After OPEC’s Oil Supply Cuts, What Now?
OPEC+ will complete the unwinding of its largest production cut next month after agreeing this weekend to boost…
Fort Worth-based Presidio Holdings to go public via reverse SPAC deal
Presidio Investment Holdings on Tuesday announced plans to combine with a special purpose acquisition company to go public…
Suncor Energy tops quarterly profit estimates on higher production
(Reuters) -Canadian oil producer Suncor Energy exceeded analysts’ second-quarter profit expectations on Tuesday, as higher output helped offset…
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…