Auto Added by WPeMatico
By David Wethe ConocoPhillips raised its total spending plans for the Willow oil and natural gas project in Alaska to as much as $9 billion, citing inflation and other rising costs. The Houston oil giant, which initially estimated that its spending on the North Slope project was in the range of $7 billion to $7.5 …
ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation Read More »
(Reuters) – Oil major BP won its $1 billion-plus arbitration case against liquefied natural gas producer Venture Global with an argument of unfair behaviour by the U.S. company, said five sources close to the matter, shedding light on strategy that could be used by claimants in parallel cases. BP won its case in October, two …
How BP Won its $1 Billion-Plus Case Against Venture Global Read More »
Summary Shell maintains $3.5 billion buyback pace, TotalEnergies scales back Shell’s gas and upstream divisions exceed expectations TotalEnergies’ downstream results rise 76% amid EU fuel import ban (Reuters) – Shell and TotalEnergies posted quarterly profit falls of 10% and 2%, respectively, on Thursday, dragged down by lower oil prices, though Shell beat expectations helped by better …
Shell Profit above, TotalEnergies in Line with Expectations Amid Lower Prices Read More »
(Reuters) – U.S. natural gas producer Expand Energy reported a profit for the third quarter on Tuesday, compared with a year-ago loss, driven by increased output and stronger commodity prices. Average U.S. natural gas prices during the quarter jumped more than 26% over the year earlier, driven by strong liquefied natural gas exports and growing …
Natgas Producer Expand Energy Posts Quarterly Profit on Higher Output Read More »
(Reuters) – U.S.-based energy company EQT Corp said on Wednesday it expects to maintain natural gas production in 2026 at levels consistent with its 2025 exit rate, following lower sales volumes forecast for the current quarter. Shares of the Pennsylvania-based company were down 3.8% at midday. The company expects total sales volume of 550 to …
EQT Expects 2026 Natgas Production to Remain in Line With 2025 Exit Rate Read More »
(Reuters) – Chevron on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company’s track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, succeeding veteran executive Liz Schwarze, who will retire in February after 36 years …
Chevron Shakes Up Exploration With New Hire From TotalEnergies Read More »
Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery …
Chevron Expects up to $400 Million Quarterly Impact from Hess Deal Read More »
(Reuters) – U.S energy firm Chord Energy said on Monday it would buy assets in the Williston Basin from Exxon Mobil’s unit XTO Energy for $550 million. The Williston Basin is located in parts of North Dakota, Montana and Canada, and is a major U.S. shale oil and gas region centered by the Bakken formation. The …
Chord Energy to Buy Assets in Williston Basin for $550 Million Read More »
(Reuters) – Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources and reaffirmed support for sale to Cenovus Energy. “The revised Strathcona offer remains fundamentally unattractive,” said James McFarland, chair of MEG’s board, citing exposure to inferior assets, an overvalued Strathcona share price …
MEG Energy Urges Investors to Reject Strathcona’s Sweetened Bid, Backs Cenovus Deal Read More »
(Reuters) – Cenovus Energy does not plan to increase its takeover offer for oil sands producer MEG Energy, despite a higher bid from Strathcona Resources, CEO Jon McKenzie told Bloomberg News in an interview on Wednesday. Reporting by Sumit Saha in Bengaluru; Editing by Krishna Chandra Eluri
