TotalEnergies and OQEP Break Ground on Middle East’s First Clean Energy LNG Bunkering Hub in Oman

Representational image. Credit: Canva TotalEnergies and OQ Exploration & Production (OQEP) officially broke ground on the Marsa LNG project in northern Oman’s Sohar Port on Thursday, marking a significant milestone…

Indonesia Could Unlock USD 150 Billion Through Shared Transmission Network for Renewable Energy

Representational image. Credit: Canva A groundbreaking report jointly released by RE100, the Institute for Essential Services Reform (IESR), and the Institute for Energy Economics and Financial Analysis (IEEFA) outlines a…

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

By May 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm…

Big Oil Earnings Show Split in Production Strategy, Shareholder Returns

By and Exxon and Shell maintain buybacks amid oil price slump Chevron and BP reduce buybacks due to market conditions Exxon benefits from Guyana oilfield, Chevron seeks entry HOUSTON/LONDON, May…

US Army Corps Targeting Fall Decision for Enbridge Line 5 Tunnel

By CALGARY, May 2 (Reuters) – The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge’s…

US EPA Plans to Reduce Staff to 1980s Levels, Dissolve Research Office

“This reorganization will bring much needed efficiencies to incorporate science into our rulemakings and sharply focus our work on providing the cleanest air, land, and water for our communities,” EPA…

Permian Basin Growth Fuels ExxonMobil’s Quarterly Success

First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices.  Despite…

Europe’s Natural Gas Prices Rise as China Hints at U.S. Trade Talks

European benchmark natural gas prices rose on Friday amid signals from China that it considers engaging in trade talks with the United States.  A de-escalation of the tensions drove markets…

Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2

Summary Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON,…

Exxon Beats Wall Street Profit Estimate, Boosted by Guyana and Permian Production

Summary Exxon on track to meet annual share repurchase target Lower-cost production in Permian, Guyana helps boost earnings Oil and gas production up from a year ago Shares rise about…