US Drillers Cut Oil, Gas Rigs for Second Week
The oil and gas rig count fell by two to 540 in the week to August 1, the lowest since October 2021.
Sempra, Jera Announce 1.5-mtpa LNG Deal
Sempra Infrastructure and Jera’s contract finalizes an HOA announced with national fanfare in June.
How Moscow Might Respond if Trump Stops Russian Oil to India
(Reuters) – U.S. President Donald Trump’s demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India, the world’s third largest oil importer, has become the biggest buyer of Russian oil …
How Moscow Might Respond if Trump Stops Russian Oil to India Read More »
Exxon Beats Profit Estimates With Higher Production Despite Weak Oil Prices
(Reuters) – Exxon Mobil, the United States’ biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices. Oil and gas production was the highest for any second quarter since the merger of Exxon and Mobil formed …
Exxon Beats Profit Estimates With Higher Production Despite Weak Oil Prices Read More »
Chevron Beats Wall Street Profit Estimates With Record Output
(Reuters) – Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped to offset the impact of lower crude prices. The No. 2 U.S. oil major last month headed off a legal challenge from the biggest U.S. producer Exxon Mobil enabling it to close its …
Chevron Beats Wall Street Profit Estimates With Record Output Read More »
COMMENTARY: ‘Tariffs – Use This Version, Please’ – Stella Qiu
(Reuters) – A look at the day ahead in European and global markets from Stella Qiu: It is tariff deadline day and President Donald Trump delivered by slapping fresh levies on imports from dozens of countries, including those that do not have a trade deal yet. Rates were set at 35% for Canada, 25% for …
COMMENTARY: ‘Tariffs – Use This Version, Please’ – Stella Qiu Read More »
ExxonMobil Announces Second-Quarter 2025 Results
Delivered industry-leading results, earnings of $7.1 billion and cash flow from operations of $11.5 billion1 Returned industry-leading $9.2 billion to shareholders, on pace to purchase $20 billion in shares this year2 Repurchased approximately 40% of shares issued to acquire Pioneer Natural Resources since May 2024 Commenced start-up of Singapore Resid Upgrade, Fawley Hydrofiner and Strathcona …
ExxonMobil Announces Second-Quarter 2025 Results Read More »
Chevron Reports Second Quarter 2025 Results
Reported earnings of $2.5 billion; adjusted earnings of $3.1 billion Record production; 1 million BOE per day in the Permian Basin Returned $5.5 billion cash to shareholders; 13 straight quarters of over $5 billion Completed acquisition of Hess Corporation in July HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) reported earnings of $2.5 billion ($1.45 per share – diluted) …
OPEC+ Seen Further Raising Oil Production on Sunday, Sources Say
(Reuters) – OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that the producer group was still debating the final size of the increase for September. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market. But …
OPEC+ Seen Further Raising Oil Production on Sunday, Sources Say Read More »
Fluor Joint Venture Awarded Front End Engineering and Design for Proposed Second Phase of LNG Canada Facility in British Columbia
IRVING, Texas–(BUSINESS WIRE)–#EnergySolutions—Fluor Corporation (NYSE: FLR) announced today that its Joint Venture (JV) with JGC Corporation has been awarded the contract to update the Front End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility located on the traditional territory of Haisla Nation in Kitimat, British Columbia, Canada. Fluor recognized …