Auto Added by WPeMatico
Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said. SLB made a nearly $8 billion bid for ChampionX earlier this month to add new technology offerings, its …
U.S. natural gas futures fell about 2% to a more than two-week low on Monday, weighed down by lower demand forecasts for this week than previously expected due primarily to a drop in feedgas to the Freeport LNG export plant in Texas. Front-month gas futures NGc1 for April delivery on the New York Mercantile Exchange …
U.S. Natgas Futures Hit Over 2-Week Low on Lower Demand View Read More »
To install 17,000 delivery van chargers at 120 warehouses, the company had to be flexible, patient and spend a lot of money. Amazon’s Maple Valley, Washington, warehouse is built for speed. At night, big rigs pull up to one end to unload boxes and padded mailers – some after a short drive from a bigger …
How Amazon Became the Largest Private EV Charging Operator in the U.S. Read More »
(Reuters) – European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as …
Losing Hope of Rescue, Some European Solar Firms Head to U.S. Read More »
April 15 (Reuters) – EQT said on Monday it would sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA Onshore Properties for $500 million in cash and some assets.
Oil prices fall after Iran’s attack on Israel Summary Iran says it considers retaliation against Israel to be over Benchmarks had risen in anticipation of Iran’s attack Uncertainty remains over Israeli response (Reuters) – Oil prices drifted lower on Monday, with the market downplaying the risk of broader regional conflagration after Iran’s weekend attack on …
Oil Slips as Risk Premium Eases After Iran Attack Read More »
Operators in North Dakota’s Bakken oilfield reduced their rig count to 36 in April, down from 40 in March, marking the lowest number this year as a wave of consolidation has swept through the oil patch, state regulators said on Friday. “Their drilling budgets are disrupted especially if both are active in the Bakken. They …
North Dakota’s Rig Count Drops as Consolidation Sweeps Oil Patch Read More »
Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity. Drilling and business activity contracted for a fifth straight quarter and will likely continue to fall …
Oil and Gas Activity in U.S. Midwest, Rockies Fell in Q1, Kansas Fed Says Read More »
U.S. natural gas futures held near a two-week low on Friday on worries about a huge storage surplus and forecasts for lower demand over the next two weeks than previously expected due primarily to a drop in feedgas to the Freeport LNG export plant in Texas. Analysts forecast gas stockpiles were about 36% above normal …
U.S. Natgas Prices Hold Near 2-Week Low on Lower Demand Forecasts Read More »
April 12 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator …
US Drillers Cut Oil and Gas Rigs For Fourth Week in a Row – Baker Hughes Read More »
