Enbridge Appoints Steven Williams to Chair of the Board
Enbridge has appointed Steven Williams to lead the board of directors following Pamela Carter’s retirement as chair.
Exxon to Raise Output to 5.4 mln boepd by 2030 From 4.3 mln, Exec Says
(Reuters) – Exxon Mobil expects to raise output to 5.4 million barrels of oil equivalent per day in 2030, up from 4.3 million boepd now, the company’s president of upstream said on Wednesday. The production areas that the company is focused on for growth are Guyana, top U.S. oilfield the Permian, and the liquefied natural …
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US Crude Inventories Rise, Fuel Draws Down Amid Ongoing Maintenance, EIA Says
(Reuters) – U.S. crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2 million barrels in the week ended March 7, the EIA said, compared with analysts’ expectations in a Reuters …
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Aethon: Haynesville E&Ps Hesitate to Drill Without Sustained $5 NatGas Prices
Operators are looking to the Haynesville to fill rising natural gas demand for U.S. LNG exports. Haynesville E&P Aethon Energy says producers need sustained higher prices to step up drilling.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
Gibson, Baytex Energy Enter Infrastructure Partnership in Duvernay
Baytex Energy, in partnership with Gibson Energy, is building midstream infrastructure in the Pembina Duvernay play that is expected to be completed by fourth-quarter 2025.
Continental Resources Signs JV to Explore Shale Oil, Gas in Turkey
Early evaluations from the joint venture between Continental Resources, Türkiye Petroleum and TransAtlantic Petroleum suggest ultimate recoverable reserves could reach 6 Bbbl of oil and 32 Tcf to 65 Tcf of gas.
US Natural Gas Prices Fall More Than 5% on Record Output, Milder Weather Outlook
U.S. natural gas futures fell more than 5% on Wednesday, driven by record production levels and predictions of milder weather over the next two weeks than previously expected, which could dampen heating demand and enable utilities to draw less gas from storage. Front-month gas futures for April delivery on the New York Mercantile Exchange were …
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Nabors Closes $370MM Parker Wellbore Acquisition
The acquisition of Parker Wellbore adds a large-scale, high performance tubular rental and repairs services operation in the Lower 48 and offshore U.S. to the Nabors portfolio.
Baker Hughes CEO: Expect ‘Volatility, Noise’ Around Energy Transition
Baker Hughes and Linde executives spoke about lower carbon resources such as hydrogen and geothermal, which will be part of the energy mix but unlikely to displace natural gas.