Solar Firm Sunnova Says Trump Administration Cancels $2.92B Loan
Sunnova Energy’s loan cancelation comes as the Trump administration, pushing to maximize oil and gas production, is reviewing government financing for alternative energy.
Data Suggest BPX Worth at Least $10B in BP Merger Carve-Out
The business unit’s all-shale holdings’ “attractiveness” to potential BP Plc suitors “would likely be an important input into any portfolio evaluation and [merger] due diligence process,” said J.P. Morgan Securities analyst Matthew Lofting.
Freeport LNG Intake Drops, Hitting NatGas Prices
Natural gas prices have taken a 6% hit as the news of slowed gas flows at Freeport LNG spreads.
Conestoga Energy Completes Class VI Well Drilling Operations
Focus now turns to data analysis and preparing application materials for the EPA’s Class VI well application process, the company says.
Natural Gas Flows to Freeport LNG Export Plant in Texas Drop Wednesday, Sources Say
By Curtis Williams HOUSTON, May 28 (Reuters) – Natural gas flows to a Freeport liquefied natural gas (LNG) export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, two sources said. Freeport is the third largest LNG export facility in the U.S. and has helped the country remain the world’s …
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Chevron Terminates Contracts, But Will Keep Staff in Venezuela, Sources Say
Narrow authorization received by Chevron allows it to preserve assets, staff PDVSA expected to continue overseeing oilfield workers PDVSA also taking over sales of crude produced by joint ventures May 28 (Reuters) – Chevron (CVX.N) has terminated the oil production, service and procurement contracts it had to operate in Venezuela, delegating its joint-venture governance to …
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Chevron Investors Reject Stockholder Proposals, Exxon Faces None
By Sheila Dang HOUSTON, May 28 (Reuters) – Chevron (CVX.N) shareholders voted against three stockholder proposals during the U.S. oil producer’s annual meeting on Wednesday, including one calling for a report on the company’s human rights practices, while larger rival Exxon Mobil (XOM.N) faced no investor resolutions for the first time in decades. There have …
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OPEC+ Adopts Plan For 2027 Baselines Ahead of July Output Hike Talks
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler OPEC+ met online on Wednesday Eight OPEC+ members to meet on Saturday to decide on July output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 28 (Reuters) – OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, …
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Oil Gains on Supply Concerns, Investors Await July OPEC+ Output Decision
By Nicole Jao OPEC+ keeps output policy unchanged Eight OPEC+ members expected to agree to output boost Saturday Goldman Sachs sees OPEC+ keeping output steady after July hike Chevron’s Venezuelan oil curbs, Canadian wildfires limit price downside NEW YORK, May 28 (Reuters) – Oil prices gained more than 1% on Wednesday on supply concerns as …
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Class VI Permit Applications Plummet by 55%
Enverus says the 55% decline in Class VI permit applications during the first quarter signals a slowdown, but regulatory progress indicates continued momentum in U.S. carbon capture efforts.