Jury Sides with Marathon in $123.7MM Force Majeure Case
Koch Energy Services filed the lawsuit against Marathon Oil for a supply failure during Winter Storm Uri.
Latest
NextEra Energy Resources CEO Talks Electrification Strategy, Growth
With data centers, manufacturing and electrification driving energy demand growth, the company looks to meet energy needs with renewables, batteries, natural gas and nuclear energy.
WIND WARNING: Orsted Cancels Major UK Wind Project as Economics Worsen
Summary • CEO blames higher costs, interest rates and execution risks • Q1 core profit above forecasts • British government hopes to revive the project (Reuters) – Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow …
WIND WARNING: Orsted Cancels Major UK Wind Project as Economics Worsen Read More »
Oil Rises as Market Eyes US-China Trade Talks, Lower US Output
Summary • U.S.-China to meet over the weekend • U.S. crude stocks seen falling 800,000 barrels in EIA report • API showed U.S. crude, gasoline stocks fell, sources say LONDON, May 7 (Reuters) – Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade …
Oil Rises as Market Eyes US-China Trade Talks, Lower US Output Read More »
EOG Resources Cuts $200MM in Oily Capex on Tariff, OPEC+ Uncertainty
EOG Resources’ spending cuts will result in 80 fewer net completions and three fewer rigs, year-over-year, in the Eagle Ford and Delaware and Powder River basins.
US Natgas Prices Fall on Market Talk That Freeport LNG Export Plant in Texas Shut
(Reuters) – U.S. natural gas futures prices declined on Tuesday on market talk that U.S. liquefied natural gas company Freeport LNG’s export plant in Texas is shut. Officials at Freeport declined to comment. Freeport is one of the most closely watched LNG export plants in the world because the start and stop of its operations …
US Natgas Prices Fall on Market Talk That Freeport LNG Export Plant in Texas Shut Read More »
Ovintiv Reports First Quarter 2025 Financial and Operating Results
Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million First quarter oil and condensate production was above the guidance range at 206 thousand barrels per day (“Mbbls/d”) Average …
Ovintiv Reports First Quarter 2025 Financial and Operating Results Read More »
Ex-Parsley Team Re-Ups with Greenlake Energy II, Delaware Deal
NGP’s initial investment in Greenlake Energy II, headed by former Parsley Energy executives, includes closing an initial acquisition in the Delaware Basin.
SLB OneSubsea, Subsea7 Secure EPCI for BP’s Ginger Project
SLB OneSubsea and Subsea7 were awarded an engineering, procurement, construction and installation contract for BP’s Ginger project off the southeast coast of Trinidad.
The Future Remains Bright for Offshore Oil and Gas, Rystad Says
In the midst of a global energy transition, offshore oil and gas production continues to not only be viable, but essential, says Rystad Energy.