Phillips 66 to Lay Off 277 Workers as Los Angeles Refinery Winds Down
Phillips 66 is set to lay off 277 employees as operations at the 139,000-barrel-per-day Los Angeles-area refinery wind down ahead of closure, filings to California’s employment regulator show. Get the…
ConocoPhillips Targets $1 Billion Cost Cuts in 2026; Profit Misses on Weaker Oil Prices
(Reuters) – ConocoPhillips said on Thursday it aims to cut capital and operating costs by $1 billion in 2026, after the U.S. oil and gas producer missed Wall Street estimates for…
Kuwait Oil in Talks with US Operators to Develop Shale Oil, Gas Resources
(Reuters ) – Kuwait Oil Company (KOC) is in talks with some U.S. firms on potential cooperation to develop its shale oil and gas resources, its chief executive said on…
Shell Misses Profit Expectations, but Keeps Buyback Pace
Shell missed fourth-quarter profit expectations on Thursday with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme. Shareholders of…
US Rooftop Solar Installers Cut Jobs, Restructure as Homeowner Subsidy Expires
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Expiration of 30% federal homeowner tax credit triggers downturn and layoffs in residential solar Installations forecast to…
Elon Musk Alone Can’t Explain Tesla’s Owner Exodus
One of the biggest problems facing Tesla these days is the fact there are plenty of other EV options to choose from By Hannah Elliott Tori Horowitz loved her 2021…
Cheniere Submits Application to Build Massive LNG Plant in Texas
By Cheniere plans 24 mtpa LNG plant expansion in Texas Expansion to add four new LNG processing trains Cheniere aims for federal approval by May next year HOUSTON, Feb 5…
Arctic Blast Triggers Largest-Ever US Gas Storage Withdrawal
By US natural gas consumers withdrew more gas from storage last week than they ever have before as a powerful late-January storm boosted demand for the heating fuel while also…
Traders Rush to Lock in Oil Prices Amid Iran Geopolitical Risk, More Venezuelan Supply
Investors rushed to lock in oil prices at record levels in January amid concerns around Iranian crude supplies and more Venezuelan barrels heading to the U.S. Gulf Coast. Get the…
Oil Falls More Than 2% on Easing Supply Concerns After US, Iran Agree to Talks
Summary US, Iran prepare for talks on Friday About a fifth of global oil consumption passes through Strait of Hormuz Volatility leads to record WTI Midland contracts in January Brent…
Philippines To Add 422 MW Floating Solar Capacity Through $406 Million SunAsia-VinEnergo Partnership
