Putin Suggests Western Involvement in Ukrainian Attack on CPC Oil Infrastructure
MOSCOW, Feb 19 (Reuters) – Russian President Vladimir Putin suggested on Wednesday that a Ukrainian drone attack on the Caspian Pipeline Consortium (CPC) pumping station in southern Russia might have…
Oil Edges Higher on Supply Concerns While Market Seeks Peace Talks Clarity
(Reuters) – Oil prices edged up on Wednesday, buoyed by concern over oil supply disruptions in Russia and the U.S. while the market awaits clarity on sanctions as the U.S.…
Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal
A magnitude 5.0 quake struck on Feb. 14, followed by a magnitude 4.7 temblor on Tuesday morning, both in Culberson County in West Texas, according to the United States Geological…
Occidental to Divest Some Upstream Assets for $1.2 Billion
By Feb 18 (Reuters) – Occidental Petroleum (OXY.N) said on Tuesday that it had struck two deals in the current quarter to divest some upstream assets to undisclosed buyers for…
Chevron Staffers Absorb Long-Awaited Layoffs as CEO Pledges Accountability
By and Chevron plans to cut up to 20% of global workforce Executives say business has become overcomplicated, costs rising Some employees say layoffs were expected HOUSTON, Feb 18 (Reuters)…
US NatGas Prices Jump 8% to 3-Week High as Cold Freezes Wells
(Reuters) – U.S. natural gas futures jumped about 8% on Tuesday to a three-week high, as extreme cold in some parts of the country cut output by freezing oil and…
North Dakota Sees Up to 150,000 bpd Hit to Oil Production Due to Cold Weather
(Reuters) – The North Dakota Pipeline Authority said oil production was estimated to be down between 120,000 and 150,000 barrels of oil per day, as of Tuesday morning, due to…
Diamondback Energy to Expand Permian Presence with $4.08 Billion Deal
(Reuters) – Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of EnCap-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion. The…
Oil Prices Extend Gains After Ukraine Drone Strike Hits Kazakh Supply
Summary Kazakhstan transit volumes could drop by 30%, says Transneft Investors watch for progress in Ukraine-Russia peace talks OPEC+ output plans also in focus (Reuters) – Oil extended gains on…
US Aims to ‘Get Out of The Way’ of Oil and Gas, Says Energy Secretary
U.S. Energy Secretary Chris Wright said on Monday his top priority was for the government to “get out of the way” of the production of oil, gas and coal, adding…
