Today: November 08, 2024
Today: November 08, 2024

Oil and Gas

Business|Finance|Stock Markets

EOG Resources set to boost shareholder returns

EOG Resources said on Friday its debt levels in the near term would put the oil and gas producer in a position to allocate more than 100% of free-cash-flow for shareholder

EOG Resources set to boost shareholder returns
Business|US

New Permian oil pipelines unlikely to be built, say top operators

Top executives of two U.S. energy pipeline operators on Thursday ruled out building new crude oil lines to move volumes out of the Permian shale field in West

New Permian oil pipelines unlikely to be built, say top operators
Business|Economy|Finance|Stock Markets|US

ConocoPhillips seeks to keep priority as creditor in Citgo auction

ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the

ConocoPhillips seeks to keep priority as creditor in Citgo auction
Business|Economy|US

Ports restrict navigation, some oil facilities shut as Milton approaches Florida

At least one oil and gas platform in the U.S.

Ports restrict navigation, some oil facilities shut as Milton approaches Florida
Business|Environment|Science|Technology

Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity

At oil and gas giant Shell, Cindy Taff was in charge of drilling wells that are considered unconventional because the oil or natural gas is difficult to access

Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity
Asia|Crime|Europe|News|World

Ten dead in petrol station blast in Russia's Dagestan region

An explosion at a petrol station in Russia's Caspian Sea region of Dagestan killed 10 people on Friday, including two children, the emergencies ministry said.

Ten dead in petrol station blast in Russia's Dagestan region
Business|Economy|Finance|Stock Markets|US

Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say

Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to

Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say
Business|Economy|Finance

Oman state-run oil firm OQ will make initial public offering and potentially seek billions

An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate

Oman state-run oil firm OQ will make initial public offering and potentially seek billions
Business|Economy|Finance

China's Sinochem plans to exit US shale JV with Exxon, sources say

Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards

China's Sinochem plans to exit US shale JV with Exxon, sources say
Business|Finance

ONEOK strengthens Permian presence with midstream deals worth $5.9 billion

Pipeline operator ONEOK said it would buy midstream assets in deals worth $5.9 billion from Global Infrastructure Partners, bolstering its position in the

ONEOK strengthens Permian presence with midstream deals worth $5.9 billion
Celebrity|Environment|Europe|News|Science

Greta Thunberg, activists block parts of Norwegian gas processing plant

Swedish climate activist Greta Thunberg and campaigners from the environmental group Extinction Rebellion blocked a small oil terminal that is part of Norway's gas processing plant

Greta Thunberg, activists block parts of Norwegian gas processing plant
Business|News|Technology|US

Halliburton confirms a cyberattack forced it to take its systems offline

Halliburton confirms a cyberattack forced it to take its systems offline

Halliburton confirms a cyberattack forced it to take its systems offline
News|US

FACT FOCUS: Trump blends falsehoods and exaggerations at rambling NJ press conference

Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week’s Democratic National Convention

FACT FOCUS: Trump blends falsehoods and exaggerations at rambling NJ press conference
Business|Finance|US

Occidental Petroleum beats second-quarter profit estimates on higher production

Occidental Petroleum on Wednesday beat Wall Street estimates for second-quarter profit by 34%, in the first results since it closed the $12 billion

Occidental Petroleum beats second-quarter profit estimates on higher production
Business|Economy|Europe|Finance|News

UK revises up 2022 economic growth to +4.8%

Britain's economy grew more strongly than previously thought in 2022, according to revised official data that gave more weight to the oil and gas sector which was buoyed by high

UK revises up 2022 economic growth to +4.8%
Australia|Business|Environment

No decision yet on Woodside's Browse gas project, Australian state regulator says

Western Australia's environment regulator said on Monday it expects to release its recommendations on Woodside Energy's Browse gas project in 2025, after a newspaper

No decision yet on Woodside's Browse gas project, Australian state regulator says
Business|Finance

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes

HF Sinclair reported a quarterly profit on Thursday that beat analysts' estimates as it processed higher volumes of crude oil and on strength at its lubricants and midstream units, all of

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes
Business|Economy|Finance|Stock Markets

Shell beats forecasts with $6.3 billion second quarter profit

Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still

Shell beats forecasts with $6.3 billion second quarter profit
Business|Economy|Finance|Stock Markets|US

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million

-U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets inTexas and New Mexico to Permian Resources for about $818 million, as it plans to cut down

Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Business|Economy|Finance|US

Valero plans to run refineries at 92% of combined capacity in Q3 2024

U.S. refiner Valero Energy Corp plans to operate its 14 refineries up to 92% of their combined 3.2 million barrel-per-day (bpd) total throughput capacity in the third

Valero plans to run refineries at 92% of combined capacity in Q3 2024
Asia|Business|Finance|Stock Markets

ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say

Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where

ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
Americas|Economy|News|US

Trinidad's court reaffirms recognition of ConocoPhillips' claim against Venezuela

Trinidad and Tobago's High Court reaffirmed on Thursday a decision recognizing U.S. oil producer ConocoPhillips' arbitration claim against Venezuela, which could freeze

Trinidad's court reaffirms recognition of ConocoPhillips' claim against Venezuela
Business|Environment|US

Oil companies try to restore Texas operations after Storm Beryl

Oil and gas companies in Texas restarted some operations on Tuesday after Hurricane Beryl lashed the state with 80-mph (

Oil companies try to restore Texas operations after Storm Beryl
Business|Economy|Environment|US

Alaska sues to challenge new NPR-A oil and gas leasing rules

The state of Alaska on Wednesday said it has filed a lawsuit challenging new federal regulations imposed for oil and gas leasing in the National Petroleum Reserve-Alaska (NPR-A).

Alaska sues to challenge new NPR-A oil and gas leasing rules

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