Exxon Open for M&A on Heels of Pioneer Deal
Exxon Mobil is interested in value deals—not buying volumes—in future M&A, a strategy employed when the supermajor acquired Pioneer Natural Resources.
Cortec Acquires Power Chokes For Equipment, Services Scale
Cortec purchased Power Chokes, strengthening its position in choke, valve and automation product manufacturing.
Oil Falls $2 a Barrel on Worries About OPEC+ Supply, US Jobs Data
By Erwin Seba Oil prices head for weekly gain US tariffs on dozens of countries take effect on August 1 Investors weigh impact from Trump threats over Russian oil HOUSTON, Aug 1 (Reuters) – Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, …
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Chevron’s Exports of Venezuelan Oil Expected to Resume This Month, CEO Says
(Reuters) – U.S. oil producer Chevron expects its exports of Venezuelan crude to the U.S. to resume this month, the company’s chief executive said on Friday, following a restricted license received this week from the U.S. Treasury Department to operate in the sanctioned country and do oil swaps. Chevron’s CEO Mike Wirth also said in …
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US Drillers Cut Oil and Gas Rigs for Second Week, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 540 in …
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Chevron Hits 1 MMbbl Target in Permian
Chevron exceeded its production target in the Permian Basin, but commodity prices, foreign currency and its Hess purchase contributed to a 44% decrease in the supermajor’s total earnings for the second quarter.
Antero: Graphing Appalachia’s 5-Bcf/d AI-Fueled Demand Growth
AI’s insatiable power appetite is turning Appalachia’s natural gas fields into a critical energy hub. Antero Resources and other E&Ps are racing to lock in supply deals with nearly 5 Bcf/d of regional demand looming from data centers and power projects.
Dividends Declared Week of July 28
As companies report on second-quarter earnings, here is a compilation of dividends and distributions declared in the week of July 28 from select upstream, midstream, downstream and service and supply companies.
US Drillers Cut Oil, Gas Rigs for Second Week
The oil and gas rig count fell by two to 540 in the week to August 1, the lowest since October 2021.
Sempra, Jera Announce 1.5-mtpa LNG Deal
Sempra Infrastructure and Jera’s contract finalizes an HOA announced with national fanfare in June.