Accretive transaction strengthens Free Cash Flow outlook and adds ~100 high-value oil-weighted locations TULSA, OK, May 12, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Forge Energy II Delaware, LLC (“Forge”), an …

Vital Energy Expands Permian Footprint with Delaware Basin Acquisition Read More »

U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a smaller-than-usual storage build last week when cold weather kept heating demand for the fuel high. Prices did not react to a bullish decline in output over the past few days or forecasts …

U.S. natgas futures little changed ahead of federal storage report Read More »

ROTTERDAM, May 11 (Reuters) – Saudi Arabia and the Netherlands on Thursday signed a memorandum of understanding to collaborate on the development of green energy and hydrogen. The Netherlands could be the main destination for the transport of hydrogen derived from renewable energy sources from Saudi Arabia to Europe, Saudi energy minister Prince Abdulaziz bin …

Saudi Arabia and Netherlands agree to collaborate on green energy Read More »

The soon-to-be chief executive of what will become the world’s third-biggest lithium producer says the new company will focus on building a supply chain in the Americas, as US automakers look for non-Chinese sources of the battery metal. “America-centric is a big differentiator for us with customers, with investors,” Paul Graves said in an interview …

Head of New Lithium Giant Building Supply Chain for Americas Read More »

Lawsuit says oil and gas development violates constitutional rights Oil, gas development has grown nearly tenfold in past 10 years May 10 (Reuters) – New Mexico residents on Wednesday sued the state seeking to suspend new permitting for oil and gas production, claiming the government’s approvals for fossil fuel projects, without proper oversight, violates a …

New Mexico residents sue seeking to block oil and gas permitting Read More »

By Geoffrey Cann Heavy industry has long known that intoxication and some kinds of work simply don’t mix. Digital technologies are helping overcome the risk of hard-to-detect intoxicants on the job site. Many years ago, I was travelling for work and my company credit card was declined at an airport for exceeding its very healthy credit limit. Being stranded …

Legal Drugs in the Energy Workplace — What Could Go Wrong? – Geoffrey Cann Read More »

LONDON, May 9 (Reuters) – Portfolio investors have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC⁺ allies at the start of April. Hedge funds and other money managers sold the equivalent of 145 million barrels in the six most important futures and …

Investors Dumped Oil, Curtailing OPEC⁺ Driven Rally – John Kemp Read More »

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its first quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a conference …

Occidental Announces First Quarter 2023 Results Read More »

U.S. natural gas production will rise to a record high in 2023, while demand will fall, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise to 101.09 billion cubic feet per day (bcfd) in 2023 and 101.24 bcfd in 2024 from …

U.S. Natgas Output to Hit Record High in 2023, Demand to fall Read More »

WASHINGTON — An Indigenous band is asking a Wisconsin judge to order an emergency shutdown of the Line 5 pipeline. The Bad River Band of the Lake Superior Chippewa says ongoing spring flooding risks exposing and rupturing the pipeline on its territorial land. The band has asked District Court Judge William Conley, who is presiding …

Riverbank erosion prompts Wisconsin band to ask for emergency shutdown of Line 5 Read More »