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Expand Energy Announces CEO Departure, Plans Headquarters Move to Houston

Conventional Energy, Latest, Oil, US News / By

Natural gas producer Expand Energy on Monday announced the departure of CEO Domenic Dell’Osso and also said it plans to relocate its corporate headquarters to Houston from Oklahoma City.The company said Chairman Michael Wichterich would take charge as interim chief. Dell’Osso will serve as an external advisor for a period of time. The company added …

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Canada’s Banks Enter the Conversation as US Regionals Look for Deals

Energy Topics & Technology, Finance, Latest / By

By Christine Dobby Cross-Border Shopping Anyone who follows the US banking industry can tell you a wave of mergers is likely on the way because regulators under the Trump administration have signaled a friendlier stance on consolidation. There are close to 4,400 banks in the US (yes, Canadians, you read that right) and many of the mid-size …

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US Oil Production, Demand Fell to Multi-Month Lows in November, EIA Data Shows

Conventional Energy, Latest, Oil, Shale, US News / By

U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday. Crude oil output fell to 13.78 million bpd in November, down about 82,000 from October’s record high 13.86 million bpd, the EIA data showed. That is …

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Trump Rescinds Punitive Tariff on India Over Purchases of Russian Oil

EnergyNow News and Press Releases, Latest, US News / By

(Reuters) – President Donald Trump signed an executive order on Friday rescinding a punitive 25% duty on all imports from India over its purchases of Russian oil, the White House said. Trump on Monday announced a trade deal with India that slashed U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian …

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Union Agrees to US Refineries Contract, Averting Nationwide Strike

EnergyNow News and Press Releases, Latest, US News / By

Summary Four-year deal includes 15% pay raise, $2,500 signing bonus USW sought 16% raise, Marathon firm on final offer Contract replaces current one, which was extended before February 1 expiration Union tells BP Indiana refinery employees to prep for strike, lockout (Reuters) – The U.S. United Steelworkers union adopted on Friday a national agreement on …

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Tesla Executives Say Company is Hiring to Support Musk’s Expanded Solar Strategy

Latest, Renewable Energy, Solar, US News / By

Summary Tesla hiring to pursue Musk plan for 100 GW of US solar manufacturing Goal far exceeds current US solar manufacturing capacity Job post says plan is to meet solar manufacturing goal by end of 2028 Feb 6 (Reuters) – Tesla  is hiring to support founder Elon Musk’s recently announced plan to become the biggest U.S. …

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Williams Weighs Buying Gas-Producing Assets to Enhance AI Energy Supply to Hyperscalers, Sources Say

Artificial Inteligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

(Reuters) – Williams Companies is exploring buying natural gas production in the United States, a rare foray for an energy infrastructure operator, as it aims to secure natural gas supplies to support its one-stop-shop offering to hyperscalers and data center clients, three people familiar with the matter said. The Tulsa, Oklahoma-based firm has spent the …

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Oil Servicers Look to Middle East for Growth on Shale Slowdown

Conventional Energy, Latest, Oil, US News / By

By Emma Sanchez The world’s largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in US shale. That’s one of the big takeaways from comments this week made by executives at Helmerich & Payne Inc. and Patterson-UTI Energy Inc., who pointed to opportunities in countries such as Saudi Arabia to help …

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Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By Kevin Crowley and Veena Ali-Khan Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world’s riskiest geopolitical hotspots, as President Donald Trump’s assertive foreign policy helps them strike deals. Venezuela, home to the world’s largest reserves, is the most high-profile opening …

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ConocoPhillips Wants Venezuelan Payback Before Drilling for Oil

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By David Wethe ConocoPhillips Chief Executive Officer Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new wells. Despite roughly $10 billion in favorable judgments from international arbitrators holding Venezuela liable for the seizures, the Houston oil giant’s efforts to …

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