Big Oil Is Racing To Pump All The Oil Out Of Texas
The gold rush is on in Texas, and Big Oil is scrambling for a piece of the action. :
The oil industry is shelling out billions of dollars in a series of acquisitions in the Permian Basin, the hottest oilfield in the world. The latest deal came on Tuesday when Diamondback Energy (FANG) agreed to purchase shale producer Energen (EGN) for $9.2 billion, forming one of the largest players in the Permian. Late last month, BP (BP) inked a $10.5 billion deal to buy oil assets in Texas.
Polarx: High Grade Mineralization Extended 850m Along Strike At Zackly
By Scott Tibballs PolarX (ASX:PXX) has announced outstanding first assay results for 2018 from drilling at the Zackly copper-gold deposit within its Alaska Range project. According to the company, the first assays from new drilling point to a future resource increase at Zackly; further assays pending from resource extension holes which contained visible gold and copper. As quoted in the press release: The intersection includes a 0.3m down-hole thickness from 56.7m which assayed 27.3 percent copper, 2.5 grams per tonne (g/t) gold and 82.5g/t silver. This intersection was close to the bottom of the overall mineralized zone in this hole.
Rio Tinto Closer To Selling $6bn Stake In Iron Ore Of Canada
By Cecilia Jamasmie Rio Tinto (LON, ASX, NYSE:RIO), the world's second-biggest producer of iron ore, is closer than ever to selling its $6 billion-stake in Iron Ore Company of Canada (IOC), as it hired investment bank Credit Suisse. Likely bidders include ArcelorMittal and Teck Resources. The miner, which owns 58.7% of the Canadian producer, is said to have been already approached by ArcelorMittal and Teck Resources, Canada's largest diversified miner, Sky News reported. The alleged sale comes a time when iron ore prices have rebounded -- now trading around $68 per tonne.
Shale Markets, Llc / Russia: Go-ahead For Nord Stream 2 Pipeline Construction
By _Offshore_Energy_Today_ Nord Stream 2 AG has received all necessary permits for the construction of the Nord Stream 2 pipeline in Russia. ... Read Full Article Here For more great articles: Offshore Energy Today.
Illegal Oil And Gas Investments Netted Sellers Millions In Commissions, Sec Says
Three men - one of whom received more than $7 million in commissions -- have been charged by the Securities and Exchange Commission with illegally selling shares in oil and gas companies in Texas. The SEC on Monday filed civil injunctive actions against the three for a scheme that involved selling what they called "joint venture units" in oil and gas developments by Aegis Oil LLC and 7S Oil & Gas LLC.
Investing In Transformative Technology
Q&A with Manuel Anguita (pictured), co-founder of top-performing blockchain- and crypto-focused hedge fund Silver 8...: Q&A with Manuel Anguita (pictured), co-founder of top-performing blockchain- and crypto-focused hedge fund Silver 8... Much of the credit must go to my business partner and Silver 8's other co-founder, Jose Suarez, who is responsible for the vision. Jose has been a serial entrepreneur and tech investor for the best part of 25 years, experiencing first-hand the development of the internet. I have a very different background as I'm a financial markets professional, mainly in the hedge fund arena.
Ntpc To Set Up A Subsidiary For Coal Mining Soon | Business Standard News
State-run power giant NTPC will soon set up a subsidiary to handle its coal mining operations and also plans to enter commercial coal mining after meeting its requirement, an official said. The power sector behemoth also has a plan to list the coal subsidiary subsequently on stock exchanges. "The NTPC will set a coal subsidiary. It would cover operations of its all coal mines and will be run like a coal company. It will have a culture of coal mining.
Devon Energy Sells Delaware Basin Acreage To Carrizo Oil And Gas - Compelo Energy
The sale includes about 10,600 gross (9,600 net) acres located in the Delaware Basin in Reeves and Ward counties. The assets have a net production capacity of nearly The post Devon Energy sells Delaware Basin acreage to Carrizo Oil and Gas appeared first on Compelo Energy.
Soros, Druckenmiller Throw Weight Behind Oil Rally
George Soros's hedge fund bought energy stocks including Chevron Corp.: New York: The recovery in the oil industry is attracting some of the most recognized billionaires in money management. Stanley Druckenmiller's Duquesne Family Office bought 1.68 million shares in VanEck Vectors Oil Services ETF in the second quarter, the third-biggest addition to its portfolio in the period, a regulatory filing showed Tuesday. It also added the Energy Select Sector SPDR Fund. George Soros's hedge fund bought energy stocks including Chevron Corp.
Billionaires Throw Weight Behind Oil Rally
The recovery in the oil industry is attracting some of the most recognized billionaires in money management. : (Bloomberg) -- The recovery in the oil industry is attracting some of the most recognized billionaires in money management. Stanley Druckenmiller's Duquesne Family Office bought 1.68 million shares in VanEck Vectors Oil Services ETF in the second quarter, the third-biggest addition to its portfolio in the period, a regulatory filing showed Tuesday. It also added the Energy Select Sector SPDR Fund. George Soros's hedge fund bought energy stocks including Chevron Corp.