November 25, 2024 Edition
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
- Trump Prepares Wide-Ranging Energy Plan to Boost Gas Exports, Oil Drilling
- Summary: Donald Trump’s incoming administration plans to boost U.S. energy production by approving LNG export permits, expediting drilling permits, and increasing offshore oil lease sales, while also repealing key climate policies of the previous administration.
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- U.S. Natgas Producers Target AI-Driven Power Demand Surge
- Summary: S&P Global Ratings estimates that U.S. data center power demand will increase by 12% annually until 2030, potentially boosting natural gas demand as energy needs expand.
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- US Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts
- Summary: U.S. natural gas production is expected to decline in 2024 for the first time since 2020, with a rebound anticipated in 2025 as rising LNG exports drive a significant increase in gas prices.
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- Global Oil, Gas Contract Activity Sees Decrease
- Summary: Global oil and gas contract activity declined 35 percent quarter-on-quarter to $35.7 billion in Q3, though volumes remained stable, supported by major projects in the Middle East.
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- US Drillers Cut Oil and Gas Rigs for Second Week in a Row
- Summary: U.S. oil rigs fell week-over-week and saw a year-over-year decrease of 39 rigs, or 6%, as the industry focused on reducing costs and prioritizing financial stability over output expansion.
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- ConocoPhillips completes acquisition of Marathon Oil Corporation
- Summary: ConocoPhillips has completed its acquisition of Marathon Oil, enhancing its portfolio with high-quality, low-cost inventory and expecting to deliver over $1 billion in synergies within the next 12 months.
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The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
