The wave of M&A activity in South Texas appears to have yet to arrive. Over the past two months, Chesapeake Energy announced two deals totaling $2.825 billion that will nearly complete its planned exit from the Eagle Ford, and signal the arrival of UK-based INEOS in the basin and a more than doubling of WildFire Energy’s production there. Just as important, Western Canada’s Baytex Energy unveiled a $2.5 billion plan a few days ago to acquire Ranger Oil, an Eagle Ford E&P pure play, to triple its production in South Texas and gain its first operating capacity in the US…
Author: Automotivedealernews.com
DENVER (KDVR) – Time is up for Colorado drivers who are on the road without the proper car registrations. A new law, the Colorado Registration Fairness Act, was passed in 2022 and went into effect on January 1. Drivers who are new to Colorado have 90 days to register. All drivers, including those with temporary tags, must renew their registration by the specified date or pay taxes and fees. George Hersman is excited to live in Colorado after moving from California. He said he was unaware of the new law, but will make sure to register his car before the…
In an exciting and exclusive day of presentations, Caterpillar announced on Sunday, March 12, the launch of new small wheel loaders, an engine, mobile apps, attachments, rotary cutters and a three-dimensional screed, ahead of CONEXPO 2023. Global Operator Challenge Finals The nine finalists who will compete for the first prize a The caterpillar The Global Operator Challenge finalists on Tuesday, March 14 spoke about what the competition meant to them, highlighting their love of the construction industry and their careers as operators. Like the regional competitions, the Global Operator Challenge finals will include three challenges that require operators to successfully…
The US Energy Information Administration (EIA) expects global liquid fuel production to exceed demand in 2023 and 2024, according to its latest Short-Term Energy Outlook (STEO). In the STEO, which was released this week, the EIA forecasts total global production to reach 101.47 million barrels per day this year and 103.02 million barrels per day next year. The STEO forecasts total global consumption to reach 100.90 million barrels per day in 2023 and 102.69 million barrels per day in 2024. Broken down quarterly, the latest STEO forecasts total global production to reach 100.73 million barrels per day in the first…
Greg Adams shares insights into the future of Aston Martin as a luxury brand, including a portfolio of new vehicles. March 12, 2023 at 19:36 ET Greg Adams is no stranger to premium sports cars. With a 32-year career that includes stops at Ferrari, Fisker and Maserati, he understands the importance of defining the vision of a premium brand. Now Aston Martin’s regional president for Japan and South Korea, he spoke to CarExpert about this Aston Martin vision. According to Adams, when Lawrence Stoll’s investment group bought Aston Martin, he brought in many people who had helped establish Ferrari as…
Mercedes-Benz cars are an extremely reliable asset in the luxury automotive world. In fact, the longest running Benz was a 1976 Mercedes-Benz 240D that exceeded 2,850,000 miles! Mercedes-Benz is one of the most valuable car companies on the planet, thanks to its incredibly enduring history. Today, Mercedes-Benz’s most reliable car is the CLA-Class which costs owners an average of $10,486 in maintenance over ten years of ownership, a stark contrast to the G-Class which cost an average of $16,561 over the same period Today the brand costs owners an average of $15,986 to maintain over ten years; that makes the…
OAK PARK (WWJ) – A Michigan State Police trooper has been released from the hospital after his patrol car was hit on I-696 Sunday morning. MSP officials say the trooper was investigating an earlier crash that was blocking part of westbound I-696 near Greenfield around 11 a.m. As the trooper investigated the crash on the freeway ramp, the driver of one car was “driving too fast for the conditions and did not move,” according to MSP. The at-fault driver lost control and rear-ended another vehicle, which was pushed into the back of the patrol car and then continued and struck…
ExxonMobil has introduced Mobil 1™ Triple Action Power+ Synthetic Motor Oil, specially formulated to help car owners unlock the power of their vehicles by providing exceptional engine performance, protection and cleanliness, with the added benefit of fuel economy”We put our Mobil 1 motor oils to the test in the lab, on the road and on the tracks, replicating some of the toughest, most extreme, real-life conditions around the world,” said Vipin Rana, CEO of ExxonMobil. . Lubricants Pvt Ltd “Formula One is a proving ground for Mobil 1 motor oils, which help reduce friction and wear on all moving parts…
Wintershall Dea has partnered with Fluxys to explore the option of developing a CO2 pipeline network between Germany and Belgium. The plan would allow the delivery of CO2 from industrial clusters in southern Germany to offshore CCS storage locations in the North Sea, via the port of Zeebrugge in Belgium. Wintershall Dea would develop the planned gas pipeline network in Germany with Fluxys doing the same in Belgium. Fluxys, a Belgium-based transmission system operator, is building a CO2 center in Zeebrugge as a collection point for the onward transport of industrial emissions to secure storage sites under the seabed of…
“We’re moving away from traditional large locations to add small, lifestyle formats where people can come in, see a product and get information,” said Dimitris Psillakis, CEO of Mercedes-Benz USA, speaking to Automotive news. “You show products, but it’s not a place where you’re going to kick tires. There’s no after sales.”The redesigned store was conceived as a way to generate leads, and after a year of operation, 70-80 leads are generated monthly. Three to five of those leads end up becoming sales.”We give our name to people who wouldn’t know our dealership is 2 miles away,” said David Ellis,…