Summary OPEC+ meeting keeps 2.2 mln bpd cuts -sources China reveals support measures after Evergrande liquidation Energy market remains ‘on edge’ over Middle East -analyst LONDON, Feb 1 (Reuters) – Oil prices edged higher on Thursday, boosted by the U.S. Federal Reserve signalling a possible start to interest rate cuts. There was limited immediate price …
Oil Buoyed by U.S. signals on Interest Rate Cuts Read More »
(Reuters) – United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-polluting power fuel, data from ship-tracking firm Kpler shows. The thermal coal export earnings were the second-highest since 2017, following 2022’s $5.7 billion. The total volumes were the …
U.S. Thermal Coal Exports Hit 5-Year Highs and Top $5 billion in 2023 Read More »
(Reuters) – Woodside should walk away from its proposed $57 billion merger with Santos rather than pay a premium for its smaller rival, a large shareholder said on Thursday, a sign of the deep divide between both sides over fair value. Fund manager Allan Gray Australia owns a roughly A$700 million ($460 million) stake in Australian …
Woodside Should Walk Away from Santos Deal, Large Shareholder Says Read More »
Summary Earnings drop by 30% from 2022 Lower energy prices, refining margins weigh Strong LNG trading boost Q4 2023 results Shell writes down $5.5 bln in quarter LONDON, Feb 1 (Reuters) – Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year’s record as energy prices and demand …
Shell Posts $28 Billion 2023 profit, Boosts Dividend Read More »
SHELL PLC 4TH QUARTER 2023 AND FULL YEAR UNAUDITED RESULTS SHELL PLC 4th QUARTER 2023 AND FULL YEAR UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTS Quarters $ million Full year Q4 2023 Q3 2023 Q4 2022 %¹ Reference 2023 2022 % 474 7,044 10,409 -93 Income/(loss) attributable to Shell plc shareholders 19,360 42,309 …
Midland, Texas, Feb. 01, 2024 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE: NGS), a leading provider of gas compression equipment, technology, and services to the energy industry, announced today the appointment of Justin Jacobs as Chief Executive Officer of NGS, effective February 12, 2024. The appointment concludes an extensive and thorough search process undertaken …
Natural Gas Services Group, Inc. Announces Justin Jacobs as Chief Executive Officer Read More »
U.S. crude production in November rose 0.6% to a new monthly record of 13.31 million barrels per day, as output in Texas and New Mexico notched records as well, the Energy Information Administration said on Wednesday. Crude production in Texas rose by 1.4% to 5.66 million bpd, a monthly record, while crude output in New …
U.S. Crude Production in November Rose to Monthly Record – EIA Read More »
Courtesy of Tulsa World In a sequel that absolutely no one wanted, the Osage Nation – whose fight in the 1900s over mineral land rights was depicted in the movie Killers of the Flower Moon – once again finds itself in the middle of a legal battle over energy rights a century later. This time, it’s all …
Norway’s government on Wednesday said it would appeal a court’s decision to invalidate three permits that the energy ministry had granted for the development of new offshore oil and gas fields. The Oslo District Court earlier this month ruled that the environmental impact had not been sufficiently assessed, after environmental campaign groups in November asked …
Norwegian Government Appeals Court Ruling Invalidating Oil, Gas Permits Read More »
U.S. oil refiners are expected to have about 1.8 million barrels per day (bpd) of capacity offline for the week ending Feb. 2, decreasing available refining capacity by 225,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to fall to 1.6 million bpd in the week ending Feb. 9, IIR added. …
U.S. Oil Refiners’ Weekly Capacity Seen Down 225,000 bpd – IIR Read More »
