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US Oilfield Giants Brace for Tough Times as Price Slide Rattles Producers

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Top U.S. oilfield service firms have signaled a challenging period ahead as a recent slide in oil prices pushes producers to temper their drilling activity and rethink their budgets. SLB, Halliburton, and Baker Hughes all flagged cautious customer spending in their first-quarter reports, citing a lack of visibility, especially in North America. Higher …

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COMMENTARY: Making the Case for Industrial Freedom—Instead of Tariffs—on Donald Trump Jr’s Show

Energy Commentary, Energy Topics & Technology, Latest, US News / By

The case for improving our industrial capacity with industrial freedom, not tariffs. By Alex Epstein It’s important to have nuanced conversations about tariffs. Recently I had the opportunity to share my view on Donald Trump Jr.’s podcast, Triggered, which is that there are real problems with our industrial capacity, but the solution is industrial freedom, freer …

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US, Russia Explore Ways to Restore Russian Gas Flows to Europe, Sources Say

Conventional Energy, Latest, Natural Gas, US News / By

(Reuters) – With a frost covering Europe’s energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters. Europe slashed its imports of Russian gas following Moscow’s invasion of Ukraine in 2022, a …

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Nord Stream 2 Agrees to Debt Restructuring Deal, Court Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

(Reuters) – A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors. The court had set a of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors. The court had said …

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Enbridge Beats Q1 Profit Estimates on Mainline and Gas Distribution Growth

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Natural Gas, Oil, Pipelines, US News / By

(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not expected to materially impact its current operations. Canada is the leading supplier of imported oil to the United States, delivering about 4 million barrels per …

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Oil Set for Weekly Gain Ahead of US-China Trade Talks

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary • All eyes on May 10 US-China talks in Switzerland • OPEC April oil output edged lower, Reuters survey finds • China’s April exports exceed expectations (Reuters) – Oil prices rose more than 1% on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the United States showed …

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Texas Oil Drilling Applications Hit 4-Year Low as Producers Weigh OPEC+ Hike, Trade War

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil and gas drilling permit applications in Texas, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude prices. Operators in Texas submitted 570 new drilling permit applications in April, down …

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