By: Private Equity News – Private equity firms that back oil and gas businesses are becoming increasingly vocal about the role the...
BY Rick Newman – Yahoo Finance. The war in Ukraine has turned against Russia and its authoritarian president, Vladimir Putin, with Ukrainian forces...
By: Liz Hampton – Reuters – The chief executive of Talos Energy has jumped to the forefront of the energy industry’s greenhouse...
Saudi Arabia’s Public Investment Fund is betting $412 million on tourism. The kingdom’s sovereign wealth fund agreed to acquire a 30% stake...
By: Kevin Schmidt – CNBC – Investing in ESGs has taken a controversial turn in recent weeks as some states have taken...
OilPrice.com. The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the oil and gas M&A playbook....
Coal is making a comeback as Europe races to find alternatives to Russian natural gas. The price of coal is 5 times...
By: Allison Kite – Kansas Reflector – A “once in a lifetime” federal investment will clean up more than 2,300 abandoned gas...
By: Reuters – Oil prices rose on Thursday after Russia threatened to halt oil and gas exports to some buyers, although weighing...
By: Reuters – The UK is expected to announce dozens of new North Sea oil and gas exploration licenses in an effort...
"I've been talking about this being a bear market since February," says @downtown. "Here we are in the middle of May, the damage is way worse than anything we saw in 2018...until everyone can agree, 'hey this is the real thing,' I don't see how we bottom." pic.twitter.com/TGJ2JqPtZ7
— CNBCOvertime (@CNBCOvertime) May 11, 2022
Oil companies worldwide have been trying to increase production, but are struggling to balance increases without undercutting shareholder returns, Occidental Petroleum CEO Vicki Hollub said on May 11.
The U.S. oil producer, which plans to resume repurchasing its shares this quarter to reward investors, could boost output by as much as 5% next year if returns stay high. But rising service and material costs have limited what companies can do to quickly address the oil supply.
The company increased its CAPEX by $250 million mostly to cover inflation costs, she said. It also gave up on a multi-rig program for its Colorado operations after having its drilling permits restricted to one unit by regulators for the remainder of 2022, she said.
Occidental will resume its share repurchase program this quarter after reaching its $20 billion net debt target, CFO Robert Peterson said during the call. The producer had previously disclosed plans to use $3 billion for buybacks.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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