Auto Added by WPeMatico
Exxon, Chevron, Shell, BP post production gains as crude drops OPEC plans to add barrels to the market starting in December Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its allies are preparing to increase the supply of crude into the global market. The …
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost Read More »
Chemical maker LyondellBasell Industries on Friday detailed its long-announced plan to permanently shutter its 263,776 barrel-per-day (bpd) Houston oil refinery in the first quarter of 2025. The planned closing marks the latest in a wave of U.S. refinery closures as motor fuel demand is expected to peak this decade and decline under pressure from renewable …
Another U.S. Oil Refinery to Vanish with Lyondell Houston Plant Closing Read More »
(Reuters) – U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins. The two focused on expanding oil and gas production as rivals BP and Shell spent heavily on wind, solar and renewables that …
Exxon, Chevron Top Q3 Profit Expectations as US Oil Output Hits Record High Read More »
(Reuters) – U.S. exports of liquefied natural gas in October rose to the third highest level this year as cooler weather, one extra day of shipments and no major outages boosted output, data from financial firm LSEG showed. Output hit nearly 7.56 million metric tons (MT) in October, up 4% from September’s 7.26 MT. September’s …
HOUSTON/MARACAY, Nov 1 (Reuters) – Venezuela’s oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA. The increase happened despite a large storage terminal fire last month, …
Venezuela’s Oil Exports Hit a 4-Year Peak on Higher Output, Sales to US, India Read More »
(Reuters) – U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held at 585 to Nov. 1. Baker …
US Oil and Gas Rig Count Unchanged This Week, Baker Hughes Says Read More »
(Reuters) – Enbridge posted a more than twofold jump in its third-quarter profit on Friday, as the Canadian pipeline operator benefited from steady oil demand. Data from the U.S. Energy Information Administration showed that total U.S. oil consumption rose in July to the highest seasonal level since 2019. Demand for gasoline was also at the highest seasonal levels …
Pipeline Operator Enbridge’s Q3 Profit More Than Doubles on Steady Oil demand Read More »
Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter. The province of Neuquen, where the assets are located, has …
Exxon Agrees to Sell Argentina Shale Oil Assets to Pluspetrol Read More »
Harris and Trump have both touted the promise of lower energy bills while campaigning for president — but they’ve laid out starkly different visions for how to get them. The outcome of next week’s US presidential election is poised to have profound implications for a handful of multi-billion-dollar energy projects. Republican Donald Trump, who has …
As America Votes, These Big Energy Projects Hang in the Balance Read More »
(Reuters) – Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer Tellurian Inc, which put itself on …
Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project Read More »
