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The U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for U.S. domestic oil growth in 2024 by 90,000 barrels, but lowered its forecast for global oil production growth due to production cuts from OPEC+. U.S. crude oil production will rise by 260,000 barrels per day (bpd) to 13.19 million bpd this year, the …
U.S. Raises Crude Production Growth Forecast for 2024 Read More »
U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday. In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the …
U.S. Leads Global Oil Production for Sixth Straight Year – EIA Read More »
(Reuters) – EQT Corp has decided to buy back its former unit Equitrans Midstream in an all-stock deal to create an integrated natural gas provider valued at more than $35 billion, the companies said on Monday. Shares of Equitrans jumped more than 8% in premarket trading, while EQT was down about 1%. Under the terms of …
EQT, Equitrans Midstream to Merge to Create $35 Billion Firm Read More »
Expect Solid 2023 Results and Strong Start to 2024 Announces Recent Dismissal of Class Action Litigation Enhancing Investor Communications with Hiring of Energy-Focused IR Firm – Al Petrie Advisors LONGMONT, Colo., March 11, 2024 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV) (“Enservco” or the “Company”), a diversified national provider of specialized well-site services …
Summary Profit drops by nearly a quarter Base dividend up 4% year on year Capex seen at $48-58 bln in 2024 Share sale is govt decision – CFO DUBAI, March 10 (Reuters) – Saudi Arabia’s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices …
Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit Read More »
Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals. On Wednesday, Exxon filed an arbitration claim that could block Hess’ proposed merger with Chevron. …
Chevron’s CEO Faces Challenges of a Lifetime With Hess Bid Read More »
(Reuters) – Electric utility Xcel Energy said on Thursday its facilities were involved in an ignition of the Smokehouse Creek fire in Texas. But the company denied “claims that it acted negligently in maintaining and operating its infrastructure”. The Smokehouse Creek Fire has killed at least two people and grown into the largest wildfire in state history …
Xcel Energy Says its Facilities Were Involved in Smokehouse Creek Fire in Texas Read More »
U.S. natural gas output fell about 7% over the past month as producers scaled back production following a collapse in prices to a 3-1/2-year low. Gas prices are down about 23% so far this year, after plunging 44% in 2023, as record production and weak demand from a mild winter left storage facilities at well …
U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse Read More »
The nation is seeking to exploit the energy transition by boosting LNG production. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The energy transition will eventually be a zero-sum game — for …
Qatar’s Gas Push Has a Hidden Motive – Murdering Coal Read More »
U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA) on Thursday. Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after Russia’s invasion of Ukraine, contributing to the accumulation …
Record U.S. Oil and Gas Production Keeps Prices Under Pressure: Kemp Read More »
