US Shale Gas Investor Wincoram Acquired by Stone Ridge Energy
U.S. shale gas investor Wincoram Asset Management was acquired by Stone Ridge Energy, the companies said April 22.
Drones Proving to be More than Just a Toy in Chevron Operations
Chevron Corp. has partnered with drone maker and operator Percepto to get a better look at its operations in two U.S. basins.
Devon Energy Gains on Plans to Boost Free Cash Flow by $1 Billion
** Shares of oil and gas producer Devon Energy rise 3.7% to $30.57 premarket ** Company says it plans to boost its annual free cash flow by $1 billion by the end of 2026 ** “The $1 billion savings is significantly above our expectations and the $300-$500 million range we think investors anticipated” – RBC …
Devon Energy Gains on Plans to Boost Free Cash Flow by $1 Billion Read More »
Crescent Energy Sells $83MM in Permian Assets to Reduce Debt
Crescent Energy has divested non-operated Permian Basin assets for $83 million as part of the company’s plans to sell $250 million of non-core divestures.
Europe Can Ride LNG Wave to Build Strategic Gas Reserves: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters.) *Europe relies heavily on natural gas imports *Surge in LNG production to keep global prices low in coming years *Government reserves would act as critical buffer in case of supply disruption By Ron Bousso April 22 – European governments may have a …
Europe Can Ride LNG Wave to Build Strategic Gas Reserves: Bousso Read More »
Devon Energy Unveils Value Enhancing Business Optimization Plan
HIGHLIGHTS Targeting $1 billion in annual pre-tax free cash flow improvements Business optimization plan underway to improve margins and capital efficiency Plan includes improvements to base production performance, midstream commercial terms and corporate costs Expected to be completed by the end of 2026, with 30 percent achieved by year-end 2025 OKLAHOMA CITY, April 22, 2025 …
Devon Energy Unveils Value Enhancing Business Optimization Plan Read More »
Saudi Arabia Crude Oil Exports Rise to 6.547 Mln Bpd in February
Saudi Arabia’s crude exports in February rose to 6.547 million barrels per day (bpd) from 6.073 million bpd in January, official data showed on Tuesday. The world’s largest oil exporter’s crude output for February was at 8.947 million bpd, up from 8.917 mln bpd in January. Saudi refineries’ crude throughput was at 2.621 million …
Saudi Arabia Crude Oil Exports Rise to 6.547 Mln Bpd in February Read More »
Taiwan Says Buying More US Gas, Oil is a Focus in Tariff Talks
(Reuters) – Increasing purchases of U.S. natural gas and oil is a focus of Taiwan’s tariff talks with the United States, President Lai Ching-te said on Tuesday. Lai has pledged to seek a zero tariff regime with the United States and buy more from and invest more in the country, as he seeks to head …
Taiwan Says Buying More US Gas, Oil is a Focus in Tariff Talks Read More »
E&P Highlights: April 21, 2025
Here’s a roundup of the latest E&P headlines, from new LNG production offshore Africa to new seismic maps offshore Mauritania.
Money Talks: UMB Bank on Impacts of Upstream Consolidation
Guardrails in place allow banks to support energy businesses through all economic cycles, says Zachary Leard, vice president for the energy group at UMB Bank.