Exxon Mobil Shuts Some North Dakota Oil Wells Due to Wildfires
Exxon Mobil shut oil wells and production sites in North Dakota due to multiple wildfires.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.
Montauk Renewables, Emvolon Partner on Biogas-to-Methanol Project
The Texas project is designed to produce up to 15,300 gallons of green methanol per year, Emvolon and Montauk Renewables said.
Smart Tech Moves to the Hazardous Frontlines of Drilling
In the quest for efficiency and safety, companies such as Caterpillar are harnessing smart technology on drilling rigs to create a suite of technology that can interface old and new equipment.
Investor Returns Keep Aethon IPO-ready
Haynesville producer Aethon Energy is focused on investor returns– additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.
Baker Hughes Lands Largest Integrated Compressor Line Order in Company’s History
Baker Hughes Integrated Compressor Line (ICL) technology to enhance gas swing storage capacity as part of the United Arab Emirates decarbonization strategy Scope includes 10 ICL units to be installed at Margham Gas storage facility in the Emirate of Dubai HOUSTON and LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy …
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US Natgas Prices Hold Near 1-week Low Ahead of Hurricane Milton
Lower output and higher demand forecasts offset expectations Hurricane Milton could cause millions of homes and businesses to lose power in Florida later this week.
The Oil Market’s Bumper Volatility Won’t Go Away Anytime Soon
A week is a long time in the oil market. When traders hit their desks last Monday, Brent crude was trading closer to $70 a barrel. Their concerns largely centered on shaky supply-and-demand balances next year and additional OPEC+ barrels in the coming months. But events in the Middle East have since sent prices into overdrive near …
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Chevron, in Hess Holding Pattern, Sells $6.8B in Alaska, Canada
Chevron Corp., waiting to close a $55 billion takeover of Hess Corp., is selling off non-core assets in Canada and Alaska.
Oil Rally Pauses as Investors Await Israeli Response
Summary Concern over potential oil supply disruption eases China ‘fully confident’ it will meet full-year economic targets US API inventory data due at 2030 GMT (Reuters) – A rally in oil prices took a break on Tuesday as the market waits for Israel’s response to last week’s Iranian rocket attacks that triggered a price surge …
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