Exxon Names Former GM President to Run Oil and Gas Business
Oil firm selects two auto industry executives to top posts Continues revamping of management team with outsiders HOUSTON, Dec 3 (Reuters) – Exxon Mobil (XOM.N) said on Tuesday that Dan…
Crescent Energy to Buy Ridgemar Energy’s Eagle Ford Basin Assets for $905 Mln
Dec 3 (Reuters) – Crescent Energy (CRGY.N) said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal…
Biden Administration Will Not Finalize Clean Fuel Tax Credit Guidance
By Dec 3 (Reuters) – Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they…
Oil Prices Steady Ahead of Imminent OPEC+ Decision; Geopolitical Turmoil in Focus
Summary OPEC+ to discuss oil policy on Dec. 5 US oil and fuel stockpiles rose last week Israel warns of renewed war in Lebanon South Korea president faces impeachment after…
PROFILE: Outspoken and Energy Realist CEO is Now Trump’s Oil Evangelist
Liberty CEO Chris Wright at company headquarters in 2018.Photographer: Andy Cross/The Denver Post/Getty Images Standing shoulder to shoulder with his employees, Chris Wright, chief executive officer of oilfield services company Liberty…
Rising LNG Terminal Costs to Make New US Projects Less Competitive, Says Analyst
By HOUSTON, Dec 3 (Reuters) – Rising costs of building and equipping new U.S. liquefied natural gas plants will reduce the competitiveness of U.S. gas exports, LNG analysts at Poten…
Biden Unveils $600 Million in New Financing for African Railway to Boost Critical Minerals Infrastructure
President Joe Biden meets Lobito Atlantic Railway workers at the Port in Lobito, on Dec. 4.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images President Joe Biden meets Lobito Atlantic Railway workers at the Port…
Meta Seeks Nuclear Power Developers for Reactors to Start in Early 2030s
By WASHINGTON, Dec 3 (Reuters) – Meta (META.O) said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the…
US Crude Oil Output Hit Record Last Week, EIA Data Shows
(Reuters) – U.S. crude oil production rose by 20,000 barrels per day (bpd) to a record 13.513 million barrels per day in the week ended Nov 29, data from the…
US Crude Stocks Fall, Fuel Inventories Rise, EIA Data Shows
(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 5.1 million barrels to…
