Dividends Declared Week of April 21
With first-quarter 2025 earnings underway, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Energy Transition in Motion (Week of April 25, 2025)
Here is a look at some of this week’s renewable energy news, including new technology intendent to help strengthen the U.S. battery materials supply chain.
Ring Energy Slashes 2Q Capex by 50% After Oil Price Collapse
Permian E&P Ring Energy is cutting spending and prioritizing debt reduction with oil prices hanging around $65/bbl.
US Drillers Add Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count rose by two to 587 in the week to April 25. Despite this week’s rig increase, Baker Hughes said the total count was still down 26, or 4% below this time last year.
Lyondell Houston Refinery Ceased Operations in February, Company Says
(Reuters) – Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. Reuters reported on Feb. 7 the company completed the shutdown of the refinery. Lyondell first announced plans in 2023 to shut the refinery, which has been in operation …
Lyondell Houston Refinery Ceased Operations in February, Company Says Read More »
Activist Investor Elliott Pushes for Change in BP Strategy Chief and Structure
(Reuters) – Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source familiar with the situation said on Friday. Elliott holds a stake of a little more than 5% in BP, the strategy, sustainability and ventures arm …
Activist Investor Elliott Pushes for Change in BP Strategy Chief and Structure Read More »
World Order at Risk, Warn US Security Experts
A panel of former State Department, National Security Council, National Intelligence Council and other officeholders expressed concern about the future of the U.S.’ relationships at CERAWeek by S&P Global.
RWE Halts US Offshore Wind Activity
The renewable energy producer’s move was taken as the offshore wind sector remains in U.S. President Donald Trump’s crosshairs.
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright reassured US oil companies that the turmoil from President Donald Trump’s trade war is short-term and the administration supports increased crude output. Wright predicted that the uncertainty will last only “a few more weeks” and that the administration is focused on making it cheaper and easier to pump crude and natural …
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War Read More »
US Refiner Phillips 66 Posts Bigger-Than-Expected Quarterly Loss on Lower Margins
(Reuters) – Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the U.S. refining sector. U.S. refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime …
US Refiner Phillips 66 Posts Bigger-Than-Expected Quarterly Loss on Lower Margins Read More »