The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April and beyond. WTI was trading at $80.04 per barrel at […]
(Bloomberg) – The Philippines is working to explore other parts of the country that are potentially rich in oil and gas, according to an energy official, as talks with Beijing on joint resource development in […]
It’s rare for disputes between any of the world’s supermajor oil companies to spill out in public. It’s even rarer that one could end up costing $53 billion. But the oil riches beneath Guyana’s coastal […]
ConocoPhillips Co. and Aker BP ASA have received consent from Norwegian authorities to start production in two separate oil projects in the North Sea. Expected to go onstream by March, the northern part of the […]
BP Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country. The spending, which will be net […]
Oil Prices Dip Despite Production Cut Hopes as Unexpected Inventory Build Emerges U.S. crude oil inventories unexpectedly surged, pushing oil prices lower despite anticipation of extended production cuts by OPEC+. The American Petroleum Institute (API) […]
HOUSTON, Feb 26 (Reuters) – Exxon Mobil Corp (XOM.N), opens new tab said on Monday it may preempt Chevron Corp’s (CVX.N), opens new tab acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its […]
CRC Delivers Record Cash Flow and Free Cash Flow per Share Annual Results LONG BEACH, Calif., Feb. 27 /BusinessWire/ — California Resources Corporation (NYSE:CRC) today reported financial and operating results for the fourth quarter and […]
Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights: Full Year 2023 Generated net earnings of $2.1 billion, cash from operating activities of $4.2 billion, Non-GAAP Cash Flow of $3.9 billion and Non-GAAP Free Cash Flow of $1.2 […]
Daily Standup Top Stories U.S. Electricity Generation by Source in 2023: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum February 27, 2024 Mariel Alumit By Wolf Richter for WOLF STREET. Electricity generation, as measured in gigawatt-hours, has […]
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