The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.
CenterPoint Energy, the regulated utility that delivers electricity to the Houston area, said Monday that it will sell its natural-gas retail business for $400 million to Energy Capital Partners of New Jersey, a private equity investor.
Oil traders are gathering in London for what’s normally a week of lavish parties, dealmaking and market chatter. China’s coronavirus means this year’s events will be more subdued – and fewer in number – than usual. The talk will be about absent friends and uncertain demand.
A buyer of LNG has cancelled two cargoes from Cheniere Energy, the biggest US exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
Shell has stuck to its growth expectations for LNG continuing to predict an emerging shortfall of supply from around 2025.
The oil and natural gas industry practice of burning surplus gas from oil wells, or flaring, has reached levels not seen in Texas since the 1950s, a report released Tuesday by Railroad Commissioner Ryan Sitton states.
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.
Italian operator Eni has announced a new oil discovery off Mexico with up to 300million barrels in place.
A Midland legend passed away Friday night.
Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings: “End of the road, nothing to do and no hope of things getting better.”
A fire broke out early Wednesday at Exxon Mobil's Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the US.
Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.
The US has charged five of its citizens with conspiring to sell sanctioned Iranian oil to China.
Offshore wind generation is growing rapidly and is expected to make up 25 percent of total wind capacity by 2028, up from 10 percent in 2019, according to a new study from the research firm Wood Mackenzie.
Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.
Equinor has dished out feed contracts for phase one of the Bacalhau (formerly Carcara) area in Brazil.
Most severe implications expected in Permian Delaware, NM
It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.
ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
The oil major Exxon Mobil is not planning to give up its status as the top driller in Texas.
Tesla Inc.’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.
Installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to Rystad Energy.
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.