mark

Union Agrees to US Refineries Contract, Averting Nationwide Strike

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 …

Union Agrees to US Refineries Contract, Averting Nationwide Strike Read More »

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

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. …

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

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

(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 …

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

Oil Servicers Look to Middle East for Growth on Shale Slowdown

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 …

Oil Servicers Look to Middle East for Growth on Shale Slowdown Read More »

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

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 …

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

ConocoPhillips Wants Venezuelan Payback Before Drilling for Oil

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 …

ConocoPhillips Wants Venezuelan Payback Before Drilling for Oil Read More »

US Energy Secretary to Visit Venezuela to See Leaders “Before Long”

WASHINGTON, Feb 6 (Reuters) – U.S. Energy Secretary Chris Wright said on Friday he will before long visit Venezuela to meet with “all the leadership” and to get a better understanding of on-the-ground oil and gas production operations there. Wright did not say when the trip will take place. The Trump administration has said it …

US Energy Secretary to Visit Venezuela to See Leaders “Before Long” Read More »

Mexico Seeking Way to Send Fuel to Cuba Without Being Hit by US Tariffs, Sources Say

(Reuters) – Mexican officials are evaluating how to send fuel to Cuba to help meet basic needs such as electricity and transportation without triggering reprisals from Washington, which has threatened tariffs against countries supplying fuel to the Caribbean island, four sources familiar with the matter said. The sources said high-level Mexican officials have been talking …

Mexico Seeking Way to Send Fuel to Cuba Without Being Hit by US Tariffs, Sources Say Read More »

Union Asks Workers at BP’s Whiting, Indiana, Oil Refinery to Prepare For Strike or Lockout

(Reuters) – United Steelworkers is asking workers at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, to prepare for a strike or lockout, the union said on Thursday after weeks of negotiations with the British oil major that did not yield results. The comments come after 98% of members at the refinery voted to authorize a strike. …

Union Asks Workers at BP’s Whiting, Indiana, Oil Refinery to Prepare For Strike or Lockout Read More »