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Whitecap Resources and Vern to Combine in $14 Billion Transaction
March 11, 2025
Whitecap Resources have entered into a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent
Vitesse Energy Closes $220 Million Acquisition of Lucero’s Bakken Pureplay
March 11, 2025
Vitesse Energy have completed the acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders and Lucero received the approval of the Court of King’s Bench of Alberta. “We are pleased to complete the acquisition of
DNO to Acquire Sval Energi for $450 Million
March 11, 2025
DNO ASA, the Norwegian oil and gas operator, has reached agreement to acquire 100 percent of the shares of Sval Energi Group from HitecVision for a cash consideration of $450 million. “This is a rare opportunity to acquire a portfolio
U.S. Drillers Cut Oil and Gas Rigs for First Time in Six Weeks
March 10, 2025
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
Baker Hughes and Woodside Partner to Develop Decarbonization Solution
March 10, 2025
Baker Hughes and Woodside Energy entered into a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform that is specifically designed for oil and gas (including LNG), heavy industries, and other smaller scale
Vaalco Acquires 70% Interest in Offshore Côte D’Ivoire Block, Becomes Operator, Africa
March 10, 2025
Vaalco Energy has farmed into the CI-705 block offshore Côte d’Ivoire. Vaalco will become operator of the block with a 70 percent working interest and a 100 percent paying interest though a commercial carry arrangement and is partnering with Ivory
Secretaries Wright, Burgum Join American Energy Workers Plaquemine LNG Export Facility
March 7, 2025
U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum, both leaders of the National Energy Dominance Council (NEDC), today joined more than a thousand American energy workers at Venture Global’s Plaquemine LNG Export facility to
Xodus Acquires Daymark Energy Advisors to Expand Power Network Capabilities
March 7, 2025
Global energy consultancy Xodus has acquired Daymark Energy Advisors to expand its power networks capabilities across international energy transition projects. The power networks market is set for growth as electrification will require significant upgrades to networks around the world. The
EPA Cancels 21 Additional Grants in 3rd Round of Cuts, Saving Americans More than $116 Million
March 7, 2025
The U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin, with the assistance of the Department of Government Efficiency (DOGE), identified and cancelled another 21 grants amounting to $116,449,761 total immediate taxpayer savings. The third round of EPA cuts in partnership
Evolution Petroleum to Acquire Non-Operated Oil, Natural Gas Assets in New Mexico, Texas, Louisiana
March 6, 2025
Evolution Petroleum has entered into a definitive agreement to acquire non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana. The total purchase price for the scquisition is $9 million, subject to customary closing adjustments. The acquisition is
