Cincinnati-based Synthica Energy has officially broken ground on a new Renewable Natural Gas (RNG) facility in Rome, Georgia, just outside Atlanta. Named...
Story By By Mella McEwen, Oil Editor| Midland Telegram Reporter | Construction of the 42-mile electrified conveyor system carrying sand from Atlas Energy...
Story By Robert Stewart | UpStreamOnline.com | New York-listed driller Nabors Industries will acquire competitor Parker Wellbore for nearly $360 million, the...
By Devika Krishna Kumar and Alex Longley | (Bloomberg) — US oil producers pounced on a chance to lock in prices, known as...
Exxon Mobil Corp, the leading oil producer in the U.S., is planning to sell part of its assets in North Dakota’s Bakken...
Argus Media | Growing associated gas production and rising breakeven prices for new oil wells are creating fresh challenges for Permian producers....
Story from BIC.com | The facility will be located near Reno, Nevada, and capable of producing up to 10 GWh of batteries...
Story By Charles Kennedy for Oilprice.com | Europe’s benchmark natural gas prices seesawed in Wednesday morning trade in Amsterdam as concerns about...
California Governor Gavin Newsom signed a new law on Monday aimed at preventing gas prices from spiking, marking his latest move in...
Story By Simon Watkins for Oilprice.com | As with the Russia-Ukraine War, a key component of the Israel-Hamas War (and the underlying...
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.
Good morning. If data is the new oil, then oil is the new school lunch Gushers. Due to the run-up in oil prices and tech’s collapse, energy giant Saudi Aramco overtook Apple as the most valuable company in the world yesterday with a market capitalization of about $2.43 trillion.
Markets: The Nasdaq dropping 3% in a day used to be an earth-shattering event on Wall Street—now it’s simply called “May 2022.” Tech stocks continued their total collapse after another hot inflation reading yesterday morning. Carvana, which was labeled a pandemic winner, has crashed nearly 92% from its peak and laid off 12% of its workforce on Tuesday.
More proof of the changing of the guard: In October 2020, Zoom was worth more than Exxon Mobil. Now, Exxon’s market cap is 14x bigger than Zoom’s.
Google unveiled its first smartwatch, the Pixel Watch, as well as a bunch of new/upgraded gadgets.
Cleaner air is associated with a rise in Atlantic hurricanes, a government report found.
Manhattan office update: Just 8% of office workers are back in the office 5x a week. 28% are fully remote.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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