(Bloomberg) –Wages for U.S. oil workers climbed for a third straight month, setting a fresh record as paychecks prove resilient amid slowing shale activity. Average hourly earnings for front-line oil-and-gas workers rose 0.9% in September from the previous …
(WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate …
LONDON – The chief executive of oil giant Saudi Aramco 2222.SE, said on Tuesday this year’s COP28 U.N. climate conference should focus on cutting emissions from hydrocarbons, rather than reducing their production.
CEO Amin Nasser was speaking at …
(Bloomberg) – To get to Marcelo Mindlin’s desk in his downtown Buenos Aires office, guests must walk past a big steel ring — a cross-section of natural gas pipeline. The hunk of metal epitomizes the views of Mindlin, …
(Bloomberg) – Exxon Mobil Corp. expects to trim annual costs by about $2 billion as it integrates the $60 billion purchase of Pioneer Natural Resources Co., said Chief Executive Officer Darren Woods.
About two-thirds of the savings will …
War premium returned to the oil market on Monday after the weekend attack by Hamas on Israel, which upended—again—the geopolitical landscape in the world’s most important oil-exporting region, the Middle East, and buried hopes of an imminent Saudi-Israel …
(WO) — The United States added 838 jobs in September, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to August numbers and analysis by the Energy Workforce & Technology Council. While updated numbers …
(Bloomberg) – bp Plc.’s U.S. President David Lawler is leaving the British oil giant, becoming the second top executive to quit this month after Chief Executive Officer Bernard Looney abruptly resigned.
Lawler, who had been with bp …
(Bloomberg) — Oil is headed as high as $150 a barrel unless the US government does more to encourage exploration, according to Continental Resources Inc., the shale driller controlled by billionaire Harold Hamm.
Crude output in the Permian …
(Bloomberg) – U.S. oil production is being held back by inconsistent energy policy, Chevron Chief Executive Officer Mike Wirth said. “I hear people say, ‘We’re back up to record levels of production,’” Wirth said during the American Energy …
(Bloomberg) – Devon Energy Corp. expects to spend less next year to sustain oil and natural gas production as record oil field inflation begins to abate. Costs for drilling rigs and steel used to line the inside of …
HOUSTON, August 17, 2023 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced three internal executive appointments, marking the final step in solidifying the Company’s leadership team as it focuses on strengthening its …
(Bloomberg) – Russia’s oil firms are setting a record pace in their drilling this year, even as the country has agreed with OPEC+ to make longer production cuts. Rigs drilled 14.7 thousand kilometers of production wells in Russia …
Warren Buffett and his investment conglomerate Berkshire Hathaway have been increasing stakes in oil and gas industry operators this year as cheap valuations and attractive returns make fossil fuels good investments amid the ongoing ESG considerations from many …
Publisher’s Note: W&T Offshore will be a presenter at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com…
Canada’s TC Energy is cutting some jobs to “optimize value” a company spokesperson said on Tuesday, without giving details of how many positions have been impacted.
News of the job cuts at TC Energy comes a week after …
Saudi Energy Minister Prince Abdulaziz bin Salman defended the voluntary output cuts announced by some allied oil producers in April, which he noted were first criticized as likely to spike crude prices — then, as failing to support them.…
The U.S. Administration has banned new oil and gas leasing near the Chaco Culture National Historic Park in New Mexico as part of a plan to protect the area and a larger portion of federal land from drilling.…
Canada’s second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported on Thursday, citing details from the Canadian Press.…
SM Energy will be a presenter at EnerCom Denver – The Energy Investment Conference register to attend at www.enercomdenver.com
DENVER, May 31, 2023 /PRNewswire/ — SM Energy Company (the “Company”) announced today that, consistent with …
(Bloomberg) –President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending as part of their debt-limit deal. They must now sell the agreement to lawmakers from both parties.
Here’s a look at …
CALGARY, AB, May 23, 2023 /CNW/ – Enerplus Corporation (“Enerplus”) (TSX: ERF) (NYSE: ERF) today announced the appointment of Mr. Ward Polzin to its board of directors.
Mr. Polzin is the Founder and …
(WO) — Employment in the U.S. oilfield services and equipment sector increased by 5,143 jobs to its highest level since March of 2020 to reach 662,454 in April, according to preliminary data from the Bureau of Labor Statistics …
LONG BEACH, Calif.–(BUSINESS WIRE)– California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Manuela (Nelly) Molina has been appointed as Executive Vice President and Chief Financial …
(Bloomberg) – Claudio Descalzi, Chief Executive Officer of Italian oil and gas giant Eni Spa, said he sees no significant jolts to the energy market this year.
“For this year, I don’t expect further big shocks …
DALLAS–(BUSINESS WIRE)–Apr. 26, 2023– Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that the Board of Directors (Board) has named Richard (“Rich”) P. Dealy as the Company’s next Chief Executive Officer (CEO), effective …
HOUSTON, April 06, 2023 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Janet Yang, Executive Vice President and Chief Financial Officer, will be leaving the Company on May 11, …
Publisher’s Note: Civitas Resources will be the lunch Keynote speaker at EnerCom Dallas on Wednesday, April 19, 2023 at Hotel Crescent Court. Please register to join us.
DENVER–(BUSINESS WIRE)– Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or …
