Author: Chris Mathews

The shutdown of Freeport LNG has dampened the nation’s total LNG export capacity by about 17%, according to the EIA.

Murphy plans to spend between $875 million and $1.025 billion during 2023, the company said in Q4 earnings Jan. 26.

The value of upstream mergers and acquisitions activity in the U.S. totaled $58 billion across 160 deals in 2022. Here are the biggest deals from Q4.

The deal includes certain oil and gas producing properties in the Delaware Basin portion of the Permian Basin and undeveloped acreage in Ward County, Texas, and Lea County, New Mexico, complementing Matador’s existing footprint in the region.

Schlumberger, Halliburton and Baker Hughes see opportunity in the Middle East and Latin America in particular.

“These actions demonstrate Halliburton’s confidence in our business, customers, employees and industry outlook,” CEO Jeff Miller said in Halliburton’s fourth-quarter earnings call on Jan. 24.

Simonelli also said Baker Hughes aims to return a significant portion of its 2023 free cash flow to shareholders through share buybacks and dividends.

Schlumberger CEO Olivier Le Peuch sees oil and gas activity accelerating in the Middle East and Latin America while slowing down in North America in 2023.

The fourth quarter “affirmed a distinctive new phase” in the energy sector up-cycle for the global oil field services giant, CEO Olivier Le Peuch said in SLB’s Q4 earnings statement Jan. 20.

The project is supported by a long-term power purchase agreement between Fengate Asset Management and Meta Platforms (Nasdaq: META), the parent company of Facebook, Instagram, WhatsApp and other tech platforms. Meta has agreed to purchase 100% of the w…