SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Targa Resources Corp. Reports First Quarter 2024 Financial Results
HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income …
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Shell Smashes Forecasts with $7.7 Billion Quarterly Profit
Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …
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OPEC+ Could Extend Oil Cuts, Formal Talks Yet to Start
Summary OPEC+ meets on June 1 Voluntary cuts of 2.2 mln bpd are in place until end-June ‘Good chance’ OPEC+ will extend, Energy Aspects says LONDON/MOSCOW, May 2 (Reuters) – OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but …
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Superior Energy Services Announces First Quarter 2024 Results and Conference Call
HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ended March 31, 2024. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on May 6, 2024. For the first quarter of 2024, the Company reported net income from …
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Oil Prices Rebound After Closing at Seven-Week Low
(Reuters) – Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude futures for July gained 58 cents, or 0.7%, to $84.02 a barrel by 1130 GMT. U.S. West Texas Intermediate (WTI) crude for June was up 47 cents, or 0.6%, at $79.47. Prices …
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Pacific Energy in Talks With NextDecade, Tellurian on US LNG
Bloomberg Pacific Energy is in talks with Tellurian Inc. and NextDecade Corp. for natural gas cargoes from planned export terminals along the US Gulf Coast, according to people familiar with the matter. The discussions involve liquefied gas to be produced at Tellurian’s proposed Driftwood LNG project in Louisiana and NextDecade’s Rio Grande terminal in Texas, said …
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Japan is Opening Coal Plants, Not Closing Them
The Dog Ate Japan’s Plan to Phase Out Coal Power By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. With blistering speed, the rich countries that built their wealth on coal-powered industrialization are turning their …
U.S. State Dept Says Oil Service Firm SLB Not Violating Russia Sanctions
(Reuters) – The U.S. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been told what Washington is willing to accept, Assistant Secretary of State Geoffrey Pyatt told Reuters in an interview on Wednesday. “I have had conversations with the CEO of that company… I think there …
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