India’s plan to auction abandoned coal mines to private firms to meet rising energy demand has brought little cheer to the industry as running the mines poses financial, technological and safety risks companies are reluctant […]
Nickel Road Operating LLC announced it divested a portion of its assets in the Denver-Julesberg (DJ) Basin to Bayswater Exploration and Production. The assets are positioned next to Bayswater’s existing holdings in Weld County and […]
Phillips 66 Reports Second-Quarter 2022 Financial Results Reported second-quarter earnings of $3.2 billion or $6.53 per share; adjusted earnings of $3.3 billion or $6.77 per share Generated $1.8 billion of operating cash flow; $3.6 billion […]
Italian oil major Eni has made another significant gas discovery of 1-1.5 trillion cubic feet (tcf) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 […]
Energy Workforce continues to digest the potential reconciliation deal — the “Inflation Reduction Act” — in the Senate. Initial thoughts are mixed; some provisions may be beneficial to our sector while others will be negative. […]
Oil and gas company Jadestone has agreed to acquire BP’s entire 16.67 percent working interest in the Cossack, Wanaea, Lambert, and Hermes oil fields in the North Carnarvon basin offshore north-west Australia. The fields, also […]
Libya’s crude production has returned to 1.2 million b/d after the lifting of force majeure on oil fields and exports on July 15, state-owned National Oil Corp. said July 31, even as the OPEC member […]
Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. announced an agreement to jointly invest in the construction and operation of the Woodfibre LNG project. Woodfibre LNG is a 2.1 million-tonne-per-year liquefied natural gas (LNG) […]
Saudi Aramco, the world’s largest oil-exporting company, acquired US lubricants manufacturer Valvoline Aug. 1 as it looks to achieve greater market share in the downstream and allied distribution businesses. Valvoline was acquired for $2.65 billion, […]
Crude futures traded lower in midmorning trade in Europe on Aug. 1, as markets reacted to weakened economic activity in China with the Caixin PMI dropping to 50.4 in July. At 1107 GMT, October ICE […]
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