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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

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

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

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

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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Exxon Signals Fall in Fourth-Quarter Upstream Profit

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

(Reuters) – U.S. oil major Exxon Mobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about $800 million to $1.2 billion. Oil prices declined 9.2% during the three months ended December 31, as concerns about oversupply and tariffs outweighed geopolitical risks. Brent crude futures shed about 19% in …

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North Dakota Rig Count, Frac Crew Count Falls, State Regulator Says

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

HOUSTON, Dec 19 (Reuters) – The number of active rigs and hydraulic fracturing crews has fallen in North Dakota, according to the state’s Department of Mineral Resources on Friday. North Dakota currently has 27 active rigs, down from 28 in November, while seven hydraulic fracturing crews are operating in the state, down from 10 last …

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Shock Departure Leaves Woodside Without Its Key Gas Champion

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas / By

By Keira Wright, Ruth Liao, and Stephen Stapczynski Meg O’Neill | Photographer: Nicky Loh/Bloomberg The surprise exit of Woodside Energy Group Ltd. Chief Executive Officer Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural gas projects when forecasts point to a …

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