United States
Earnings , Natural Gas
Keeping it Simple: Antero Stays on Profitable Course in 1Q
Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Service & Supply , Dividends/Buybacks
NOV Announces $1B Repurchase Program, Ups Dividend
NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Rig Counts , Natural Gas
Repsol to Drop Marcellus Rig in June
Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Solar , Wind , Renewables , Hydrogen , International
Energy Transition in Motion (Week of April 26, 2024)
Here is a look at some of this week’s renewable energy news, including the close of a $1.4 billion decarbonization-focused investment fund.
Finance , Investment , Rig Counts , Service & Supply , Acquisitions & Divestitures , Trends
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Rig Counts
US Drillers Cut Most Oil Rigs in a Week Since November
The number of oil rigs fell by five to 506 this week, while gas rigs fell by one to 105, their lowest since December 2021.
Earnings , Acquisitions & Divestitures , Crude Oil , Natural Gas
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Acquisitions & Divestitures
Apollo to Buy, Take Private U.S. Silica in $1.85B Deal
Apollo will purchase U.S. Silica Holdings at a time when service companies are responding to rampant E&P consolidation by conducting their own M&A.
CCS/CCUS , Hydrogen , Technology , Legislation
No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration
Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.
Exploration & Production , Shale Plays , Natural Gas
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.