News
Big Oil’s message to Permian strugglers: We won’t bail you out
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon. Years of costly exploration and frantic buying sprees have gutted shareholder returns in the world’s largest shale basin. And...
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Total takes over Toshiba contracts with Freeport LNG in $800M deal
Toshiba will pay the French energy major Total about $800 million to take over its contractual agreements to buy liquefied natural gas for 20 years from Houston’s Freeport LNG. Source: FuelFix
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Goldman-backed ReNew Power plans asset sale as IPO shelved
India’s largest green energy company, ReNew Power Ltd., is considering raising funds through asset sales, after shelving plans for an initial public offering. Backed by Goldman Sachs Group Inc., the company has renewable assets of...
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Drilling rig count takes small tick up
The slow decline in drilling activity took a brief respite this week as the nation’s number of active rigs increased by one. Source: FuelFix
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Cameron LNG sends out first export shipment
A Singapore-flagged tanker named the Marvel Crane left Cameron LNG early Friday morning carrying the Louisiana facility’s first export shipment of liquefied natural gas. Source: FuelFix
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