Conventional Energy

Auto Added by WPeMatico

Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2

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

Summary   Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON, May 2 (Reuters) – Chevron  on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in …

Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2 Read More »

Venture Global Raises $3 Billion Towards Building CP2 Louisiana LNG Plant

Conventional Energy, Latest, LNG, US News / By

Venture Global has raised $3 billion in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said on Thursday. Venture Global is the U.S.’ second-largest LNG exporter and has played a key role in making the country …

Venture Global Raises $3 Billion Towards Building CP2 Louisiana LNG Plant Read More »

Trump Says Buying Iranian Oil Must Stop, Threatens Secondary Sanctions on Purchasers

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions. “They will not be allowed to do business with the United States of America in any way, shape, or form,” he …

Trump Says Buying Iranian Oil Must Stop, Threatens Secondary Sanctions on Purchasers Read More »

TC Energy’s Quarterly Profit Misses on Power Segment Weakness

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

Summary Power segment profit falls 30% on repairs at Bruce Power nuclear reactor TC Energy announces new gas and nuclear projects worth C$2.4 billion Company’s US-listed shares drop 4% May 1 (Reuters) – Canadian pipeline operator TC Energy on Thursday missed analysts’ estimates for first-quarter profit on weakness in its power and energy solutions business, while …

TC Energy’s Quarterly Profit Misses on Power Segment Weakness Read More »

Oil Drops on US Economic Contraction, Possible OPEC+ Supply Rise

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Saudi willing to sustain lower prices for longer: sources US economy contracts in first quarter US crude stockpiles fell by 2.7 million barrels last week LONDON, May 1 (Reuters) – Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could …

Oil Drops on US Economic Contraction, Possible OPEC+ Supply Rise Read More »

Expand Energy on Track to Increase US Natgas Output to Meet Growing Demand

Conventional Energy, Latest, LNG, US News / By

(Reuters) – U.S. energy company Expand Energy, the country’s biggest natural gas producer, said on Wednesday it was on track to produce more gas in 2025 and 2026 to meet growing demand for the fuel. Expand executives told analysts on its first quarter earnings call it expected to run about 12 rigs and invest about …

Expand Energy on Track to Increase US Natgas Output to Meet Growing Demand Read More »

BP’s 440,000-bpd Refinery in Whiting, Indiana, Shut Reformer Unit Last Weekend, Sources Say

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

(Reuters) – BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The company did not immediately respond to Reuters’ requests for comment. The Whiting refinery, the largest in the U.S. Midwest, produces a wide range of liquid fuels, including gasoline, diesel and jet fuel. Reporting by Nicole Jao …

BP’s 440,000-bpd Refinery in Whiting, Indiana, Shut Reformer Unit Last Weekend, Sources Say Read More »

TotalEnergies CEO Seeks to Reassure Investors After Smaller Profit, Higher Debt

CDN and International News, Conventional Energy, Latest, LNG / By

By America Hernandez First quarter adjusted net profit drops 18% versus a year ago All business segments down except LNG Net debt rises to $20.1 billion, up 42% vs a year ago Free cash flow not enough to cover buybacks, dividends (Reuters PARIS, April 30) – Europe’s willingness to buy more liquefied natural gas (LNG) …

TotalEnergies CEO Seeks to Reassure Investors After Smaller Profit, Higher Debt Read More »

Saudi Arabia Signals it Can Live With Lower Oil Prices, Sources Say

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said. This possible shift in Saudi policy could suggest a move toward …

Saudi Arabia Signals it Can Live With Lower Oil Prices, Sources Say Read More »

Subscribe
Subscribe