HOUSTON, May 7 (Reuters) – Occidental Petroleum (OXY.N), opens new tab on Tuesday reported profit that beat analysts’ first-quarter consensus estimate and forecast second quarter oil and gas production would climb 7%. Profit fell to […]
NEW YORK, May 8 (Reuters) – Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw in crude stockpiles as refiners ramped up output ahead of the summer driving season. […]
Norway is expanding the acreage in the Barents Sea and the Norwegian Sea, for which companies vying for licenses in mature areas can bid this year, the energy ministry of Western Europe’s largest oil and […]
Crude oil prices recovered lost territory today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3. This compared with a build of 7.3 million barrels estimated […]
The EU’s climate agenda is in trouble. The Green Deal, which aims to slash the bloc’s carbon emissions by 55% by 2030, had started off promisingly after several major pieces of legislation were adopted, including its […]
“We made too many wrong mistakes.” – Yogi Berra On July 19, 2022, a group of economics professors from Yale University, the University of Pennsylvania, and the Warsaw School of Economics self-published a 118-page, non-peer-reviewed article titled […]
LONDON (Reuters) – BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap […]
Colorado’s new fees on oil and gas production will substantially increase the amount of money the state collects from fossil-fuel producers, but they will do little to offset its exceptionally low rates of conventional taxes […]
Highlights: Generated net earnings of $338 million, cash from operating activities of $659 million, Non-GAAP Cash Flow of $1,035 million and Non-GAAP Free Cash Flow of $444 million after capital expenditures of $591 million First quarter production was at the high-end or […]
Drops in power generation from wind farms, hydro dams and nuclear reactors has forced the operator of the electric grid in Texas – one of the largest power systems in the United States – to […]
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