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…
RBC, JPM Start Coverage on Venture Global With Bullish Rating on Rising LNG Demand
** JPM starts coverage with “overweight” rating and $25 PT; RBC starts coverage with “outperform” and $20 PT ** Shares of VG up at 1.88% at $16.26 premarket ** Both…
US Energy Secretary Attacks ‘Sinister’ Net Zero Goals, Singling Out Britain
US Flag U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to…
Venture Global LNG to Start Commercial Operations in April at Calcasieu Pass Louisiana Plant, Company Says
Long-term customers including Shell and BP have been notified of the start of commercial operations, the company said. Venture Global’s failure to move to commercial operations years after it started selling the…
