Shares of North Dakota oil producers Oasis Petroleum, Continental Resources and Enerplus were trading higher after the U.S. Army Corps of Engineers said it would allow the Dakota Access pipeline to run.
Chevron has set emissions targets for this decade and laid out plans to keep project spending low but increase oil and gas output.
Rice Acquisition Corp. agreed to a business combination worth over $1 billion with Aria Energy and Archaea Energy, both of which are leaders in the U.S. landfill gas and renewable natural gas sectors.
Goodrich Petroleum COO shares insight on its operations in the gassy Haynesville Shale as forecasts show natural gas prices and LNG exports rising.
The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.
Canadian Natural Resources and Cenovus Energy, two of Canada’s biggest oil producers, plan to set new goals to reduce greenhouse gas emissions but will not pivot entirely away from their core businesses.
Shares in BP, which had previously expected to reach the net debt target in around fourth-quarter 2021 or first-quarter 2022, rose as much as 3% in early trade on news it would reach the target sooner.
There has been a lot of capital thrown at clean energy development in recent years, but it is fossil fuel equities that are on the rise.
DoublePoint Energy will add 97,000 acres to Pioneer’s holdings in the Permian Basin and analysts at Cowen & Co. praised the deal, saying it “undoubtedly fits like a glove within PXD’s Midland Basin acreage.”