The Latest

1Q25 Trend: US Producers Pivot on Market Uncertainty, Cut Capex and Rigs

Macro volatility and price uncertainty topped most discussions in first-quarter earnings calls as companies including Diamondback Energy, Occidental Petroleum and Coterra Energy reduce spending and rig counts.

Canada’s Pieridae Changes Name to Cavvy on Upstream, Midstream Focus

Cavvy Energy said its common shares will begin trading on the Toronto Stock Exchange under the ticker “CVVY” when markets open May 13.

BWX Technologies CFO, Executive VP to Step Down

BWX Technologies’ Robb A. LeMasters has stepped down from his roles as executive vice president and CFO. The company named Mike T. Fitzgerald as interim CFO.

Trauber: Shell-BP Merger Would Make “A Lot of Sense”

BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.

Algeria Launches Program to Grow Oil, Gas Production

The African nation has extended its bid submissions for a hydrocarbon tender to July.

NRG Stock Soars on $12B NatGas Power Plant Fleet Acquisition

The $12 billion deal positions NRG to capitalize on a power-hungry future driven by data centers and grid strain.

What's Affecting Oil Prices This Week? (May 12, 2025)

U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.

US House Budget Bill Seeks More Than $1.5B for Strategic Petroleum Reserve

The proposal from the House Committee on Energy and Commerce contains $1.32 billion to purchase oil to help replenish the Strategic Petroleum Reserve and $218 million for maintenance of the facility.

Aligned Climate Closes Solar Fund with Over $200MM in Commitments

The fund, called Aligned Solar Partners 6 LP (ASP6), acquires construction-ready distributed solar projects from development partners across the U.S.

Enbridge Keeps the Focus on NatGas Amid Market Uncertainty

Enbridge CEO Greg Ebel said the company remains committed to growing its natural gas network.