Oil Field Job Cuts Pile Up in the US Shale Patch for Fear of a Glut
Workers in the Permian Basin connect drill bits and collars used to extract petroleum near Midland, Texas. Roustabouts, roughnecks and petroleum engineers in US oil fields are facing the deepest…
Cenovus Selling Stake in WRB Refining to Joint Venture Partner Phillips 66 for $1.9B
Cenovus Energy Inc. has signed a deal to sell its 50 per cent stake in WRB Refining LP to its joint venture partner Phillips 66 for about $1.9 billion. The…
Asian Demand for US LNG Unshaken by China-Russia Pipeline Plans, Says Venture Global CEO
Recent gas agreements between China and Russia are unlikely to weaken Asian demand for U.S. liquefied natural gas (LNG), according to Michael Sabel, CEO of Venture Global LNG, the second-largest…
ConocoPhillips’ Deep Layoffs Highlight Need for Capital Discipline
ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers as oil prices and revenues fall, investors and analysts said, after the…
BlackRock’s GIP Sees ‘Enormous’ Opportunity in Geothermal Energy
By Clean energy projects focused on geothermal and nuclear power have the potential to unlock huge returns for investors, according to an executive at BlackRock Inc.’s Global Infrastructure Partners. Get the…
Diversified Energy Expanding Leadership Position in Oklahoma with Accretive Acquisition of Canvas Energy
Diversified Energy Expanding Leadership Position in Oklahoma with Accretive Acquisition of Canvas Energy Delivers Approximately 18% and 29% Increase in Adjusted EBITDA and Free Cash Flow, Driven by a 13%…
Crude Oil Sentiment Swings to Lower Prices as Bearish Factors Mount
(Reuters) – Sentiment in the crude oil market has shifted to expecting prices to decline, with the debate at the industry’s biggest gathering in Asia more about timing than direction.…
Oil Rises on Modest OPEC+ Output Hike, Russia Supply Concern
Summary Brent and U.S. crude rise about 1% Threat of tighter sanctions on Russian oil also underpins market China to carry on stockpiling oil in 2026, Gunvor official says (Reuters)…
Ukrainian Strikes on Russian Oil Facilities Could be a Boon for US Refiners
A satellite image shows an oil pumping station, part of Druzhba pipeline infrastructure, struck by drones according to Ukraine’s military, in the course of Russia-Ukraine military conflict, in Tambov region,…
Refinery-State Senators Look to Block Trump From Shifting Renewable Fuel Obligation
Reuters) – Oil refinery-state lawmakers led by Senator Mike Lee, a Republican from Utah, will introduce legislation on Tuesday to block President Donald Trump from shifting renewable fuel blending obligations…
