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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 »
(Reuters) – Matador Resources said on Thursday it would buy privately held Paloma Permian from EnCap Investments for about $1.28 billion, adding high-quality drilling assets in the oil-rich Delaware Basin. U.S. shale producers are prioritizing acquisitions that add premium drilling inventory over rapid production growth to maintain capital discipline, allowing them to sustain output and …
Matador to Buy Paloma Permian for $1.28 Billion, Bolsters Delaware Basin Presence Read More »
July 21 (Reuters) – U.S.-based energy company EQT (EQT.N) missed Wall Street estimates for second-quarter profit on Tuesday, hurt by weaker natural gas prices. While the Middle East conflict sent international benchmark prices sharply higher, U.S. Henry Hub prices stayed well below year-ago and historical averages because record domestic output, comfortable storage levels and limited …
EQT Misses Quarterly Profit Estimates on Weak Gas Prices, Raises Production Forecast Read More »
By Siyi Liu, Trixie Sher Li Yap, Nicole Jao and Seher Dareen Crude supply disruption hampers Asian fuel output recovery Strained Asian output and Russian diesel export ban boost global refining margins China has most spare capacity to boost throughput Refiners in Europe and US to run flat out in third quarter SINGAPORE, July 22 …
Mideast War Escalation Threatens Recovery in Global Oil Refining Read More »
US drillers are letting production rise again — just not the way they used to. By David Wethe and Kevin Crowley Gone are the go-go days of the US shale patch, when producers came out guns blazing, eager to boost output through fracking. Drillers are now so efficient they can expand production marginally without really …
Shale Trades Go-Go Days of Growth for Output Creep Read More »
Halliburton’s quarterly Middle East revenue falls nearly 11% CEO Miller expects North America recovery to continue this year Shares fall 4.3% July 21 (Reuters) – Halliburton (HAL.N) edged past Wall Street estimates for second-quarter profit on Tuesday as gains in its other international markets offset declines in the Middle East, but shares fell 4.3% in …
Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand Read More »
July 20 (Reuters) – Magnolia Oil & Gas (MGY.N) said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes about 810,000 net acres in Giddings, more than doubling Magnolia’s position there to over 1.25 million …
Magnolia Oil & Gas to Buy WildFire Energy in $4.06 Billion Deal Read More »
(Reuters) – ConocoPhillips said on Friday it had agreed to acquire a 42% stake in BP Energy Company of Kirkuk Ltd from BP, joining the British oil major in redeveloping four producing oilfields in northern Iraq. The agreement is expected to be signed during Iraqi Prime Minister Ali al-Zaidi’s official visit to Washington, where he …
ConocoPhillips Joins BP in Iraq as Baghdad Seeks More US Energy Investment Read More »
By Mitchell Ferman TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets, but warned of underperformance in its gas business. The French major said earnings from oil trading “are expected to remain at the same strong level as in the first quarter,” reflecting the market upheaval caused by …
TotalEnergies Sees Strong Oil Trading Even as Gas Weakens Read More »
(Reuters) – Shale producer Occidental Petroleum said in a filing on Friday its worldwide average realized oil prices rose 38.4% in the second quarter compared with the previous three months, driven by higher benchmark crude rates amid the Middle East conflict. The U.S.-Iran war has injected a hefty geopolitical risk premium into the energy markets and …
Occidental’s Quarterly Realized Oil Prices Jump Amid Iran War Disruption Read More »
