PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
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Shell Selects SLB for Deepwater Drilling Contracts
SLB will deliver the projects in the U.K. North Sea, Trinidad and Tobago and the Gulf of Mexico, among others regions, over the next three years.
US Oil Imports From Canada Hit Record Ahead of Tariffs Threat, EIA Data Shows
(Reuters) – U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump’s plans to tariff imports. U.S. crude oil imports from Canada rose by 689,000 barrels a day in the week ended Jan. …
US Oil Imports From Canada Hit Record Ahead of Tariffs Threat, EIA Data Shows Read More »
Chevron Targets $6-8 bln in Free Cash Flow Growth Next Year, CEO Says
(Reuters) – Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by “a couple billion dollars,” said Chevron CEO Michael Wirth on Wednesday. The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects …
Chevron Targets $6-8 bln in Free Cash Flow Growth Next Year, CEO Says Read More »
Alaska Wildlife Refuge Drilling Auction Yields No Bids, US Says
(Reuters) – The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy companies. Outgoing President Joe Biden’s administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should …
Alaska Wildlife Refuge Drilling Auction Yields No Bids, US Says Read More »
US Crude Stocks Fall, Fuel Inventories Rise, EIA Says
(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with analysts’ expectations in a Reuters poll for a 184,000-barrel draw. Crude stocks …
US Crude Stocks Fall, Fuel Inventories Rise, EIA Says Read More »
US Natgas Prices Climb 4% on Rising Demand Ahead of Storage Report
(Reuters) – U.S. natural gas futures climbed about 4% on Wednesday on forecasts for more heating demand this week than previously expected and a continued decline in output from freezing wells, while extreme cold in the Northeast boosted spot gas prices to their highest since January 2024. Those price increases came ahead of a federal …
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Chevron Targets $6-8B in Free Cash Flow Growth Next Year, CEO Says
The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Aalo Atomics Advancing Microreactor Tech for US Energy Needs
Aalo Atomics intends to build an experimental microreactor facility at the Idaho National Laboratory.