Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete.
The Anglo-Dutch oil major, which already owns about 200 gasoline stations in 12 …
Company further integrates ESG into strategy to enhance business resilience
CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is establishing ambitious environmental, social and governance (ESG) targets to guide …
SINGAPORE – Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in …
Corporate funding into the solar energy industry topped $11.7 billion last year, a 20 percent increase compared to the $9.7 billion raised in 2018.
Funding included venture capital, private equity, debt financing and public market financing, according to …
Reuters
NEW YORK – Investors are worrying that rising energy costs due to an escalating conflict between the United States and Iran that has caused a spike in oil prices will hurt U.S. corporate earnings.
Oil prices briefly jumped to …
BP Ventures has invested in energy management specialist R&B, BP’s first venture into artificial intelligence (AI) technology in China. R&B’s energy management systems are designed to predict, control and improve a building’s energy use, supporting BP Alternative Energy’s focus
President Donald Trump said during an address from the White House Wednesday that the U.S. no longer needs oil from the Middle East, but American refineries still use the kind of oil that region produces.
Thanks to booming …
LONDON – Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused towards rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United …
Andrew Fastow, who was at the center of the fraud which brought down Enron Corp., said he now accepts full responsibility for his actions after originally viewing himself as a “hero” while chief financial officer at the energy …
The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts.
“The market is extremely exposed to any disruption to vessel …
Houston oilfield service company Enterprise Offshore Drilling is laying off more than five dozen oil-rig workers in the Gulf of Mexico amid a downturn in business for one of the company’s clients.
In a letter filed with the …
The diverging fundamentals of U.S. oil and natural gas can be seen dramatically in the markets, where the oil-to-gas price ratio has surged to its highest in six years.
The oil-to-gas ratio, or the level at which oil trades …
Apache Corp. is closing its San Antonio office and eliminating more than 270 jobs as part of a reorganization process designed to cut costs.
The Houston-based oil and gas producer had a difficult 2019 as its stock value …
Occidental Petroleum is initiating a broad layoff effort this week that will stretch from Houston to Denver as the Permian Basin’s leading oil producer aims to cut costs in the aftermath of its massive $38 billion acquisition of …
Siemens Gamesa Renewable Energy (SGRE) has been chosen as the preferred turbine supplier for the 2.64 gigawatt (GW) Dominion Energy Virginia Offshore Wind project.
The site of the project is 27 miles off the coast of Virginia and covers …
A newly formed Houston pipeline company has landed $400 million in financing from San Antonio private equity firm EnCap Flatrock Midstream.
Launched just before Thanksgiving and headquartered off Post Oak Boulevard in Houston’s Galleria district, Edgewater Midstream is …
A nearly $1 billion Gulf Coast Ammonia plant to help manufacture fertilizers received final approval to begin construction this year in Texas City near Galveston, the companies said Wednesday.
The plant would produce 1.3 million tons of ammonia …
DALLAS – Energy Transfer Operating, L.P. (formerly, Energy Transfer Partners, L.P., and a subsidiary of Energy Transfer LP) (“ETO”) today announced that it has priced an underwritten public offering of $1.0 billion aggregate principal amount …
ISTANBUL – The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine.
The pipeline project, stretching …
Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for December 2019 was 1,104, up 8 from the 1,096 counted in November 2019, and up 79 from the 1,025 counted in December …
Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday.
Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants …
FORT WORTH, Texas, Jan. 08, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate …
DUBAI – Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran.
Saudi Aramco opened …
LONDON – Brent oil futures fell on Wednesday from a four-month peak hit in frenzied early trading after a rocket attack by Iran on American forces in Iraq appeared to have no impact on oil infrastructure or crude flows.…
Infrastructure and Energy Alternatives, Inc. Announces Award for Wind Construction Project With 94 Turbines in Illinois
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Chevron Chairman and CEO Michael Wirth does not anticipate significantly higher oil prices from increased Iran-U.S. tensions.
“Fundamentally supply and demand remain where they were before these incidents,” he said Tuesday on CNBC’s “Squawk on the Street” from the …
LONDON- Premier Oil is set to buy North Sea assets from BP and increase its stake in the Tolmount gas project, funded by a $500 million rights issue, but faces opposition from hedge fund ARCM, which vowed to fight …
Chevron said Monday it will pull its employees out of Iraq temporarily amid an escalation in tensions following the United States’ targeted killing of Iran’s top military general.
Chevron said it was evacuating its workers and contractors from …
NEW YORK – Oil prices fell about 1% on Tuesday, surrendering some of the gains of recent days as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian …
MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an …
