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*Chevron’s triple-frac cuts well completion time by 25% *Technique reduces costs per well by 12% *Triple-frac requires 60% more water and sand per day By Sheila Dang2 HOUSTON, April 9 – U.S. oil major Chevron plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a …
Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time Read More »
U.S. Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, a source familiar with the matter told Reuters. The trip, which will also include visits …
US Energy Chief Chris Wright Heads to Middle East for Nearly Two weeks Read More »
Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have been excluded. The baseline of 10% on all imports to the United States, and higher for many major trading partners, won’t apply to crude oil, natural gas and refined products, the White House said on Wednesday. …
Trump’s Tariffs Already Have a Major Carve-Out – Oil and Gas Read More »
Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to develop, executives detailed during the CERAWeek conference in Houston. AI took center stage in many sessions at the world’s largest energy gathering. Oil producers are seeking ways …
AI Leading to Faster, Cheaper Oil Production, Executives Say Read More »
Summary • Layoffs slow permitting for energy projects, affecting Trump’s agenda, officials say • Federal agencies crucial for energy permits face workforce cuts • Permitting delays impact oil and gas states like New Mexico and Alaska WASHINGTON, March 13 (Reuters) – The Trump administration’s mass layoffs of federal workers have slowed the government’s ability to …
The White House’s LNG-powered diplomacy will only expand in Trump’s second term. Ripping up old alliances and turning the post-World War II axis on its head would have been impossible for any previous American president because of the insatiable US thirst for imported energy. But the Trump White House is able to lean on an …
How Natural Gas Became America’s Most Important Export Read More »
U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners. The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live …
Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration. The pipeline was first proposed in 2008 to bring oil from Canada’s Western tar sands to …
Trump Says he Wants Keystone XL Pipeline to be Built Read More »
HOUSTON, Feb 12 (Reuters) – Chevron (CVX.N), opens new tab will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production …
Chevron to Lay Off 15% to 20% of Global Workforce Read More »
Summary • Beijing slapped 10% tariffs on U.S. crude imports after U.S. levies imposed • U.S. crude export growth stalled in 2024, rising just 0.6% • Medium-sour crude exports to China may stay in U.S. refineries (Reuters) – China’s retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for …
China’s Retaliatory Tariffs on Crude Likely to Push US Exports Lower in 2025 Read More »
