SLB Completes Acquisition of ChampionX
Enhanced portfolio drives innovation in production and reservoir recovery, expands SLB’s presence in high-growth vertical, and accelerates digital adoption HOUSTON–(BUSINESS WIRE)–SLB (NYSE: SLB) announced today that it has closed its of…
Kinder Morgan Quarterly Profit Jumps on Strong Natgas Demand
By July 16 (Reuters) – Kinder Morgan (KMI.N) posted a 24% rise in second-quarter profit on Wednesday, as higher volumes of natural gas were transported through its pipelines and demand…
US Crude Stockpiles Fall as Exports Rise; Fuel Demand Drops, EIA Says
By Stephanie Kelly Crude inventories drop by 3.9 mln bbls, surpassing forecast Brent and US crude futures extend losses after EIA report Crude exports rise to 3.5 mln bpd, EIA…
Solar and Wind Groups Seek California Aid After Trump Subsidy Cuts
July 16 (Reuters) – Clean energy companies are asking California leaders for help getting their projects going before changes to federal subsidies in President Donald Trump’s sweeping new tax and…
Microsoft, US National Lab Tap AI to Speed Up Nuclear Power Permitting Process
By SAN FRANCISCO, July 16 (Reuters) – Microsoft and a U.S. national laboratory on Wednesday said they are partnering to examine how artificial intelligence could be used to speed up…
Oil Settles Down; Build in US Fuel Inventories Offsets Signs Demand Growing
By US crude stockpiles fall, gasoline and distillates build US gasoline demand eases during peak driving season OPEC bullish on oil demand outlook HOUSTON, July 16 (Reuters) – Oil prices…
Oilfield Run by US Firm Hit in Drone Attack in Iraqi Kurdistan, Sources Say
BAGHDAD, July 16 (Reuters) – A drone attack struck an oilfield operated by U.S. company Hunt Oil in the Iraqi Kurdish city of Dohuk on Wednesday, security sources said. It…
How Canada’s Oil Sands Transformed Into One of North America’s Lowest-Cost Plays
(July 16 – Reuters) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s…
Oil Prices Gain on Demand Expectations amid Improving Economy
(Reuters) – Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world’s two largest oil users, amid an improving economic outlook. Brent crude…
Ex-Pioneer CEO Cannot Challenge Order Barring Him From Exxon board, FTC Says
Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, cannot directly challenge a Biden-era order barring him from ExxonMobil’s board after its acquisition of Pioneer, the Federal Trade…
