President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social, Trump said […]
Specialist provider of offshore support services, Interocean Marine Services (Interocean) has been awarded a four-year extension to its frame agreement with multinational power company, Vattenfall.
Blackstone’s investment comes as utilities are bracing for the largest increase in power use in a generation thanks to artificial intelligence and data centers. They expect a significant portion of that electricity will be generated with natural gas.
Western nations and their allies have imposed several rounds of sanctions against the Russian oil industry, aiming to curtail the flow of petrodollars into the Kremlin’s coffers and, with it, funding for the war in Ukraine.
Argentine state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas shipper Golar LNG Ltd., Executive Chairman Horacio Marin said.
Falcon Oil & Gas Ltd. has announced the spudding of the Shenandoah S2-4H horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.
Marathon Oil survives as a subsidiary. Marathon Oil shareholders received 0.255 ConocoPhillips common shares for each common share they held at Marathon Oil. ConocoPhillips paid cash for fractional shares. The total enterprise value of $22.5 billion includes $5.4 billion of net debt accrued by Marathon Oil, according to the announcement of the merger agreement May 29.
Natural gas is surging again as winter storms seek to disrupt the Thanksgiving travel holiday, Phil Flynn, a Senior Market Analyst at the PRICE Futures Group, told Rigzone.
According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released recently, the world produced an average of 76.10 million barrels of crude oil per day in the third quarter of 2024.