More Top Stories in Business

Seneca Resources Sells Appalachia Assets to IOG Resources

The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d. 

November 22, 2022

Big Oil Joins Farmers, Biofuel Groups to Tout More Ethanol in US Fuel

API’s support is a win for the biofuel and farm groups because the oil industry has at times resisted efforts to expand the market for ethanol.

November 22, 2022

UK Says Baker Hughes-Altus Deal May Hurt OFS Competition

The regulator said Baker Hughes and Altus have five working days to submit proposals to address its concerns, otherwise the watchdog will refer the deal to an in-depth Phase 2 probe.

November 22, 2022

Shell to ‘Evaluate’ 25 Billion-Pound British Investments after Windfall Tax

“We’re going to have to evaluate each project on a case-by-case basis,” said Shell’s U.K. country chair David Bunch told the Confederation of British Industry’s annual conference in Birmingham.

November 22, 2022

Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says

Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.

November 22, 2022

Equinor, Partners to Invest $1.44 Billion in Arctic Gas Field

The water depth of around 1,300 m (4,300 ft) makes Irpa, previously known as Asterix, one of the deepest finds to be developed offshore Norway and the country’s fourth producing petroleum field north of the Arctic circle.

November 22, 2022

UK Oil Sector Faces $24 Billion Bill to Plug Old Wells: Report

The cost burden for plugging wells and removing platforms, in what is known as decommissioning, is set to rise sharply over the next three to four years as more fields stop production, Offshore Energies UK (OEUK) warned in a report.

November 22, 2022

BP Praises Biden Climate Law While Expanding US Shale

The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”

November 22, 2022

Forty Under 40: Scott Gale, Halliburton Labs

Today's featured Forty Under 40 honoree is Scott Gale, who serves as executive director of external engagement at Halliburton Labs in Houston.

November 22, 2022

Texas Shale Producer Ranger Oil Explores Sale, Sources Say

Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.

November 21, 2022