New Exxon Proppant Tech Enhances Permian Basin Well Recovery
Lightweight proppants engineered from refinery coke are giving Exxon an up to 15% lift in Permian EURs. “We generally surprised ourselves with the improvements,” CEO Darren Woods said.
US Gulf Oil Output Could Reach 2.4 Million bpd Even Amid Volatility, Industry Leaders Say
(Reuters) – The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday. U.S. President Donald Trump’s global tariff announcements have since last month contributed to a decline in oil prices and fears of an economic downturn, making it more …
Power Up: OPEC+ Rolls Out the Barrels
By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are down more than 1% today after the Organization of the Petroleum Exporting Countries and allies decided to speed up oil output hikes. This comes after Brent shed more than 8% last week, and U.S. West Texas Intermediate (WTI) fell by 7.5% over the …
Commonwealth LNG Signs 20-Year Supply Deal With Major Asian Buyer
(Reuters) – Commonwealth LNG announced on Monday that it has signed a Sale and Purchase Agreement with a major Asian energy company. Under the 20-year agreement, the buyer will purchase 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Commonwealth’s planned 9.5 mtpa facility in Cameron, Louisiana, the company said. Last week, …
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EPCOR Sells Texas Gas, Transmission Business North of Houston
EPCOR USA Inc. agreed to sell Texas gas utility and transmission assets northeast of Houston.
US Gulf Oil Output Could Reach 2.4 MMbbl/d Even Amid Volatility, Industry Leaders Say
Despite the oil price oscillations, oil leaders expressed confidence the Trump administration would remove obstacles to help grow production.
Shell EVP Gulf of America Appointed President, Shell USA
HOUSTON, May 5, 2025 /PRNewswire/ — Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, 2025, after seven years in role. Colette Hirstius, currently Executive Vice President, Gulf of America, will take on the responsibility of President, Shell USA, in addition to her current role as Executive Vice President, Gulf of America, effective …
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What’s Affecting Oil Prices This Week? (May 5, 2025)
If OPEC+ moves forward with unwinding its supply cuts at an accelerated pace, the price of Brent crude could approach $50.
Commonwealth LNG Signs Purchase Agreement with Asian Buyer
Kimmeridge, which owns Commonwealth LNG, has targeted an FID on the project by year-end 2025.
Sunoco LP to Acquire Parkland Corporation in Transaction Valued at $9.1 Billion
DALLAS, May 5, 2025 /CNW/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and Parkland Corporation (TSX: PKI) (“Parkland”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. As part of the …
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