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By Jonathan Gilbert and Ignacio Olivera Doll US shale pioneer Harold Hamm is moving to expand his footprint in Argentina’s Vaca Muerta oil basin, home to the world’s fastest-growing shale boom, according to people familiar with the matter. Hamm’s Continental Resources Inc. is set to compete for shale blocks in an auction managed by Neuquen …
Oil Billionaire Hamm Seeks to Expand in Argentina’s Shale Patch Read More »
Summary Adjusted earnings rise 67% from first quarter to $14.7 billion Second-quarter production slips to 4.5 million boepd from 4.6 million boepd About 450,000 boepd offline in Qatar, CFO says Permian output topped 1.8 million bpd HOUSTON, July 31 (Reuters) – ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, sending its shares down about …
ExxonMobil Misses Second-Quarter Profit Estimates Read More »
July 30 (Reuters) – Venezuelan officials and oil executives have moved ahead with the migration of dozens of joint ventures to new terms approved in a sweeping government reform, but delays remain in finalizing the agreements needed to greenlight the projects, four sources involved in the preparations said. Venezuela’s oil ministry had set July 28 …
Oil Companies Signing Agreements in Venezuela, But Delays Persist Read More »
By Stephanie Kelly Cuts would affect about 8% of 8,500 non-frontline production and operations roles BP says it does not expect material change to operators, technicians and maintenance teams BP had 93,700 employees and operations in 61 countries in 2025 July 30 (Reuters) – BP (BP.L), opens new tab plans to cut about 700 of …
BP to Cut 700 Jobs as it Simplifies Company, Internal Email Shows Read More »
(Reuters) – U.S. natural gas producer Expand Energy beat Wall Street estimates for second-quarter profit on Tuesday, helped by higher output. U.S. producers are benefiting from surging electricity demand for natural gas to power data centers as well as rising liquefied natural gas exports. The company’s production averaged 6.9 billion cubic feet per day (Bcfepd) …
Natgas Producer Expand Energy Beats Second-Quarter Profit Estimates Read More »
(Reuters) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East. The Middle East conflict has dominated energy markets this year with repeated …
Baker Hughes Flags Lower Spending by Oil and Gas Producers in 2026 Read More »
(Reuters) – SLB beat expectations for second-quarter profit on Friday, as resilient demand across key markets helped the top U.S. oilfield services firm ride out weakness in the Middle East due to the Iran war, sending its shares up 2% before the bell. Frequent flare-ups in the war, now in its fifth month, have kept …
Top US Oilfield Services Firm SLB Beats Quarterly Profit Estimates Read More »
Increasing Share Buybacks; Full Year Production Guidance Raised; Capital Guidance Unchanged Highlights: Generated second quarter cash from operating activities of $1.6 billion, Non-GAAP Cash Flow of approximately $1.3 billion and Non-GAAP Free Cash Flow of $682 million after capital expenditures of $574 million Produced average second quarter volumes of 615 thousand barrels of oil equivalent …
Ovintiv Reports Second Quarter 2026 Financial and Operating Results Read More »
By Marianna Parraga and Deisy Buitrago Companies expected to sign new agreements by July 28 Weighted royalty rate among key elements in negotiation Newcomers will have more time to complete agreements CARACAS, July 23 (Reuters) – Venezuela’s oil ministry has told partners of state energy company PDVSA that it will maintain the July 28 deadline …
Oil Executives Rush to Complete Contract Migration in Venezuela, Sources Say Read More »
July 23 (Reuters) – U.S. energy shares rose on Thursday as Brent crude touched $100 a barrel, extending a five-day rally after attacks on two Saudi oil tankers heightened concerns over global oil supply disruptions. Houthi forces in Yemen have widened the conflict by targeting vessels carrying Saudi oil in the Bab el-Mandeb strait, after …
US Energy Shares Gain as Houthi Tanker Attacks Push Brent Crude to $100 Read More »
