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Jordan and Egypt have said they won't take in Palestinian refugees from Gaza. AdvertisementAdvertisement"There will be no refugees in Jordan and no refugees in Egypt," said Jordanian King Abdullah II this week, declaring it a "red line" that would not be crossed. It is also the country that hosts the largest number of Palestinian refugees, according to Amnesty International. Not being seen as complicit in Palestinian displacement"Palestinians themselves, of course, are very wary about fleeing to Egypt, because 70% of the population of Gaza are refugees," said Doyle. Many of the Palestinians who live in Jordan, Egypt, and elsewhere in the region first arrived there after being displaced in 1948, or following the Six-Day War in 1967.
Persons: Jordan, , Israel's retaliations, King Abdullah II, Foreign Affairs Sameh Shoukry, Hasan Al Momani, Al Momani, Chris Doyle, Doyle, there's, Lex Takkenberg, Mustafa Bakri, Abdel Fattah el, Sisi, Takkenberg Organizations: East, Service, Hamas, Israel Defense Forces, Egypt's, Foreign Affairs, University of Jordan, West Bank, United Nations, Refugees, Amnesty, Council, Arab, UN, Democracy and, Saudi, Al, Al Arabiya TV, of America News, ISIS Locations: Egypt, Gaza, Israel, Jordan, Gaza City, Rafah, British, United States, Sinai, Al Arabiya, Sisi, Cairo
Saudi Crown Prince Mohammed bin Salman is trying to transform the oil-rich Persian Gulf kingdom. AdvertisementAdvertisementSaudi Crown Prince Mohammed bin Salman is on a mission to transform his country. Billboards show portraits of Saudi Arabian Crown Prince Mohammed bin Salman (R) and his father and Saudi Arabia's King Salman bin Abdulaziz. US President Joe Biden (L) being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman (R) at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. President Joe Biden gives Saudi Crown Prince Mohammed bin Salman a handshake at the G20 summit this September.
Persons: Prince Mohammed bin Salman, he's, , Prince Mohammed didn't, King Salman, Fahda bint Falah, Saud, Saudi Arabian Crown Prince Mohammed bin Salman, Saudi Arabia's King Salman bin Abdulaziz, AAMIR QURESHI, Muhammad bin Nayef, Prince Mohammed, Rash, Chris Doyle, GIUSEPPE CACACE, Doyle, he'd, Jamal Khashoggi, Emmanuel Macron, Joe Biden, Prince Mohammed a, Grant Shapps, Vladimir Putin's, Sanam Vakil, Biden, Evelyn Hockstein, Vakil, Duaa, Pierre Crom, Dhainy, Prince Organizations: Service, Saudi, King Saud University, Saudi Arabian Crown, Guardian, Ritz, Carlton, Council, Arab, CIA, Royal, Anadolu Agency, Bloomberg, Washington, Chatham House, Associated Press, Fox News, European Saudi Organization for Human Rights, MBS, United Nations, Getty Images, Human Rights Locations: Saudi, Saudi Arabia, Yemen, Riyadh, British, Istanbul, Jeddah, Ukraine, Iran, China, Israel, East, North Africa, Delhi, Neom, The Hague, Netherlands, Getty Images Saudi Arabia
June 20 (Reuters) - Civitas Resources (CIVI.N) said on Tuesday it would acquire oil and gas operations in the Permian basin managed by private equity firm NGP Energy Capital Management for $4.7 billion, expanding its operations into the lucrative shale patch. The deal is transformative for Civitas, which until now operated solely in Colorado's Denver-Julesburg (DJ) basin. Under the terms, Civitas has agreed to purchase a portion of Tap Rock Resources' assets and all of Hibernia Energy III's operations. "Simply put, these transactions make Civitas a better company, and we see tremendous opportunity to add value in the Permian that will complement our leading oil position in the DJ basin," Civitas Chief Executive Chris Doyle told analysts. News of the deal, which Reuters was first to report on Monday, sent Civitas' shares 8% lower.
Persons: Civitas, Chris Doyle, Ben Dell, David French, Mrinalika Roy, Shilpi Majumdar, Emelia Organizations: Civitas Resources, NGP Energy Capital Management, Rock Resources, Hibernia Energy, Reuters, Thomson Locations: Colorado's Denver, U.S, Rock, DJ, Texas, New Mexico, Denver, New York, Bengaluru
Civitas Resources shells out $4.7 billion for Permian assets
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +2 min
June 20 (Reuters) - Civitas Resources (CIVI.N) said on Tuesday it would acquire oil and gas operations in the Permian Basin managed by private equity firm NGP Energy Capital Management for $4.7 billion, expanding its operations into the lucrative shale patch. Under the terms of the transactions, Civitas has agreed to purchase a portion of Tap Rock Resources' Delaware Basin assets and all of Hibernia Energy III's Midland Basin assets. Both Tap Rock and Hibernia are portfolio companies of funds managed by NGP. Reuters was the first to report that Civitas was in advanced talks with NGP to buy the Permian Basin-focused assets. Plenty of tier-1 acreage still available, indicating shale oil production will grow through to the end of this decade, HSBC analysts wrote in a June 20 note.
Persons: Civitas, NGP, Chris Doyle, Mrinalika Roy, Shilpi Majumdar Organizations: Civitas Resources, NGP Energy Capital Management, Rock Resources, Hibernia Energy, Midland, NGP, Reuters, Civitas, HSBC, Thomson Locations: Rock, Delaware, Hibernia, Texas, New Mexico, Denver, Bengaluru
SummarySummary Companies U.S. gains stifled by inflation, aging wells, investor demandsWeaker shale oil production growth lies ahead for 2023Dec 30 (Reuters) - The shale oil patch this week closes the door on a disappointing year while bracing for weaker output gains in 2023, hamstrung by rising costs, dwindling reserves and pressures to hold down spending. He predicted 300,000 bpd to 400,000 bpd of increased shale production in 2023. Civitas grew volume about 4% year-over-year, and anticipates similar growth this coming year as it prioritizes free cash flow and balance sheet strength over growth. OLD WELLS PUMP LESSPioneer and other shale producers are experimenting with oil recovery techniques that could eventually squeeze more oil out of older wells. In the near-term, Sheffield warned oilfield inflation, which ran around 10% to 15% this year, will persist and limit production growth.
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