Nine Energy Service Downsizes Board
The oilfield services company has decided to reduce the size of its board of directors from eight to six members by the end of the year.
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Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale
Brazil's largest producer of ethanol fuel, Raizen is mulling divestments and slowing down expansions as higher borrowing costs of late in Brazil rattle its finances.
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Oil Gains on Truce Hopes but Closes Week Lower
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
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USA Won't Hesitate on Russia and Iran Sanctions, Bessent Says
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
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Enbridge to Invest $1.39 Billion until 2028 in Mainline Pipeline
Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S. liquids pipeline with a capacity of about 3 million barrels a day of crude oil.
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Analyst Says Bearish Fundamentals Beginning to Reassert Influence Over Gas
'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.
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BP CEO Sees Pay Cut 30 Pct After Profit Miss, Elliott Intervention
BP Chief Executive Officer Murray Auchincloss' total compensation dropped to $6.91 million in 2024.
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Norway Opens Application for One CO2 Storage Exploration Area
This is the eighth time acreage is being offered for CO2 storage exploration or exploitation on the Norwegian continental shelf.
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Payroll in USA Oil and Gas Totals $168 Billion in 2024
Texas had the highest oil and gas payroll in the country in 2024, according to TIPRO's latest State of Energy report.
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European Commission Proposes to Extend Gas Storage Regulation to 2027
'In the current geopolitical context and volatile situation in the global gas markets, this 2-year extension will contribute to ensuring continued security of energy supply across the EU'.