| | | | | | Outgoing CEO Travis Stice said Diamondback will need WTI’s price to climb back to nearly $70/bbl before it recommits capital to its previous growth pace. |
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| | | On May 6, on a call to discuss first-quarter earnings and operations, the to-be chief executive told analysts not to expect sweeping changes in company strategy. |
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| | | | On May 4, Petrobras began commercially operating the complex’s second 10.5-million cu m/day processing train, bringing the Boaventura UPGN’s overall processing capacity of natural gas from the Santos basin presalt cluster to 21 million cu m/day. |
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| | | | Sponsored | | Master Bond EP41S-5 is a two part epoxy adhesive system with resistance to a wide array of chemicals. This epoxy combines formidable physical strength properties and electrical insulation values. EP41S-5 is serviceable over a wide temperature range of -80°F to +450°F. It bonds well to a wide variety of substrates including metals, composites, glass, ceramics, as well as many rubbers and plastics. |
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| | | | In EIA’s forecast, increasing oil production outpaces annual oil demand growth. Rising inventories globally will result in Brent averaging $62/bbl in second-half 2025 and falling to $59/bbl next year. |
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| The deal, signed with “a major Asian energy company,” will see Commonwealth supply 1 million tpy of LNG for 20 years, the company said in a release May 5. |
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| | | The decommissioning project, under operation by partners Shell plc, ONGC, and Reliance Industries, included removal of five wellhead platforms and associated infield pipelines, completion of load-in at the onshore dismantling yard, and plugging and abandoning 38 wells. |
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