil Forecasts as Refining Margins Soar

The largest refiner among the oil majors, Exxon Mobil will be a key beneficiary of a tight refined products market, analysts said.

July 5, 2022

Ring Energy to Acquire Stronghold for up to $465 Million

Following the closing of the transaction, the owners of Stronghold II Operating, founded in 2017 by father and son duo Steve and Caleb Weatherl, will become Ring Energy’s largest stockholder.

July 5, 2022