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CN Energy Group has entered direct North American crude production through an Alberta Cold Lake oil well investment, expanding beyond its traditional businesses as it builds a broader platform spanning oil production, transportation, trading and supply-chain services. Representative image.

CN Energy (NASDAQ: CNEY) enters Canadian oil production with Cold Lake project

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Continental Resources is expanding its Permian Basin footprint through the acquisition of FireBird Energy II, adding about 54,000 net Midland Basin acres and 32,000 barrels of oil equivalent per day of production, including a 69% oil mix. Representative image.

Continental Resources to buy FireBird as Permian footprint grows more than 40%

Mitsubishi Electric Corporation’s $1.4 billion acquisition of PCI Energy Solutions expands its push into power-market software as utilities manage increasingly complex grids shaped by renewables, battery storage and rising electricity demand. Representative image.

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

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Energy Industry News

Eni strikes significant oil discovery in Sureste Basin, offshore Mexico

Eni has made a significant new oil and gas discovery at the Yopaat-1 EXP exploration well in Block…

byPallavi Madhiraju

July 9, 2024

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