XOM/OPEC: Oil Supply Crisis Brewing

Exxon Joins OPEC in Warning of Looming Oil Supply Crisis; US private equity firm (TCG) plans $10B JV with Indian state giantl; Permian Producers Struggle With Negative Gas Prices; GOM O&G leasing in jeapordy after court orders better protection for Rice’s whales.

Author

Rob Quigley
August 29, 2024

Happy Friday Junior! TCG (US PE Firm) is eyeing a $10B JV with an Indian state giant. Exxon joins OPEC in warning of a looming oil supply crunch, while Permian producers conitinue to feel the pain of negative gas prices. Plus, Gulf of Mexico leasing is potentially in jeopardy after a new court order to protect the endagered Rice’s whales. Let's drill down.

Daily Headlines

  • Exxon Joins OPEC in Warning of Looming Oil Supply Crisis.(OilPrice)

  • Permian Producers Struggle With Negative Gas Prices.(OilPrice)

  • GOM O&G leasing in jeapordy after court orders better protection for Rice’s whales.(OGJ)

  • Energy firms plan new pipelines for data centers.(Phoenix Business Journal $$$)

  • Half of energy firms to integrate AI into operations.(World Oil)

  • Dallas man pleads guilty to defrauding investors out of $27M-plus in oil, gas and water rights scams.(Wfaa.com)

Deal Flow

M&A/Investment

Debt

  • TC Energy’s South Bow spinoff clears $5.8B debt hurdle.(Hart Energy)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

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