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By Arathy Somasekhar US imports of Middle Eastern crude to top 600,000 bpd in August, ship-tracking data shows At least 11 tankers loaded with Middle Eastern oil signal US ports Over 20 supertankers sailing empty towards the Gulf of Mexico to pick up crude HOUSTON, Aug 6 (Reuters) – U.S. imports of Middle Eastern crude …
US is Set to Import Most Middle East Crude Since Iran War Began Read More »
By Nichola Groom RWE will shift investment to gas projects, including Louisiana LNG and US gas power plants Deal is Trump administration’s fifth offshore wind lease cancellation agreement this year RWE had stopped work on US offshore wind last year, citing Trump administration moves against industry Aug 6 (Reuters) – German energy company RWE (RWEG.DE) …
RWE, Trump Administration Reach $1.22 Billion Agreement to Cancel Offshore Wind Leases Read More »
By API – American Petroleum Institute The current disruption has tested global energy markets. While uncertainty remains high, the United States entered this period producing record amounts of oil, operating world-class refineries and supplying more new energy to global markets than any other country. Markets remain tight, inventories are low and uncertainty around the Strait of …
AMERICAN ENERGY SNAPSHOT: How America Became the World’s Energy Stabilizer Read More »
(Reuters) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to …
Japex to Buy US Tight Oil and Gas Assets for $320 Million Read More »
(Reuters) – ConocoPhillips on Thursday named finance chief Andy O’Brien as CEO, succeeding Ryan Lance, who will transition to executive chair on September 1 after more than a decade leading the U.S. oil producer. O’Brien takes the reins of a company that has one of the strongest balance sheets among independent exploration and production companies. …
Andy O’Brien, The Insider Poised to Lead ConocoPhillips Read More »
(Reuters) – Cheniere Energy reported a rise in second-quarter profit on Thursday, helped by increased demand for liquefied natural gas (LNG), sending its shares up 2% in premarket trading. The U.S. is the world’s largest exporter of LNG, shipping 15 billion cubic feet per day (bcfpd) of the supercooled fuel in 2025, according to the U.S. …
Cheniere Energy Reports Rise in Second-Quarter Profit on Increased LNG Demand Read More »
(Reuters) – ConocoPhillips said on Thursday it has completed the sale of $1.7 billion of noncore Lower 48 assets in July, helping the U.S. oil producer reach its $5 billion asset disposition target ahead of schedule. Here are some details: Asset sales have become a key step for large shale producers looking to streamline operations, …
ConocoPhillips Completes $1.7 Bln Asset Sale, Hits Divestiture Target Early Read More »
(Reuters) – Oil and gas producer APA beat Wall Street estimates for second-quarter profit on Wednesday, helped by higher oil prices. The U.S.-Israeli conflict with Iran, now in its sixth month, has raised concerns about disruptions to Middle East oil supplies and shipping through the Strait of Hormuz, pushing benchmark Brent crude prices up 19.2% …
Shale Producer APA Beats Second-Quarter Profit Estimates Read More »
(Reuters) – U.S. shale producer Occidental Petroleum reported its highest quarterly profit since 2022, surpassing Wall Street expectations on Wednesday, helped by higher oil prices and production. Benchmark Brent crude prices averaged 19.2% higher at $89.62 per barrel in the quarter from a year earlier as the conflict in the Middle East, now in its …
Occidental Quarterly Profit Soars to Highest Since 2022 on Oil Rally Read More »
(Reuters) – Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. “Crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated …
US Upstream Oil and Gas Second-Quarter Dealmaking Dives on Volatility Read More »
