VIEW PDF VERSION HERE After Years of Reliable Service, Your Caterpillar 3500 Or 3600 Gas Compression Engine Fails. What’s The Next Step? Do You Rebuild or Invest in A New Unit? Every decision-maker battles this balance: cost versus benefits, budget and timing. A comprehensive, cost-effective rebuild can restore your existing engine to like-new condition. A …
U.S. crude oil production will rise to 13.21 million barrels per day (bpd) in 2024 the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday, which lowered expectation for U.S. crude growth by 120,000 bpd. The EIA projected that crude production will rise by 170,000 bpd this year; down …
U.S. Crude Production to Rise to 13.21 Million Bpd in 2024 – EIA Read More »
U.S. natural gas production and demand will rise to record highs in 2024, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected dry gas production will rise to 104.37 billion cubic feet per day (bcfd) in 2024 and 106.46 bcfd in 2025 from a record …
U.S. Natgas Output and Demand to Hit Record Highs in 2024 – EIA Read More »
U.S. natural gas futures slid about 3% to a nine-month low on Tuesday as output slowly rises, the amount of gas flowing to liquefied natural gas (LNG) export plants declines and on forecasts for lower demand this week than previously expected. Prices fell even though the latest forecasts called for colder weather and more heating …
U.S. Natgas Prices Slide 3% to Nine-Month Low on Rising Output, Lower Demand Read More »
Tellurian is exploring the sale of its Haynesville upstream business, the liquefied natural gas (LNG) firm said on Tuesday, as it looks to raise capital for its Driftwood LNG project. The company has been trying to develop a 27.6 million metric-tons-per-annum LNG plant, which has suffered multiple delays, in Lake Charles, Louisiana, and earlier said …
Tellurian Explores Sale of Upstream Business to Finance Driftwood LNG Read More »
MOL says efforts to charter or sell ice-breakers face curbs Operator Novatek PJSC already forced to delay maiden voyage The delivery of specialized ships to a new Russian liquefied natural gas facility is being upended by US sanctions, according to Mitsui OSK Lines Ltd., threatening exports. The Japanese shipping line can no longer charter the three ice-breaker …
U.S. Sanctions Halt Delivery of New Vessels to Russian LNG Plant Read More »
Firms fret reestablished links with US suppliers may be halted January oil output rose 22% from prior year as sanctions eased Venezuelan President Nicolás Maduro is betting the US won’t revive all of its sanctions as he backslides on a promise of free elections. Inside the nation’s oil industry, local operators are worried he’s wrong. Oil and …
Venezuela Oil Industry Fears Losing Ground if U.S. Revives Sanctions Read More »
By Javier Blas Big Oil has delivered a set of remarkable earnings. Without fanfare, ExxonMobil Corp., Chevron Corp. and Shell Plc all did in the fourth quarter what they’d promised: Start new oil and gas projects; cut costs; return lots of money to shareholders. It’s a model for the notoriously boom-and-bust industry. Together, the three …
Exxon, Chevron and Shell Deliver a Cash Gusher for Investors Read More »
Fourth-quarter revenue of $943.6 million decreased 4% year-over-year, flat sequentially Fourth-quarter net income attributable to ChampionX of $77.2 million increased 14% year-over-year, and decreased 1% sequentially Fourth-quarter adjusted EBITDA of $198.1 million increased 10% year-over-year, flat sequentially Fourth-quarter cash from operating activities of $169.0 million and free cash flow of $139.8 million Full-year net income attributable to ChampionX of $314.2 million increased 103% year-over-year Full-year adjusted EBITDA of $771.2 million …
TULSA, OK, Feb. 05, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively “Henry”) for total consideration of approximately …
