NEWS OF THE DAY: Oil Search, Santos to Merge Into $16 Billion LNG PowerhouseJames Thornhill, Bloomberg, August 1, 2021 Australia’s second- and third-biggest oil and gas companies are set to merge to become one of the largest in the region and in the top 20 globally. Oil Search Ltd. on Monday said it agreed to an improved all-share offer from Santos Ltd. that … read more

Alaska-Made Natural Gas And Oil Drives U.S. Economic Recovery, Strengthens All IndustriesAmerican Petroleum Institute, July 20, 2021 ANCHORAGE, AK, July 20, 2021—The American Petroleum Institute (API) today released a new analysis of the natural gas and oil industry’s vast economic impact on Alaska’s economy and highlighted its importance to the state’s post-pandemic recovery. The study, conducted by PricewaterhouseCoopers (PwC) and commissioned by … read more

NEWS OF THE DAY: U.S. economy grew at a 6.5% rate last quarter, missing expectationsCourtney Brown, Axios, July 29, 2021 The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected. Why it matters: It came as the economy made strides toward further reopening, vaccinations rolled out and government … read more