Finance - News
SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.
India's oil demand is expected to rise by 5.8 million barrels per day (MMbbl/d) by 2040, accounting for about 40% of the overall increase in global demand during the period, OPEC's secretary general said on Oct. 16.
Chris Newton has been appointed chairman of Tap Oil, effective immediately, the company said Oct. 15.
Crude oil futures rose on Oct. 15 as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices.
Chapman was the company’s senior vice president for M&A.
China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said on Oct. 9, turning to the Middle East for extra supplies amid the two countries’ trade dispute.
LongPoint II is the second company launched by Denver-based FourPoint Energy LLC to focus exclusively on the acquisition of oil and gas mineral interests.
Sunrise Pipeline set rates for its new crude pipeline extension from Loving County, Texas in the Permian basin to the storage hub of Cushing, Oklahoma, effective Nov. 1, according to a regulatory filing on Oct. 1.
With this closing, the Piedra companies bring their aggregate outstanding commitments to $592 million earmarked for deployment in the Permian Basin.
French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year (mtpy), the company said on Sept. 25.
Cibolo said its inaugural fund will target upstream and midstream companies seeking credit alternatives to finance growth via acquisition or accelerated development capital.
A Carlyle fund and Diamondback will jointly invest $620 million to develop the assets in the San Pedro area of Pecos County, Texas, within the Southern Delaware Basin.