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HOUSTON, April 26 (Reuters) – Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer …
Exxon Misses on Q1 Profit Despite Big Gains in Guyana Read More »
EQT Corp., the largest US producer of natural gas, is now taking output cuts through May as prices hover near four-year lows because of weak demand. The company also reduced its sales guidance for 2024. The move underscores that this year’s low natural gas prices aren’t sustainable for the industry. US gas futures have touched …
EQT Cuts Sales Guidance, Plans to Curtail Production Through May Read More »
FREMONT, Calif., April 23, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million …
Enphase Energy Reports Financial Results for the First Quarter of 2024 Read More »
FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Cash flow from operating activities of $332 million Cash flow from operations, before working capital changes, of $308 million Capital spending was $170 million, approximately 26% of the 2024 budget Pre-hedge …
HOUSTON, April 24 (Reuters) – Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so. While overall output is at record levels, the amount of oil recovered …
New Technology Helps U.S. Shale Oil Industry Start to Rebuild Well Productivity Read More »
New CEO Auchincloss seeks to simplify BP’s corporate structure Retiring gas and power chief Dotzenrath is replace by Lin BP Plc restructured its top management as the departure of some executives allowed new Chief Executive Officer Murray Auchincloss to put his mark on the oil and gas giant. The executive leadership team will be reduced to 10 members …
BP Reshapes Its Leadership Team as Some Executives Leave Read More »
(Reuters) – Abu Dhabi’s TAQA is in discussions with the three largest shareholders of Spanish energy firm Naturgy, it said on Wednesday, with a view to a possible full takeover bid for the company. Criteria, the main shareholder in lender Caixabank owns a 26.7% stake in Naturgy, which has a current overall market value of 22 billion …
Abu Dhabi’s TAQA Confirms Naturgy Shareholder Talks as it Eyes Full Takeover Read More »
The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas sector, a State Department spokesperson said, unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year. The U.S. has been concerned about Venezuela’s electoral process and …
April 15 (Reuters) – EQT said on Monday it would sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA Onshore Properties for $500 million in cash and some assets.
Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity. Drilling and business activity contracted for a fifth straight quarter and will likely continue to fall …
Oil and Gas Activity in U.S. Midwest, Rockies Fell in Q1, Kansas Fed Says Read More »
