Riley Exploration Permian Inc. is adding Northwest Shelf assets from EnCap-backed Silverback Exploration II. Riley is also cutting capex and focusing on preserving inventory amid weak oil prices.
Investment firm I Squared and Enbridge will take stakes in the joint venture for the Matterhorn Express natural gas pipeline in the Permian Basin.
California Resources Corp.’s carbon management subsidiary Carbon TerraVault Holdings is targeting additional carbon capture and storage projects.
ConocoPhillips’ W.L. (Bill) Bullock is retiring from his roles as executive vice president and CFO after 39 years of service. Andy O’Brien will assume the role of CFO.
(Reuters) – U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The recent trade developments have threatened U.S. exports of natural gas liquids (NGLs), such as ethane, butane and propane, used to …
U.S. Exports of Natural Gas Liquids Touch Record High in April Read More »
HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, …
ConocoPhillips Announces Bill Bullock to Retire After 39 Years With the Company Read More »
Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. …
ConocoPhillips Announces First-Quarter 2025 Results and Quarterly Dividend Read More »
By Alex Lawler LONDON, May 8 (Reuters) – OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya. The Organization of the Petroleum Exporting Countries …
OPEC April Oil Output Edges Lower Despite Plans for Hike, Survey Finds Read More »
By Gavin Maguire LITTLETON, Colorado, May 8 (Reuters) – Clean energy sources generated the smallest amount of Germany’s electricity in over a decade so far in 2025, dealing a blow to the energy transition momentum of Europe’s largest economy. Electricity generation from clean power sources totalled just under 80 terawatt hours (TWh) during the first …
Germany’s Energy Transition Hits Reverse so Far in 2025 Read More »
May 8 (Reuters) – ConocoPhillips (COP.N) beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after nearly four decades with the oil and gas producer. The company’s $22.5 billion acquisition of Marathon Oil in November has boosted ConocoPhillips’ presence in the Permian, Eagle Ford and Bakken …
ConocoPhillips Beats First-Quarter Profit Target, Announces CFO Retirement Read More »
