Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says
(Reuters) – The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up,…
Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business
By Marketing of the ships indicates Chevron will not load all cargoes this month One Venezuelan crude cargo still pending return Vessels chartered by Vitol, Reliance and Maurel & Prom…
As Tesla Falters, These New EVs Are Picking Up the Pace
By When Artie R. Williams decided it was time to kick his gas habit, he narrowed his search to three options: the Cadillac Optiq, a Porsche Macan EV and the…
US Widens Sanctions on Iran to Target Lucrative Gas Exports
By The US’s campaign to impose “maximum pressure” on Iran’s economy now includes the Islamic Republic’s liquefied petroleum gas exports, as Washington broadens its focus beyond crude oil. The Treasury…
Baker Hughes Flags Tariff Impact on Full-Year Core Profit
(Reuters) – U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs. U.S.…
Oil Prices Rise on Iran Sanctions and Decline in US Crude Stocks
Summary U.S. President Trump softens tone on China and Powell Brent crude benchmark hits highest in almost three weeks Official U.S. crude stocks data at 1430 GMT (Reuters) – Oil…
Woodside Weighs Trump Tariff Impact on $1.2 Billion Louisiana LNG Project
Woodside acquired the project, formerly called Driftwood, from Tellurian for $1.2 billion last year to position itself as a “global LNG powerhouse”. The first of four development phases is expected…
ConocoPhillips Plans Layoffs as Part of Broad Restructuring
The job cuts are the latest sign of pain in the oil and gas industry, which is facing higher costs and lower revenues as prices hover around $63 a barrel.…
Democrat Phillips Resigns From US Energy Regulatory Panel
(Reuters) – Willie Phillips, a Democratic commissioner on the U.S. Federal Energy Regulatory Commission, resigned on Tuesday, opening the way for President Donald Trump to nominate another member who would…
North Dakota Oil Prices Near Breakeven Levels in Market Rout, State Regulator Says
(Reuters) – North Dakota oil prices are near breakeven levels, the state’s oil and gas regulator said on Tuesday, as a global trade war has stoked concerns of a recession…
