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(Reuters) – U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics. BIG TECH As a candidate for California attorney general, Harris reportedly assured potential donors that she was “a capitalist.” She has generally been seen as …
By Vera Eckert EnBW and subsidiaries to take part in national plan Pipeline group FNB has submitted overall plan to regulator Regulator expected to give approval in two months Aim is for construction to begin next year FRANKFURT, July 23 (Reuters) – EnBW (EBKG.DE) will invest 1 billion euros ($1.09 billion) in Germany’s planned national …
EnBW to Invest 1 bln Euros as Germany’s Hydrogen Grid Takes Shape Read More »
Fires burn close to 388,000 barrels a day of oil production Jasper National Park is evacuated due to wildfire threat Wildfires in Canada’s energy-producing Alberta province are threatening almost 10% of the region’s oil production and forcing the evacuation of one of the country’s largest national parks during the peak summer tourist season. Hot weather …
Canadian Wildfires Threaten Oil Output, Prompt Evacuations Read More »
$983 million cash and stock transaction expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per share Complements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipment …
Archrock to acquire Total Operations and Production Services, LLC Read More »
As California attorney general, Harris had sued oil companies She’s been more critical of fracking, offshore oil than Biden As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change. Now, with the vice president suddenly …
Harris Seen as Tougher Oil Industry Opponent Than Biden Read More »
The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.The tightness will hold for most of the third quarter, the bank said in a note dated on Friday, but equilibrium will return by the fourth quarter, “when seasonal …
Oil Market Likely to be in Surplus Next Year, Morgan Stanley Says Read More »
Summary SLB, Halliburton warn of weak North America activity SLB shares up 3.4%, Halliburton shares down 4.9% North America activity to trough in H2 2024 – Halliburton CEO SLB sees strong growth in Middle East, Asia (Reuters) – Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global …
Oilfield Services Firms SLB, Halliburton Post Profit Gains on Global Demand Read More »
(Reuters) – Colombia’s Ecopetrol (ECO.CN), opens new tab is in talks with U.S. oil producer Occidental Petroleum (OXY.N), opens new tab to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6 billion, the North American company said on Friday. Ecopetrol, Colombia’s majority state-owned energy company, said it … …
Colombia’s Ecopetrol in Talks to Buy $3.6 bln CrownRock Stake From Occidental Read More »
SLB and Halliburton See Strong International Oilfield Demand Companies meet or exceed earnings per share expectations Oilfield service firms are shifting into overseas markets SLB and Halliburton Co., two of the world’s biggest oilfield service providers, said they see strong international demand for crude drilling after posting earnings that met or exceeded expectations, supporting their shift into …
SLB and Halliburton See Strong International Oilfield Demand Read More »
A federal court in Alaska overturned on Tuesday night an oil and gas lease sale that had been mandated by the Biden administration’s signature climate law as part of a political compromise, on grounds that the U.S. government violated the law when holding the sale. This ruling affects a lease sale held in December 2022 …
U.S. Court Overturns Alaska Oil Lease Sale in a Win for Environmentalists Read More »
