I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say
The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they…
Oil Posts Biggest Weekly Loss in a Month Ahead of OPEC+ Meeting
By Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate…
US EPA Plans to Reduce Staff to 1980s Levels, Dissolve Research Office
“This reorganization will bring much needed efficiencies to incorporate science into our rulemakings and sharply focus our work on providing the cleanest air, land, and water for our communities,” EPA…
US Army Corps Targeting Fall Decision for Enbridge Line 5 Tunnel
By CALGARY, May 2 (Reuters) – The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge’s…
Big Oil Earnings Show Split in Production Strategy, Shareholder Returns
By and Exxon and Shell maintain buybacks amid oil price slump Chevron and BP reduce buybacks due to market conditions Exxon benefits from Guyana oilfield, Chevron seeks entry HOUSTON/LONDON, May…
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says
By May 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm…
Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2
Summary Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON,…
Shell Profit Beats Expectations, Buybacks Kept Steady
By Q1 adjusted earnings $5.58 billion above forecast $4.96 billion Will buy back shares worth $3.5 billion in next three months Contrasts with BP that cut buybacks this year CEO…
Exxon Beats Wall Street Profit Estimate, Boosted by Guyana and Permian Production
Summary Exxon on track to meet annual share repurchase target Lower-cost production in Permian, Guyana helps boost earnings Oil and gas production up from a year ago Shares rise about…
Oil Falls as Traders Weigh Potential US-China Trade Talks
Summary China ‘evaluating’ U.S. proposal to ease trade tensions OPEC+ members to discuss June output plan on May 5 Trump threatens secondary sanctions on Iranian oil buyers (Reuters) – Oil…
