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SLB Beats Quarterly Profit Estimates on Strong North America Activity

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

(Reuters) – SLB beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America. U.S. crude production was expected to hit a record 13.41 million barrels per day in 2025, according to Energy Information Administration forecast, benefiting oilfield services companies. Quarterly revenue from SLB’s …

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Kimmeridge to Nominate Scott Sheffield to Coterra Energy Board, WSJ Reports

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(Reuters) – Investment firm Kimmeridge plans to nominate former Pioneer Natural Resources CEO Scott Sheffield to Coterra Energy’s board, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Kimmeridge has said Coterra’s board must reassess its leadership structure and appoint an independent, non-executive chair, the report said, adding that it expects …

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APA Curtails Quarterly US Natgas, NGL Production on Weak Prices

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

(Reuters) – Oil and gas firm APA Corp said on Tuesday it curtailed production by about 91 million cubic feet per day of U.S. natural gas and 7,600 barrels per day of U.S. natural gas liquids in the fourth quarter in response to weak prices. It expects fourth-quarter average realized natural gas prices in the …

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US Shale Producers Devon Energy and Coterra Energy in Merger Talks, Sources Say

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

Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, people familiar with the matter said. A possible combination, which would rank among the largest between U.S. energy producers in recent years, comes as U.S. crude prices remain pressured by a …

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Oil Producers Need Guarantees to Work in Venezuela, Trump Ally Hamm Says

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By David Wethe, Annmarie Hordern, and Jonathan Ferro Shale billionaire Harold Hamm said oil companies need guarantees that their assets won’t someday be seized by Venezuela if they help revive the nation’s crude production. “There is a lot of geopolitical risk in Venezuela. Exxon had been there twice and been nationalized, ” Hamm said in …

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Whiting Refinery Workers Begin Contract Negotiations With BP

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Workers at BP’s refinery in Whiting, Indiana are in contract negotiations with the British oil major, which has proposed changes including job cuts at the 440,000-barrel-per-day facility, the United Steelworkers union said on Tuesday. The local USW union represents around 800 workers at Whiting, the largest refinery in the U.S. Midwest. The current three-year collective …

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Trump Pushes ‘Drill Baby Drill’ Agenda to Venezuela, Hurts Producers at Home

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

By Georgina McCartney and Arathy Somasekhar Trump aims for $50 oil, below profitable level for U.S. producers Venezuelan oil redirection to pressure U.S. shale margins U.S. refineries to benefit from Venezuelan oil influx HOUSTON, Jan 9 – U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes …

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How One Oil Company Got a Head Start in Venezuela

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

The Trump administration wants the oil majors to rebuild the nation’s energy industry. Chevron has been on the ground there for decades. By Brian Wall With Venezuela President Nicolás Maduro in a jail cell in New York, Donald Trump moved on to the next stage of his plan for the South American nation. The US …

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New Fortress Seeks to Push Debt Deadline as Restructuring Looms

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

By Reshmi Basu The New Fortress Energy liquefied natural gas terminal near the Port of San Juan in Puerto Nuevo, Puerto Rico. Photographer: Alejandro Granadillo/Bloomberg New Fortress Energy Inc. is asking its creditors for yet more time to hash out a debt restructuring before a forbearance period on some of its borrowings expires, according to …

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Shell Fourth Quarter 2025 Update Note

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

The following is an update to the fourth quarter 2025 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on February 5, 2026. Unless otherwise indicated, …

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