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OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction …
(Reuters) – Over 300,000 homes and businesses in Texas were without power on Monday as Category 1 hurricane Beryl made landfall, according to data from PowerOutage.us. Hurricane Beryl made landfall near Matagorda, Texas, but was forecast to weaken later on Monday and Tuesday as it moves inland. CenterPoint Energy, which supplies nearly 2.6 million customers, …
More Than 300,000 Homes Without Power in Texas Due to Hurricane Beryl Read More »
HOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on Monday, with threats from the powerful storm forcing the closure of key oil and gas shipping ports, slowing refining and prompting the evacuation of some production sites. Beryl, which made landfall near Matagorda, Texas, packing maximum sustained winds of 80 …
Texas Energy Industry Braces for Beryl as Storm Makes Landfall Read More »
Tropical Storm Beryl is expected to have little impact on U.S. offshore oil and gas production, energy companies said on Friday while evacuating personnel from some facilities out of caution. Beryl was downgraded from a hurricane and shifted over Mexico’s Yucatan Peninsula with maximum sustained winds dipping to 70 mph (113 kph), the U.S. National …
Tropical Storm Beryl to Have Little Impact on U.S. Offshore Oil Output Read More »
July 5 (Reuters) -U.S. energy firms this week added oil and natural gas rigs for the first time in seven weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four to 585in the week to …
US Drillers Add Oil and Gas Rigs for First Time in 7 Weeks, Baker Hughes Says Read More »
Gaining a foothold in the refining industry gives traders more options when deciding where to send certain oil grades Bloomberg News Commodities traders flush with cash are buying oil refineries that energy majors are increasingly turning their back on. It’s one of the areas where trading houses — who have long coveted the refining and distribution assets …
Energy Traders are Snapping Up Refineries Away From Big Oil Read More »
(Reuters) – Oil prices were little changed on Friday, trading near their highest since late April and on track for a fourth straight week of gains, driven by hopes of strong summer fuel demand and some supply concerns. Brent crude futures was up 11 cents, or 0.13%, at $87.54 a barrel by 0817 GMT. U.S. …
Oil Prices on Track for Fourth Straight Week of Gains Read More »
(Reuters) – U.S. crude shipments bound for Europe fell to a two-year low in June as European buyers bought cheaper regional and West African oil, traders and analysts told Reuters. Exports of U.S. crude to Europe slowed to 1.45 million barrels per day (bpd) last month, the lowest for any month since July 2022, according …
U.S. Crude Exports to Europe Hit Two-Year Low in June Read More »
Chevron Corp said on Thursday that non-essential personnel from its Gulf of Mexico facilities, including workers at its Anchor platform, are being removed due to approaching Hurricane Beryl. Production from Chevron-operated assets in the Gulf of Mexico remains at normal levels, the company said. (Reporting by Anushree Mukherjee in Bengaluru; Editing by Bill Berkrot)
Green innovators too advanced for venture capital but not advanced enough for infrastructure investors are falling through the cracks — and time is running out. An employee in front of a steel furnace at BlueScope Steel Ltd. Port Kembla steelworks in Australia. Photographer: Brent Lewin/Bloomberg By Alastair Marsh Accelerating climate change is forcing humanity to reimagine …
Climate Tech’s Dangerous Trek Across the ‘Valley of Death’ Read More »
