Oilfield Services Company SLB Reorganizes, Expects More Job Cuts, Source Says
(Reuters) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an…
EIA Raises US Oil Production Forecast for 2025
(Reuters) – U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy…
Asian Buyers Look to Step Up US LNG Imports to Fend Off Trump Tariffs
At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow their trade deficit with the United States and fend off tariffs, while others look…
New U.S. Metals Tariffs to Drive up Oilfield Equipment Costs, ChampionX Exec Says
U.S. President Donald Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions” in a move he hopes will aid the struggling…
Activist Elliott Builds Over $2.5 Billion Stake in Phillips 66, WSJ Reports
Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 and plans to push for operational changes to boost its stock price, the…
Chevron Struggles to Replace Oil, Gas Reserves Amid Hess Deal Limbo
Summary • Chevron’s reserve replacement ratio declines to 45%, raising investor concerns• Hess acquisition would boost Chevron’s prospects with Guyana oilfield stake• Exxon and CNOOC challenged Chevron’s bid for Hess…
Oil Climbs on Supply Worries, Trump Tariffs Check Gains
Summary • Brent, WTI up 0.7% after near 2% rise in prior session• Trump imposes 25% import tariffs on steel, aluminium• Fed to wait until next quarter before rate cut,…
Energy Transfer to Supply Natural Gas to AI Data Center in Texas
Pipeline operator Energy Transfer LP will provide natural gas directly to CloudBurst Data Centers, Inc. as companies prepare for an expected boom in power demand from artificial intelligence. Energy Transfer’s Oasis Pipeline, LP,…
Why Trump Wants Higher Tariffs on Steel and Aluminum
As he tries to reshape US trade ties with the rest of the world, President Donald Trump has unveiled a new tariff threat: He’s pledged to impose a 25% levy on US…
Recent Cold Snap Lead to Fourth-Largest NatGas Storage Withdrawal, US EIA Says
(Reuters) – The United States saw the fourth-largest weekly withdrawal from natural gas storage during mid-January as colder-than-normal temperatures boosted consumption, the U.S. Energy Information Administration (EIA) said on Monday.…
