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(Reuters) – US crude oil output rose in August, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Friday. US crude oil production rose 19,000 barrels per day in August to 13.965 million bpd, compared with the EIA’s revised July figure …
US Crude Output Rose in August While Petroleum Demand Declined, EIA Says Read More »
By Kevin Crowley Chevron Corp. expects to power up a Microsoft Corp. data center project in West Texas on schedule despite Governor Greg Abbott’s suspension of digital infrastructure permits. The energy company is working on permitting, engineering work and financing, Chevron Chief Financial Officer Eimear Bonner said during an interview. “And we don’t see any …
Chevron Keeps Microsoft Data Center Timeline Despite Texas Pause Read More »
A wave of consolidation is creating bigger producers better equipped to secure long-term deals with LNG exporters and power-hungry data centers. By Julian Hast The US natural gas industry is evolving fast. At the start of 2024, the top 10 producers included Chesapeake Energy Corp., Southwestern Energy Co., Coterra Energy Inc. and Range Resources Corp. …
US Natural Gas Drillers Scale Up as Demand Grows Read More »
By Dimitri Rhodes Oct 29 (Reuters) – French oil major TotalEnergies (TTEF.PA) could pay an extra dividend early next year if its annual cash flow comes in at $43 billion, higher than expected, the company’s chief executive Patrick Pouyanne told analysts on Thursday. Speaking after reporting better-than-expected third-quarter profits, Pouyanne said 2026 cash flow could …
TotalEnergies May Consider Extra Dividend on Higher Cashflow, Says CEO Read More »
LONDON, Oct 29 (Reuters) – Shell (SHEL.L) said on Thursday that soaring freight rates have added $5.4 billion to its shipping lease costs in the third quarter compared with the previous three months, feeding its net debt, while TotalEnergies (TTEF.PA) sees them cut into the prices it gets for its liquid fuels. Spot rates for …
Soaring Freight Rates Add $5.4 Billion to Shell’s Debt, Squeeze Total’s Margins Read More »
Exxon’s Woods and Chevron’s upstream president had been due to attend Online conference programme still lists other company executives US State Department last week ordered some diplomats to leave Saudi Arabia Oct 29 (Reuters) – US oil firms ExxonMobil (XOM.N) and Chevron (CVX.N) have cancelled plans for their executives to travel to the United Arab …
Exxon, Chevron Cancel Executive Trips to UAE’s ADIPEC, Sources Say Read More »
(Reuters) – Shell and TotalEnergies reported on Thursday sharply higher third-quarter profits and raised share buybacks, as war-driven energy prices and record refining margins helped both beat expectations. Shell raised its quarterly buyback to $5 billion from $3 billion, the second-largest buyback on record, while Total reiterated plans to buy back $2.5 billion of shares …
Shell and Total Post Highest Quarterly Profit Since 2022 Read More »
(Reuters) – EQT’s acquisition of rival producer Range Resources this week marks the latest consolidation in the natural gas industry, as producers are scrambling to lock in supply to feed growing demand for liquefied natural gas exports and power demand. Canonsburg, Pennsylvania-based EQT said on Monday it will buy Fort Worth, Texas-based Range Resources in …
EQT’s Acquisition of Range Underscores Race to Dominate US Natgas Market Read More »
(Reuters) – Top US natural gas producer Expand Energy surpassed Wall Street expectations for third-quarter profit on Tuesday, boosted by higher natural gas output. U.S. natural gas consumption is expected to hit record highs, driven by LNG exports and power demand from AI data centers. Shares of the company were up 1.5% in extended trading. …
Natgas Producer Expand Energy Tops Quarterly Profit Estimates Read More »
(Reuters) – US energy companies expect 2026 to mark a second consecutive year of record natural gas production, as global demand for liquefied natural gas exports and fuel to power massive data centers grows. Three of the biggest US gas producers — Expand Energy, EQT and Range Resources — will report third-quarter earnings after the …
US Energy Firms to Produce Record Natgas in 2026 as Global Demand Soars Read More »
