Occidental’s diverse portfolio delivers first quarter
Occidental Petroleum has announced better-than-expected first quarter profits, driven by robust production and favourable natural gas prices. The…
Spain’s Blackout Wiped €400 Million Off Economy, Top Bank
(Bloomberg) — Spain’s biggest ever blackout wiped almost €400 million ($454 million) off the economy, according to an…
Shell Is Studying Merits of BP Deal as Rival’s Stock Slumps
(Bloomberg) — Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s…
Germany’s Red Tape Creates a Berlin-Sized Hole in Energy
(Bloomberg) — Nestled along the banks of the Neckar River in southwest Germany, the bucolic university town of…
Chevron Slashes Buybacks as Trump Trade War, OPEC Hit Oil
(Bloomberg) — Chevron Corp. will slash share buybacks this quarter after oil prices have tumbled, indicating that President…
Alaska LNG project aims to transform US energy exports to
Japan’s top power generator JERA, the world’s second-largest LNG buyer after China, may consider the $44 billion Alaska…
Woodside gives green light to massive Louisiana LNG project
Woodside Energy Group has approved the development of its Louisiana LNG facility, committing to a $17.5 billion investment…
tariffs create oil industry uncertainty and
Producers are preparing for potential further declines, with investment in the US Lower 48 tight oil sector particularly…
Japan Embraces Lab-Made Fuels Despite Costs, Climate
(Bloomberg) — For Japan’s largest utilities, lab-made fuels are a meaningful step toward greener energy that also extends…
Oil Traders Lurch From Praying for Volatility to Drowning in
(Bloomberg) — Until recently, oil traders complained that it was almost impossible to wring profits out of a…
Abu Dhabi Defies Oil Price Plunge to Keep Building Big at
(Bloomberg) — Abu Dhabi has spent the past few years funneling oil revenue into building everything from splashy…
Stocks Rebound Fizzles as Trump Goes on Offensive: Markets
(Bloomberg) — A rebound in US stocks evaporated this week after Chair Jerome Powell pushed back on the…