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Phillips 66 denied allegations it engaged in information theft and is weighing its legal options. A California jury reached its decision the same day Phillips 66 announced the closure of a Los Angeles-area refinery.

Liberty Energy capitalized on its “competitive edge” when navigating a challenging demand environment in third-quarter 2024, CEO Chris Wright said in the company’s quarterly earnings call.

Private E&P Hilcorp Energy will pay a $9.4 million civil penalty stemming from natural gas fracking operations in New Mexico’s San Juan Basin.

Here is a look at some of this week’s renewable energy news, including approval of a 2-gigawatt geothermal project in Utah.

Oil and Gas Investor assembled a group of seven oil and gas executives, policy advocates and other experts to talk about what’s really at stake in the November election and the many challenges facing the energy sector, regardless of who wins.

The oil and gas rig count fell by one to 585 in the week to Oct. 18. Baker Hughes said that puts the total rig count down 39 rigs, or 6% below this time last year.

Texas Capital has had to navigate trends impacting the financial markets, such as an emphasis on ESG and less-than-favorable equity markets, said Daniel Hoverman, Texas Capital’s head of corporate and investment banking, at ECC.