(Reuters) – U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs. U.S. President Donald Trump’s trade policy has heightened uncertainty in the energy industry, as the ensuing trade war is expected to curb global economic growth and, …
Baker Hughes Flags Tariff Impact on Full-Year Core Profit Read More »
(Reuters) – Willie Phillips, a Democratic commissioner on the U.S. Federal Energy Regulatory Commission, resigned on Tuesday, opening the way for President Donald Trump to nominate another member who would give the five-member panel a Republican majority. The resignation of Phillips, whose term had been set to go through June 30, 2026, allows Trump to …
Democrat Phillips Resigns From US Energy Regulatory Panel Read More »
(Reuters) – North Dakota oil prices are near breakeven levels, the state’s oil and gas regulator said on Tuesday, as a global trade war has stoked concerns of a recession and roiled energy markets. North Dakota is the third largest oil-producing state in the U.S., but its maturing oilfields require a higher oil price to …
North Dakota Oil Prices Near Breakeven Levels in Market Rout, State Regulator Says Read More »
(Reuters) – EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion. The company also beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices. The company reported an adjusted profit of $1.18 per share, for the quarter ended March …
EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion Read More »
Oklo CEO Jacob DeWitte is replacing Sam Altman as Oklo Inc.’s chairman of the board.
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
By Timothy Gardner WASHINGTON, April 22 (Reuters) – A Michigan nuclear reactor hoping to be the first in the United States to restart after permanent closure has received about 10% of $1.52 billion in U.S. financing approved during former President Joe Biden’s term, the Energy Department said on Tuesday. The department’s Loan Programs Office approved …
US Disburses Part of Loan to Michigan Nuclear Power Plant for Restart Read More »
By Shadia Nasralla April 22 (Reuters) – Activist investor Elliott Management has urged BP (BP.L) to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday. Elliott has increased its stake in BP …
Elliott Wants BP to Boost Free Cash Flow to $20 Billion by 2027, Source Says Read More »
By Ruth Liao Liquefied natural gas traders can make a better profit from selling US LNG cargoes in Asia than offering the fuel in Europe, an opportunity that opened up for the first time in seven months, according to data from analytics firm Spark Commodities. The US-to-Asia arbitrage window emerged following a series of production …
US LNG Headed to Asia Fetches More Than Cargoes to Europe for First Time in 7 Months Read More »
LNG company Venture Global will use the proceeds primarily on its Plaquemines facility.
