Expand’s Dell’Osso: E&Ps Show ‘Unusual’ Discipline with $4 NatGas Strip
Haynesville Shale’s largest gas producers are displaying restraint with a $4/Mcf forward curve. “That’s really unusual,” said Expand Energy CEO Nick Dell’Osso.
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World Bank Energy Financing Expansion Endorsed by Development Committee
The World Bank’s steering committee on Friday endorsed the lender’s plans to explore options to expand energy access, including potential financing for nuclear energy, in a move in line with directives to broaden energy financing by U.S. President Donald Trump’s administration. A statement from the World Bank and International Monetary Fund joint Development Committee called …
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Amplify Energy Cancels PRB, D-J Deal on ‘Extraordinary Volatility’
Amplify Energy terminated an acquisition of oil-weighted assets in the Powder River and Denver-Julesburg basins from Juniper Capital after Amplify’s stock fell 58% since the deal was announced.
SLB Sees Short-Term Softening, Long-Term Rebound in Oil & Gas
SLB Ltd. says customers are likely to behave cautiously amid global trade concerns this year, but the future looks brighter in the long term.
Dividends Declared Week of April 21
With first-quarter 2025 earnings underway, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Energy Transition in Motion (Week of April 25, 2025)
Here is a look at some of this week’s renewable energy news, including new technology intendent to help strengthen the U.S. battery materials supply chain.
Ring Energy Slashes 2Q Capex by 50% After Oil Price Collapse
Permian E&P Ring Energy is cutting spending and prioritizing debt reduction with oil prices hanging around $65/bbl.
US Drillers Add Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count rose by two to 587 in the week to April 25. Despite this week’s rig increase, Baker Hughes said the total count was still down 26, or 4% below this time last year.
Lyondell Houston Refinery Ceased Operations in February, Company Says
(Reuters) – Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. Reuters reported on Feb. 7 the company completed the shutdown of the refinery. Lyondell first announced plans in 2023 to shut the refinery, which has been in operation …
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Activist Investor Elliott Pushes for Change in BP Strategy Chief and Structure
(Reuters) – Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source familiar with the situation said on Friday. Elliott holds a stake of a little more than 5% in BP, the strategy, sustainability and ventures arm …
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