(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.1 billion cubic feet per day (bcfd) in 2024 to 104.6 bcfd in 2025 and 107.3 …
US NatGas Output and Demand to Hit Record Highs in 2025, EIA Says Read More »
(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 internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new chief performance officer, it …
Oilfield Services Company SLB Reorganizes, Expects More Job Cuts, Source Says Read More »
BP will cut performance-related bonuses for its senior leaders to 45% after the company missed some of its financial goals in 2024.
The funding, made via Hy24’s Clean Hydrogen Infrastructure Fund, will go toward StormFisher Hydrogen’s efforts to produce clean fuel in North America.
Serving as the projects’ owner’s engineer and technical advisor, Black & Veatch will review and provide technical advice, construction monitoring, schedule tracking.
(Reuters) – Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil …
OPEC Takes Long-Term View of Global Oil Markets, Aims for Stability Read More »
(Reuters) – Texas oil, gas and industrial groups on Tuesday asked the new EPA administrator to speed up Texas’ request to approve carbon capture and storage projects instead of the federal government, to help boost private investment and unleash capture technology. The six groups, including the Texas Oil and Gas Association and the Texas Association …
Texas Industry Urges EPA to Allow State to Approve Carbon Storage Projects Read More »
By Arunima Kumar BP’s annual profit drops to $8.9 bln Elliott’s stake raises pressure for board and strategy changes Q4 profit fell 61%, weakest since 2020 Lower refining margins hit Q4; weak margins expected ahead Feb 11 (Reuters) – BP (BP.L), opens new tab CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company’s …
BP Pledges Strategy Reset as Annual Profit Falls by a Third Read More »
Venture Global LNG continues to ramp up operations at its newest LNG export terminal.
Oklahoma-based Momentum AI says its model helps drillers avoid fracture-driven interactions.
