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(Reuters) – Chevron is continuing to look at new opportunities in the Middle East and may have more exposure to the region in the future, Chief Executive Officer Mike Wirth said on Friday. Terms of investing in the region are better than they’ve historically been, Wirth said, adding that the Middle East currently accounts for …
Chevron Continues to Look at New Opportunities in Middle East, CEO Says Read More »
June 9 (Reuters) – Devon Energy (DVN.N) on Tuesday said it expects production to average 1.38 million barrels of oil equivalent per day in 2026, including oil output of 500,000 barrels per day, following the completion of its merger with Coterra Energy. The U.S. oil and gas producer forecast full-year 2026 capital spending of about …
Devon Energy provides Full-Year Forecast After Merger With Coterra Energy Read More »
By Nichola Groom Trump’s Alaska drilling rights auction attracted only two bidders Winning bids totaled $3.7 million Only five tracts auctioned out of 58 offered June 5 (Reuters) – The Trump administration’s Friday auction of oil and gas leases in Alaska’s Arctic National Wildlife Refuge attracted only $3.7 million in winning bids for five tracts …
Auction of Oil Drilling Rights in Alaska Wildlife Refuge Draws Tepid Response Read More »
(Reuters) – Chevron has applied to join Argentina’s incentive regime for large investments for a $13.8 billion unconventional oil project in the El Trapial area of Vaca Muerta, the U.S. oil major said on Tuesday, in what would rank among the biggest new bets on the country’s shale patch. The filing, which still requires government …
Chevron Applies for Argentina Tax Break Program With $13.8 Billion Investment Plan Read More »
BAKU, June 2 (Reuters) – A U.S. delegation and Azerbaijan signed commercial agreements worth more than $8 billion, and Washington plans to invest in the country’s energy sector, U.S. Assistant Secretary of State Caleb Orr said on Tuesday. Orr, on a visit to Baku, said the United States was seeking a larger role in Azerbaijan’s …
US Plans Energy Investments in Azerbaijan, Says $8 Billion in Deals Signed Read More »
(Reuters) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford will pay the equivalent of 0.463 of its shares for each NCS share, with roughly 20% of the consideration in cash. Based on Reuters calculations, …
Weatherford to Acquire Oilfield Tech Firm NCS Multistage Read More »
(Reuters) – U.S. crude production was largely steady in March at 13.7 million barrels per day, according to the Energy Information Administration on Friday. Crude production in Texas fell to 5.78 million bpd, marking a four-month low, while output in neighboring New Mexico was steady on the month at 2.31 million bpd. Texas and New …
US Crude Production Largely Steady on the Month in March, EIA Says Read More »
BP ousted Manifold on Tuesday, citing serious concerns related to ‘governance standards, oversight and conduct’ By Mitchell Ferman and Ruth David Former BP PLC Chairman Albert Manifold said nobody raised the issue of his conduct during his time at the oil major, hitting back at what he said were lies “told about me.” BP ousted …
Fired BP Chair Hits Back at ‘Lies’ Told About His Conduct Read More »
(Reuters) – Exxon Mobil shareholders on Wednesday approved the company’s plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms advised investors to strike down the proposal. The oil producer is incorporated in New Jersey, but the company has been headquartered in Texas since 1989. …
Exxon Wins Shareholder Backing for Legal Move to Texas Read More »
By Sheila Dang HOUSTON, May 27 (Reuters) – Chevron (CVX.N) shareholders rejected a proposal that would have required an independent board chair separate from the CEO role, according to preliminary voting results at the annual meeting on Wednesday. Chevron opposed the proposal brought by the National Legal and Policy Center, saying it should have the …
Chevron Shareholders Reject Proposal for Independent Board Chair Read More »
