BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
Gibson, Baytex Energy Enter Infrastructure Partnership in Duvernay
Baytex Energy, in partnership with Gibson Energy, is building midstream infrastructure in the Pembina Duvernay play that is expected to be completed by fourth-quarter 2025.
Continental Resources Signs JV to Explore Shale Oil, Gas in Turkey
Early evaluations from the joint venture between Continental Resources, Türkiye Petroleum and TransAtlantic Petroleum suggest ultimate recoverable reserves could reach 6 Bbbl of oil and 32 Tcf to 65 Tcf of gas.
US Natural Gas Prices Fall More Than 5% on Record Output, Milder Weather Outlook
U.S. natural gas futures fell more than 5% on Wednesday, driven by record production levels and predictions of milder weather over the next two weeks than previously expected, which could dampen heating demand and enable utilities to draw less gas from storage. Front-month gas futures for April delivery on the New York Mercantile Exchange were …
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Nabors Closes $370MM Parker Wellbore Acquisition
The acquisition of Parker Wellbore adds a large-scale, high performance tubular rental and repairs services operation in the Lower 48 and offshore U.S. to the Nabors portfolio.
Baker Hughes CEO: Expect ‘Volatility, Noise’ Around Energy Transition
Baker Hughes and Linde executives spoke about lower carbon resources such as hydrogen and geothermal, which will be part of the energy mix but unlikely to displace natural gas.
Global Companies Eye More US investment as a Result of Trump’s Pro-Energy Policies
(Reuters) – Market upheaval from U.S. President Donald Trump’s protectionist trade policies has not dampened foreign investment interest in the U.S. energy industry, executives said this week, as they lauded his promise to cut regulations and support fossil fuels. Trump has made energy dominance a pillar of his administration, declaring a national energy emergency on …
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CERAweek: Small Nuclear Power Struggles at Cusp of US Electricity Demand Boom
Summary • Companies • SMRs face cost, security, and regulatory challenges • U.S. regulatory framework for SMRs is underdeveloped • HALEU fuel safety and demand growth concerns persist HOUSTON, March 11 (Reuters) – Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, …
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Unlocking the Power of Data in the Energy Sector
Data is only valuable if it can be accessed, transformed, and understood. This is especially true in the energy sector, where data collection, processing, and operational improvements have long been core practices. From advanced process control to high-fidelity digital twins built using thermodynamic models, the industry has continuously leveraged technical ingenuity to overcome operational challenges. …
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Ontario Premier Doug Ford Freezes Plan to Slap Surcharge of Electricity Exports to US
(Reuters) – The premier of the Canadian province of Ontario said he was suspending plans to impose a 25% surcharge on electricity exports to the United States and would fly to Washington this week for talks with the Trump administration. Doug Ford made his surprise announcement on Tuesday just hours after telling U.S. networks that …
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