Oilfield services companies say they’re navigating short-term uncertainty and maintaining long-term confidence while tariffs and increased OPEC production could increase costs up to 4% onshore and 14% offshore.
Beyond Speed to True Value
NextEra Energy CEO John Ketchum put the renewable energy unit’s exposure to tariffs at less than $150 million through 2028 on more than $75 billion in expected capex.
With new machines from Ford, GM and others, Tesla’s share of the US EV market has slid. By Kyle Stock When Artie R. Williams decided it was time to kick his gas habit, he narrowed his search to three options: the Cadillac Optiq, a Porsche Macan EV and the Polestar 3. — none of which …
As Tesla Falters, These New EVs Are Picking Up the Pace Read More »
By Weilun Soon The US’s campaign to impose “maximum pressure” on Iran’s economy now includes the Islamic Republic’s liquefied petroleum gas exports, as Washington broadens its focus beyond crude oil. The Treasury Department on Tuesday sanctioned Iranian national Seyed Asadoollah Emamjomeh, who’s known to ship liquefied petroleum gas and crude oil from the country to …
US Widens Sanctions on Iran to Target Lucrative Gas Exports Read More »
By Arathy Somasekhar Marketing of the ships indicates Chevron will not load all cargoes this month One Venezuelan crude cargo still pending return Vessels chartered by Vitol, Reliance and Maurel & Prom departing on schedule HOUSTON, April 23 (Reuters) – Some tankers Chevron had chartered to move crude from Venezuela to the United States this …
Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business Read More »
The CO2 from Calpine Corp.’s cogeneration facility will tie into Exxon Mobil’s CO2 pipeline system on the Gulf Coast for sequestration and enhanced oil recovery purposes.
By Arathy Somasekhar and Mrinalika Roy Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot for Baker HOUSTON, April 23 (Reuters) – U.S. oilfield service provider Baker Hughes (BKR.O) on Wednesday forecast steeper drops in spending …
Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand Read More »
By Nicole Jao Investors keep focus on impact from Trump’s sweeping tariffs Analysts expect top refiners to report lower Q1 profits Earnings under pressure due to heavy maintenance, unplanned outages in Q1 Refining margins showed signs of improvement Trade wars dent refined product demand outloook NEW YORK, April 23 (Reuters) – Investors are expecting top …
US Oil Refiners’ Q1 Profits Likely Fell Despite Stronger Margins Read More »
California and Uinta producer Berry Corp. announced steps to strengthen its hedge book and liquidity during a period of market volatility.
