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Trump Says Anyone Investing $1 Billion in U.S. Will Receive Expedited Permits

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U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the U.S. “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.” The statement, posted on his social media platform Truth Social, did not offer further details. Trump’s transition team …

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Ridgemar’s Owner Explores $1 Billion-Plus Sale of US Oil Producer

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The private equity owner of Ridgemar Energy is exploring a sale of the U.S. oil and gas producer that could value the company at more than $1 billion, including debt, people familiar with the matter told Reuters on Wednesday. Ridgemar, which is backed by Carnelian Energy Capital, is working with investment bankers at RBC Capital …

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Exxon CEO Pushes Back on Trump’s Anti-Climate Change Agenda

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Bloomberg News The chief executive of Exxon Mobil Corp. on Tuesday discouraged President-elect Donald Trump from withdrawing the US from the landmark Paris climate pact, arguing that would mean forfeiting a chance to push for “common sense” carbon-cutting policy on the world stage. “The way you influence things is to participate, not to exit,” Darren Woods said in an interview during …

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Oil Hedging Activity Hits Record in October as Traders Eye Market Risks

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Investors ramped up oil futures and options trading in October to record levels in a bid to hedge growing uncertainty as war rages on in the Middle East and a bearish 2025 supply and demand outlook looms, triggering big swings in crude prices. Hedging can help producers reduce risk and protect their production from sharp …

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Another U.S. Oil Refinery to Vanish with Lyondell Houston Plant Closing

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Oil, Refineries / By

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 …

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EQT Sees Data Centers and Coal Retirements Driving Natural Gas Demand

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EQT Corp projected data centers and coal plant decommissioning could boost natural gas demand by up to 10 billion cubic feet per day by 2030, the Appalachian basin-based natural gas producer said on a post-earnings conference call on Wednesday. Shares of the company were up more than 2% in afternoon trading, buoyed by an uptick …

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Oil Settles Up, Weekly Gain 4% as Investors Weigh Middle East Risk and US Election

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(Reuters) – Oil prices settled higher on Friday and gained 4% on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month. Brent crude futures settled up $1.67, or 2.25%, at $76.05 a barrel. U.S. West Texas Intermediate crude settled up $1.59, or …

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SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Exploration & Production, Latest, OFS-Oilfield Services, Oil, US News / By

Company expects to beat goal of $3 billion in investor returns Schlumberger is often a bellwether for oil and gas industry SLB headquarters in Houston.Photographer: Mark Felix/Bloomberg SLB, the world’s biggest oilfield services provider, warned that spending growth by oil explorers has waned in the past few months as customers take a cautious approach amid …

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Flowco’s Owners Prepare to Take Oilfield Services Firm Public in 2025, Sources Say

Energy Topics & Technology, EnergyNow News and Press Releases, Latest, OFS-Oilfield Services, US News / By

  The private equity owners of Flowco have kicked off preparations for an initial public offering of the oilfield services provider that could value it at as much as $2 billion and come as early as the first half of 2025, according to people familiar with the matter. Jefferies, JPMorgan Chase and Piper Sandler have …

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Opinion: Alberta is Still the Biggest Net Contributor to the Federation

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Despite Ottawa’s campaign against oil and gas, Alberta’s net payments to the federal government are five times those of B.C. and Ontario Tegan Hill and Spencer Gudewill , Special to Financial Post     Alberta’s provincial flag in Ottawa. Photo by Adrian Wyld/The Canadian Press files According to a recent poll by the Angus Reid Institute, nearly half of …

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