Auto Added by WPeMatico
By Sheila Dang Exxon profit hit by Middle East disruptions U.S.-Iran conflict hits output, volumes could fall further in second quarter Oil majors show uneven hits from U.S.-Iran war CFO says paper losses from hedging to unwind in a ‘few months’ HOUSTON, May 1 (Reuters) – Exxon Mobil (XOM.N) beat estimates for adjusted earnings on …
By Vallari Srivastava April 30 (Reuters) – Oil and gas producer ConocoPhillips (COP.N) on Thursday forecast a lower annual output and excluded Qatar from its near-term outlook, citing disruption to its operations in the Middle East due to the Iran conflict. ConocoPhillips is a partner in QatarEnergy’s liquefied natural gas export plant, one of the …
ConocoPhillips Cuts Annual Production Targets as Iran War Disrupts Operations Read More »
By Stephanie Kelly and Shadia Nasralla Business including oil trading posts best result since 2022 BP’s gas and oil production units underperformed expectations Fuel margins, production outlook remain sensitive to Iran war BP plans to cut hybrid bonds by $4.3 billion, net debt rises LONDON, April 28 (Reuters) – BP’s (BP.L) first-quarter profit more than …
BP Quarterly Profit Beats Expectations at $3.2 Billion, Driven by Iran War Trading Boon Read More »
(Reuters) – Top oilfield services companies SLB and Baker Hughes said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by the Middle East conflict highlight the need for investment, particularly in North America. The U.S.-Israeli war with Iran has halted 20% of the world’s oil that usually …
SLB, Baker Hughes See Oil Exploration Spending Rising as Iran War Disrupts Supply Read More »
(Reuters) – North Dakota crude output is set to climb in the coming months as surging oil prices spur operators to ramp up activity, a state regulator said Tuesday. Operators in the third largest oil-producing state are responding to higher oil prices, boosting output from existing wells while holding back on new drilling amid sharp …
North Dakota Crude Output to Rise as Operators Eye High Oil Prices Read More »
(Reuters) – Oilfield service firm Halliburton on Tuesday said it has been discussing commercial terms with customers for operations in Venezuela after making visits to its existing facilities in the country. Interest in Venezuela has ramped up dramatically since the U.S. capture of former President Nicolas Maduro in January, with oil producers and investors looking …
(Reuters) – Oil production in North Dakota rose 4,000 barrels-per-day (bpd) to 1,130,000 bpd in February, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,101,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …
By Shadia Nasralla, Stephanie Kelly and Dmitry Zhdannikov Europe’s top-three majors made billions trading in Q1, sources say BP flags ‘exceptional’ trading results Shell, TotalEnergies also report strong trading results Chevron, Exxon fail to capitalise on crisis, shares trail LONDON, April 17 (Reuters) – The trading desks of Europe’s top three oil majors have reaped …
European Oil Majors Outshine US Rivals With Iran War Trading Bonanza Read More »
(Reuters) – EagleRock, a company that collects royalties and fees from oil and gas production on the land it controls in the Permian Basin, is exploring a U.S. initial public offering that could value it at up to $2 billion, people familiar with the matter said. The Houston-based firm has hired Goldman Sachs on the …
Permian-Focused EagleRock Plans Rare US Oil and Gas IPO, Sources Say Read More »
By Javier Blas It feels like an eternity, but it was only a decade ago when the political center-left was still for “all of the above” energy sources: fossil fuels and renewables alike. It was the not-so-distant days of Barack Obama, when the US president defended fracking as a force for good, saying there wasn’t …
