Range Secures Appalachian Takeaway to Capitalize on Higher NatGas Prices
Appalachian pure-play Range Resources expects strong demand in the second half of the decade and is taking the necessary steps to capitalize on higher natural gas prices.
Wind Turbine Maker Nordex Upbeat on Long-Term US Prospects
(Reuters) – German wind turbine maker Nordex expects continued growth in its U.S. market despite changes to the renewables landscape in the short term, its CEO said after better than expected core earnings. U.S. President Donald Trump suspended offshore leasing for wind power on his first day in office in January, hitting share prices of …
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US Crude Stockpiles Fall as Refining Picks Up, Fuel Inventories Build, EIA Says
U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.3 million barrels to 430.2 million barrels in the week ended February 21, the EIA said, compared with analysts’ expectations in a …
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Ovintiv Reports Fourth Quarter and Year-End 2024 Financial and Operating Results
February 26, 2025 CNW 2024 Non-GAAP Free Cash Flow Up Approximately 50% Year-Over-Year Highlights: Full Year 2024 Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $4.0 billion and Non-GAAP Free Cash Flow of $1.7 billion after capital expenditures of $2.3 billion Produced average total volumes of 585 thousand barrels of oil equivalent per day (“MBOE/d”), including 211 thousand …
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US Licenses and Authorizations to Venezuela’s Oil Sector
Since it first imposed sanctions on Venezuela’s energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country’s oil to specific destinations.Washington had imposed the sanctions over reports by international observers of irregularities in elections that have repeatedly kept President Nicolas Maduro …
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Top Buyers of Venezuelan Crude Oil in the United States
U.S. imports of crude oil from Venezuela averaged 222,000 barrels per day (bpd) in the first 11 months of 2024, according to U.S. Energy Information Administration data, making it the fourth largest crude supplier to the United States.While Venezuela’s oil accounted for only 3.5% of total U.S. crude imports in November, it was about 13% …
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Coterra to Rig Back up in Marcellus to Arrest Decline
“This increase in activity is from zero to ‘some’ activity. I wouldn’t characterize this as ‘leaning into’ a gas market,” Shane Young, Coterra Energy’s CFO, told investors.
IOG Resources II Buys Non-Op Utica Shale Interests
IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.
Western Midstream to Build Permian Produced Water Pipeline
Western Midstream is investing up to $450 million to expand its produced water infrastructure, including the Pathfinder pipeline to transport produced water to disposal facilities in the Delaware Basin.
Trump Axes Chevron’s Venezuela Oil License, Citing Lack of Electoral Reforms
U.S. President Donald Trump on Feb. 26 said he was reversing a license given to Chevron to operate in Venezuela.