Energy News

Source: patenergy.com

Patterson-UTI reports drilling activity for April 2021

Patterson-UTI Reports Drilling Activity for April 2021 PR Newswire HO…

Earthstone Energy, Inc. reports 2021 first quarter financial results

Earthstone Energy, Inc. reports 2021 first quarter financial results

Generates $31.8 Million of Free Cash Flow Earthstone Energy, Inc. (NYSE: ES…

Registration is open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado

Registration is open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado

EnerCom’s 26th The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021.

DENVER – May 4, 2021 (PR Newswire) Institutional investors, portfolio managers, …

Source: CNBC

Oil giant Saudi Aramco beats estimates with 30% hike in first-quarter profit

CNBC


Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market crash that saw full-year earnings for the state firm slashed in half.

In a

Source: Reuters

Chevron pitches $100 million in New Mexico properties as oil M&A heats up

Reuters


HOUSTON – Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a rebounding oil market.

Sales in …

Source: Reuters

Column: Fund oil buying resumes as global manufacturing surges – Kemp

Reuters


LONDON – Hedge funds boosted their position in petroleum for the third week running, confirming increasing confidence over rising prices for the rest of the year.

Though the increases were small, with money managers purchasing the equivalent of 30 …

Source: Reuters

Oil and gas investor EnCap raises $1.2 billion energy transition fund

Reuters


EnCap Investments said on Tuesday it has closed a $1.2 billion fund dedicated to investments in the burgeoning energy transition space, the first time the private-equity firm has raised money specifically for clean energy.

The Houston-based firm is a …

Contango announces expansion of its senior credit facility

Contango announces expansion of its senior credit facility

FORT WORTH, Texas, May 04, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE Am…

Source: Reuters

ConocoPhillips reports first-quarter 2021 results; declares quarterly dividend; announces debt-reduction plan and intention to begin sales of Cenovus shares with proceeds to fund incremental buybacks; schedules midyear market update

ConocoPhillips (NYSE: COP) today reported first-quarter 2021 earnings of $1.0 billion, …

Marathon Petroleum Corp. reports first-quarter 2021 results

Marathon Petroleum Corp. reports first-quarter 2021 results

Marathon Petroleum Corp. Reports First-Quarter 2021 Results PR Newswire …

Source: Reuters

Energy lags in April. What two traders are watching in 2021’s top sector

CNBC


Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up …

Hess completes sale of non strategic interests in Bakken acreage

Hess completes sale of non strategic interests in Bakken acreage

Hess Corporation (NYSE: HES) announced today that it has completed the previously annou…

Source: Reuters

LNG cargoes diverted from India as COVID crisis dampens demand -sources

Reuters


Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.

Six LNG tankers diverted away from India since April 20, …

May 3, 2021 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Reuters

North Carolina again denies permit for Mountain Valley gas pipe extension

Reuters


The North Carolina Department of Environmental Quality (DEQ) again denied Mountain Valley Pipeline’s (MVP) request for a water permit for its proposed Southgate natural gas pipeline project from Virginia to North Carolina.

The DEQ first denied the request in …

Oil rises to $67 as demand hopes counter India concern

Oil rises to $67 as demand hopes counter India concern

Reuters


LONDON -Oil rose to $67 a barrel on Monday as optimism over a strong demand rebound in countries including the United States and China countered concern about a surge in India’s coronavirus cases and higher OPEC+ oil supply.

India …

Source: Reuters

Italy’s Eni to shed retail-renewable energy stake

Reuters


MILAN- Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.

Several European energy companies, including …

Source: The TAE Technologies fusion machine, Norman, in the company’s lab in Foothill Ranch, California. Norman was built from the middle of 2016 to mid-2017 and cost $150 million to build. It is 22 feet high, 80 feet long and weighs 60,000 pounds.Photo courtesy TAE Technologies

Look inside this lab where scientists are recreating the energy of the sun to produce nearly unlimited clean energy

CNBC


Recreating in a lab the nuclear reaction that powers the sun and other stars — which is called nuclear fusion — is a feat as complex as it sounds.

Fusion has the potential to create massive amounts of carbon-free …

April 30, 2021 - 1:30 pm Climate Change, Closing Bell Story‎, Energy News, Nuclear
Source: Bloomberg

Imperial announces first quarter 2021 financial and operating results

Imperial Oil Limited (TSX, NYSEAM: IMO): Net income of $392 million in th…

Source: Reuters

India demand worries, weak Japanese imports knock oil prices from six-week highs

Reuters


NEW YORK -Oil prices fell from six-week highs on Friday, as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared.

U.S. crude and global benchmark Brent …

Source: Reuters

ExxonMobil earns $2.7 billion in first quarter 2021

First Quarter 2021 Results and Management Perspectives Cash flow from operati…

Phillips 66 reports first-quarter 2021 financial results

Phillips 66 reports first-quarter 2021 financial results

Reported a first-quarter loss of $654 million or $1.49 per share; adjusted loss of $5…

Chevron announces first quarter 2021 results

Chevron announces first quarter 2021 results

Earnings of $1.4 billion; adjusted earnings of $1.7 billion Capital spending…

Source: CNBC

China has ‘no other choice’ but to rely on coal power for now, official says

CNBC


BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power anytime soon as it keeps its eye firmly on economic targets.

President Xi Jinping said in September that the country’s carbon …

Source: CNBC

Senate votes to restore Obama-era regulation of methane, a climate-warming gas

CNBC


The U.S. Senate on Wednesday voted to reverse former President Donald Trump’s move to weaken Obama-era regulations designed to reduce climate-changing methane emissions from oil and gas fields.

Senate votes to restore Obama-era regulation of methane, a climate-warming gas- oil and gas 360

The 52-42 vote sets up the first official reinstatement of

Energy-focused hedge fund Luminus liquidates assets of largest fund: WSJ

Energy-focused hedge fund Luminus liquidates assets of largest fund: WSJ

Reuters


Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors, the Wall Street Journal reported on Thursday. The company had begun liquidating …

April 29, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Oil prices rise, bullish demand outlook offsets India concerns

Reuters


LONDON – Oil prices extended gains on Thursday as bullish forecasts of recovering demand, strong U.S. economic data and a weak dollar outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan.

Brent rose $1.30, …

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

CenterPoint to receive $2.150 billion in cash, including recovery of approximately …

Source: patenergy.com

Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021

Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021 …

Royal Dutch Shell PLC First Quarter 2021 Interim Dividend

Royal Dutch Shell PLC First Quarter 2021 Interim Dividend

The Hague, April 29, 2021 – The Board of Royal Dutch Shell plc (“RDS” or the …

Source: CNBC

Fed holds interest rates near zero, sees faster growth and higher inflation

CNBC


The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating.

As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys …

April 28, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Economy, Energy News