Oilfield Services Provider Baker Hughes to Sell Stake in Unit to Cactus
June 2 (Reuters) – Baker Hughes (BKR.O) will sell 65% of its surface pressure control business to a unit of equipment maker Cactus (WHD.N) for $344.5 million, as the oilfield…
How the House Cut Off New Solar and Wind Subsidies in the “Big Beautiful Bill” – Alex Epstein
By Alex Epstein I invited Representatives Chip Roy and Josh Brecheen for a discussion about how they defeated a hoard of subsidy-seeking lobbyists to cut off new solar and wind…
US Drillers Cut Oil and Gas Rigs to Lowest Since November 2021, Baker Hughes Says
By May 30 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest…
Trump Moves to Lift Biden-Era Curbs on Arctic Oil Drilling
The Trump administration is planning to repeal curbs on oil drilling in the National Petroleum Reserve-Alaska, which holds an estimated 8.7 billion barrels of recoverable oil. Summary by Bloomberg AI…
US Regulators Approve Some Construction at Venture Global’s CP2 LNG Plant
U.S. regulators gave Venture Global permission on Friday to proceed with some construction activities at its proposed CP2 LNG facility in Louisiana, according to a Federal Energy Regulatory Commission document.…
US Targets Geothermal Projects for Emergency Permitting
By WASHINGTON, May 30 (Reuters) – The U.S. Department of the Interior said on Friday it was implementing emergency permitting procedures to accelerate reviews of geothermal energy projects as part…
Oil Leaps Almost 3% After OPEC+ Keeps Output Increase Unchanged
(Reuters) – Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it…
US Crude Oil Output Hit Record High in March, While Demand Fell
Crude oil production in Texas, the nation’s top oil-producing state, rose 50,000 bpd from February to 5.71 million bpd in March, the highest since November 2024, EIA data showed. Get…
OPEC+ Agrees to Further Accelerated Oil Output Hike for July
Summary Eight OPEC+ members met online OPEC+ cites steady economic outlook, healthy market fundamentals (Reuters) – OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day…
Oil Finishes Down on Possible OPEC+ Output Hike
Summary Brent and WTI down over 1% this week OPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decision (Reuters) – U.S.…
