Coterra’s earnings beat doesn’t change the big picture for the oil producer
Coterra Energy’s second-quarter results beat expectations on the top and bottom lines, sending shares modestly higher Tuesday. Still,…
BP’s big Brazil oil and gas find boosts prospects for Equinor, auction
By Marta Nogueira and Fabio Teixeira RIO DE JANEIRO (Reuters) -BP’s announcement on Monday of its largest global…
Petroleum engineers commend Shell for $5bn Bonga investment – EnviroNews
– Advertisement – The Society of Petroleum Engineers (SPE) has praised Shell’s $5 billion Final Investment Decision (FID)…
Presidio Petroleum to go Public via Business Combination
Presidio expects to initiate a $1.35/share annual common dividend (13.5% expected dividend yield at $10.00/share) after closingiExpected net…
Diamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims
By Arunima Kumar (Reuters) -Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator…
Oil Drops as Markets Digest OPEC+ Supply Decision
Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+’s decision to implement…
Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings,…
FERC Staff Issues Final SEIS for Texas LNG
Staff at the Federal Energy Regulatory Commission (FERC) has issued a final supplemental environmental impact statement (SEIS) for…
Russia’s Oil and Gas Revenues Plunge Nearly 30% in July Amid Sanctions Pressure — UNITED24 Media
For the third consecutive month, the Russian federal budget has recorded a steep decline in oil and gas…
Crude Oil Production Hits 1.78mbpd in July
Crude Oil Production Hits 1.78mbpd in July Nigeria’s crude oil production rose to a peak of 1.78 million…
WEPCO Increases Onshore Gas Production from Egypt’s Western Desert
The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas…
China’s independent oil companies boost investments in Iraq
Chinese independent oil companies are intensifying their activities in Iraq, aiming to double their production to 500,000 barrels…