Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to …
Goldman Sachs Sees 410,000-Bpd Hike in OPEC+ June Supply Read More »
The U.S. Environmental Protection Agency announced plans on Friday to slash its budget by $300 million in fiscal year 2026, reduce staffing to 1980s levels and dissolve its research and development office as part of a sweeping overhaul of the agency. The reorganization, which will consolidate several key offices, will reflect plans to cut regulatory …
US EPA Plans to Reduce Staff to 1980s Levels, Dissolve Research Office Read More »
With first-quarter 2025 earnings underway, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
By Amanda Stephenson CALGARY, May 2 (Reuters) – The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge’s (ENB.TO) proposed Great Lakes tunnel for its Line 5 oil pipeline project. The Army Corps, a federal engineering service, released an updated permitting …
US Army Corps Targeting Fall Decision for Enbridge Line 5 Tunnel Read More »
EOG Resources purchased the 30,000-net-acre block that includes at least 120 locations for 3-mile laterals from little known Arrow S Energy Operating.
By Sheila Dang and Shadia Nasralla Exxon and Shell maintain buybacks amid oil price slump Chevron and BP reduce buybacks due to market conditions Exxon benefits from Guyana oilfield, Chevron seeks entry HOUSTON/LONDON, May 2 (Reuters) – Big Oil’s first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn …
Big Oil Earnings Show Split in Production Strategy, Shareholder Returns Read More »
By Shariq Khan Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate or slow supply hikes Signs of trade-war de-escalation help check oil’s decline NEW YORK, May 2 (Reuters) – Oil prices fell over 1% …
Oil Posts Biggest Weekly Loss in a Month Ahead of OPEC+ Meeting Read More »
NXT Energy Solutions, in partnership with Synergy Exploration and Production, said it expects to begin acquiring data in the third quarter.
Shell has been persistently linked to a bid for its smaller rival BP as the latter lost more than 30% of its value in the past 12 months, the Financial Times reported.
Archrock acquired NGCS’ compression business, which includes approximately 351,000 hp— 71% of which operates in the Permian Basin.
