Bloomberg Qatar’s energy minister yesterday shared a stage with the bosses of Exxon Mobil Corp. and TotalEnergies SE — the second time in three weeks he’d joined Big Oil to discuss the green transition. But the main takeaway from the forum in Doha? Gas is here to stay. The outlook of the two supermajors and …
Big Bets on Gas Demand Show Fuel Is Far From Fading Read More »
The automaker’s financial performance has been flagging amid a global slowdown in EV sales Bloomberg News Elon Musk has threatened to develop products outside of Tesla if he doesn’t attain at least a 25 per cent equity stake in the carmaker. PHOTO BY JAE C. HONG/ASSOCIATED PRESS Tesla Inc. is looking to woo its unusually large base …
Tesla Board Rallies Retail Investors to Vote for Musk’s US$56 Billion Pay Package Read More »
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals …
U.S. Energy Sector Consolidation Extends into 2024 Read More »
(Reuters) – Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 …
Chevron Prepares for North Sea Exit After More Than 55 Years Read More »
(Reuters) – The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and making it easier for projects to claim a subsidy for using American-made products. The moves come as President Joe Biden touts his economic policies ahead of a November …
White House Moves to Protect U.S. Solar Manufacturers from Chinese Competition Read More »
Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.
(Reuters) – Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog’s focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter. The Paris-based IEA has provided research and data …
A Second Trump Presidency Would Target IEA’s Green Focus, Advisers Say Read More »
Diamondback Energy’s President and CFO Kaes Van’t Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.
(Reuters) – Crescent Energy will buy SilverBow Resources in a $2.1 billion deal, the companies said on Thursday, amid a consolidation wave in the U.S. oil and gas industry. SilverBow and Crescent Energy both operate in the Eagle Ford shale in Texas. The announcement comes amid SilverBow’s tussle with its largest shareholder Kimmeridge Energy Management, which …
Crescent Energy to Buy SilverBow Resources in $2.1 Billion Deal Read More »
(Reuters) – Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected inflation in April and lower oil stocks in the past week. Brent crude futures were up 4 cents, or 0.05%, at $82.79 a barrel by 1120 GMT. U.S. West Texas Intermediate crude (WTI) …
Oil Prices Stabilize After U.S. Stock Drop and Slower Inflation Read More »
