Houston Natural Resources to Rebrand to Cunningham Natural Resources
Now rebranded as Cunningham Natural Resources Corp., the company will continue its focus on traditional oil and gas opportunities and energy transition materials.
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Over 23% of Crude Oil Production Shut in US Gulf of Mexico Due to Hurricane Rafael
(Reuters) – Over 23% of crude oil production and 10% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Friday. Energy producers had shut in 408,830 barrels per day of oil production and nearly 201 million cubic …
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Trafigura Signs NatGas Supply Agreement with NuVista
Under the agreement, NuVista Energy will supply Trafigura with 21,000 MMBtu/d of natural gas for up to thirteen years, starting Jan. 1, 2027.
Trump Considering Doug Burgum as New ‘Energy Tsar’ to Slash Regulations, FT Reports
(Reuters) – President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new “energy tsar”, the Financial Times reported on Friday. Burgum is Trump’s preferred candidate for the role, the newspaper reported citing people familiar with the discussions, adding that former energy secretary Dan Brouillette is also a contender. The new energy …
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EOG Resources Set to Boost Shareholder Returns
(Reuters) – EOG Resources said on Friday its debt levels in the near term would put the oil and gas producer in a position to allocate more than 100% of free-cash-flow for shareholder returns. Shares of the company rose 4.8% to $132.54 in afternoon trade. The company said it would raise its debt balance to …
US Oil and Gas Rig Count Holds Steady for Record Third Week – Baker Hughes
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes’ data going back to 1987. The oil and gas rig count, an early indicator of future output, was steady at 585 in …
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Energy Transition in Motion (Week of Nov. 8, 2024)
Here is a look at some of this week’s renewable energy news, including a solar panel deal involving a 5-gigawatt solar module facility south of Dallas.
Oil and Gas Stocks Revel in a Post-Election Trump Bump
Oil and gas company stocks, particularly those of E&Ps and oilfield services, enjoyed a boost immediately following the presidential election of Donald Trump.
US Oil, Gas Rig Count Holds Steady for Record Third Week
The oil and gas rig count was steady at 585 in the week to Nov. 8, Baker Hughes said on Nov. 8. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year.
Dividends Declared Week of Nov. 4
Here is a compilation of dividends declared from select upstream and midstream companies in the week of Nov. 4.