The Latest

BP Forecasts Dip in First-Quarter Upstream Production

BP anticipates a quarter-over-quarter decline in upstream production when it reports earnings later this month.

Shell Raises Shareholder Distributions and LNG Sales Target, Trims Spending

Shell trimmed its annual investment budget to a $20 billion to $22 billion range through 2028 after spending $21.1 billion last year.

Ring Sells Non-Core Vertical Wells as it Closes in on Lime Rock

Ring Energy Inc. said it sold non-core vertical wells with high operating costs as it works to close an acquisition of Lime Rock Resources IV’s Central Basin Platform assets.

Range Secures Appalachian Takeaway to Capitalize on Higher NatGas Prices

Appalachian pure-play Range Resources expects strong demand in the second half of the decade and is taking the necessary steps to capitalize on higher natural gas prices.

BKV Positions Itself to Meet Growing Power, CCS Demand

Electricity needs across the U.S. are expected to soar as industrial and manufacturing facilities, data centers and other consumers crave more power. BKV is exploring ways to bridge the gap between demand and energy supply.

First Solar Continues to Ride Growth Streak Fueled by Incentives, Demand

First Solar ended 2024 with a contracted backlog of 68.5 gigawatts valued at $20.5 billion, having sold a record 14.1 GW of modules.

Enbridge CEO: Tariffs Not a Concern but Present Chance for Reform in Canada

Enbridge’s CEO Greg Ebel says the company doesn’t see a major effect on its business with such a “hard-wired” system.

Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand

About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.

BP’s Eagle Ford Refracs Delivering EUR Uplift, ‘Triple-Digit’ Returns

BP’s shale segment, BPX Energy, is seeing EUR uplifts from Eagle Ford refracs “we didn’t really predict in shale,” CEO Murray Auchincloss told investors in fourth-quarter earnings.

NOG Spends $67MM on Midland Bolt-On, Ground Game M&A

Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.