Auto Added by WPeMatico
Cuts will come mainly in Pioneer’s Irving and Midland offices More than 1,900 Pioneer employees were offered Exxon roles Exxon Mobil Corp. plans to lay off 397 employees from Pioneer Natural Resources Co. after purchasing the Permian Basin operator for $63 billion earlier this year. The cuts representing almost 20% of Pioneer’s pre-merger staff will come in seven …
Exxon Plans to Cut Almost 400 Pioneer Jobs in Texas by 2026 Read More »
By Ross Kerber (Reuters) – The opinions expressed here are those of the author, a columnist for Reuters. A rare bright spot for environmentalists in last week’s U.S. election results came in Washington State, where voters easily defeated an attempt to end the state’s carbon market by a margin of 62% to 38%. Analysts said the result …
Carbon Markets Give Environmentalists Hope After U.S. Elections Read More »
Summary Statistics office conducts oil, gas investment survey 2024 forecast steady vs August, 2025 outlook raised Rising costs drive up price of new field developments (Reuters) – Investment in Norwegian oil and gas projects will rise to a record this year and may increase further in 2025 as inflation pushes up the costs of development, …
Inflation Pushes Norway’s Oil, Gas Sector to Record Investments Read More »
Summary Sees supply exceeding demand by over 1 mln bpd in 2025 IEA raises 2024 demand growth forecast by 60,000 bpd Leaves 2025 demand growth projection steady at 990,000 bpd (Reuters) – Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, …
World Faces Oil Surplus in 2025 on Weak Demand, IEA Says Read More »
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer Devon Energy’s chief executive officer told attendees at an energy conference in Dallas on Wednesday. That price forecast is within the range where U.S. crude has traded for much of the year. It settled at $68.43 …
Devon Energy Sees US Crude Oil at $60-$80 Per Barrel for Foreseeable Future Read More »
By Shariq Khan and David French NEW YORK, Nov 13 (Reuters) – The private equity owner of Ridgemar Energy is exploring a sale of the U.S. oil and gas producer that could value the company at more than $1 billion, including debt, people familiar with the matter told Reuters on Wednesday. Ridgemar, which is backed …
Ridgemar’s Owner Explores $1 Billion-Plus Sale of US Oil Producer, Sources Say Read More »
By Timothy Gardner and Vivian Sequera Stricter targeting of Iranian oil could be tempered by China concerns Trump will need to determine if sanctions can help achieve his goals Foreign ports, refineries processing Iran exports could be targeted WASHINGTON/CARACAS Nov 13 (Reuters) – President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of …
Trump Pick Rubio Could Harden Oil Sanctions on Iran, Venezuela Read More »
(Reuters) – Global oil demand will fall to around 80 million to 100 million barrels per day by 2035 in a net-zero environment, BP’s chief U.S. economist told an energy conference in Dallas on Wednesday. Crude oil demand is about 102 million barrels of oil per day now, and the forecast assumes renewables and more …
Oil Demand to Fall to 80-100 Million bpd by 2035, says BP’s US Chief Economist Read More »
Iran has made plans to sustain its oil production and export and is ready for possible oil restrictions from a Trump administration in the U.S., Oil Minister Mohsen Paknejad said on Wednesday, according to the oil ministry’s news website Shana. In 2018, then-U.S. President Donald Trump withdrew from a 2015 nuclear pact with Iran and …
Iran Ready for Possible Oil Export Curbs after Trump Election Read More »
U.S. oil and gas producer Coterra Energy said on Wednesday it would acquire certain assets of Avant Natural Resources and its affiliates and Franklin Mountain Energy in New Mexico for an aggregate consideration of $3.95 billion in cash and stock deals. The transactions are expected to close during the first quarter of 2025. The company …
Coterra Energy to Buy Oil and Gas Assets for $3.95 billion Read More »
