As ONEOK Digests Magellan, Sets Stage for More NGL Growth in 2024

ONEOK is continuing the integration of its newly acquired Magellan assets in 2024 as the company keeps an eye out for M&A opportunities and awaits regulatory approvals for certain projects.

Alberta to Ban Renewables Projects on Prime Agricultural Land

Alberta will ban renewable power projects on prime agricultural land and erect buffer zones to ensure wind turbines do not spoil scenic views. 

Despite LNG Permitting Risks, Cheniere Expansions Continue

U.S.-based Cheniere Energy expects the U.S. market, which exported 86 million tonnes per annum (mtpa) of LNG in 2023, will be the first to surpass the 200 mtpa mark—even taking into account a recent pause on approvals related to new U.S. LNG projects.

Matador Bolts On Additional Interest from Advance Energy Partners

Matador Resources carved out additional mineral and royalty interests on the acreage it acquired from Advance Energy Partners for $1.6 billion last year.

Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale

Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”

Continental Resources Makes $1B in M&A Moves—But Where?

Continental Resources added acreage in Oklahoma’s Anadarko Basin, but precisely where else it bought and sold is a little more complicated.

Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project

Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.

APA’s Permian to Pick up Production Slack Amid Overseas Headaches

With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter.

What's Affecting Oil Prices This Week? (Feb. 26, 2024)

Stratas Advisors forecast that global crude production will be essentially unchanged from 2023, which means that demand growth in 2024 will outpace supply growth.

Israel Says Gas Exports to Egypt, Jordan Rose 25% in 2023

Israel said on Feb. 26 that gas supplies to Egypt and Jordan rose by about 25% in 2023.