(Reuters) – BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The company did not immediately respond to Reuters’ requests for comment. The Whiting refinery, the largest in the U.S. Midwest, produces a wide range of liquid fuels, including gasoline, diesel and jet fuel. Reporting by Nicole Jao …
By America Hernandez First quarter adjusted net profit drops 18% versus a year ago All business segments down except LNG Net debt rises to $20.1 billion, up 42% vs a year ago Free cash flow not enough to cover buybacks, dividends (Reuters PARIS, April 30) – Europe’s willingness to buy more liquefied natural gas (LNG) …
TotalEnergies CEO Seeks to Reassure Investors After Smaller Profit, Higher Debt Read More »
The U.S.-based solar panel manufacturer was among the latest companies to announce changes amid policy and regulatory concerns in the U.S.
Energy Transfer won a massive lawsuit against the environmental group Greenpeace that will likely change the tactics of future protests.
After selling Fayetteville gas producer Flywheel Energy last year, the team is launching South Wind Exploration & Production with Kayne Anderson financing.
Reduced prices for goods and services may come as Permian Basin and other oil-focused E&Ps drop rigs and frac crews at $60 oil, Expand Energy executives said.
With crude prices falling below $60/bbl, Northern Oil and Gas CEO Nick O’Grady sees opportunity for his company amid an uncertain outlook.
(Reuters) – Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said. This possible shift in Saudi policy could suggest a move toward …
Saudi Arabia Signals it Can Live With Lower Oil Prices, Sources Say Read More »
(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels to 440.4 million barrels in the week ended April 25, the EIA said, compared with analysts’ …
US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says Read More »
(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision to halt the construction, the Norwegian group said on Wednesday. In a blow to the nascent U.S. offshore wind industry, Interior Secretary Doug Burgum said …
Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown Read More »
