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Georgina Mccartney

A view inside the Pilot Co. company's headquarters in Knoxville, Tennessee, U.S., October 8, 2021. REUTERS/Harrison McClary/File Photo
BusinessNewsOil

Exclusive: Warren Buffett’s Pilot Co shuts oil trading business, sources say

By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an...

FILE PHOTO: An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
FuelNatural GasNewsOilPoliticsRegulations

US oil executives expect faster permitting under Trump, says Dallas Fed

A third of executives polled said they think the permitting process will become significantly faster over the next four years.

FILE PHOTO: Very Large Crude Carriers (VLCCs) line up at the Port of Corpus Christi, where they are being loaded with crude oil for shipping worldwide, in this handout picture taken July 2022. Port of Corpus Christi/Handout via REUTERS/File Photo
FuelNewsOilPoliticsTrade

U.S. crude exports to Europe expected to fall in Jan as shipping economics weaken

The decline in stockpiles means U.S. barrels are being priced to stay at home.

FILE PHOTO: Michael Wirth, Chairman and CEO, Chevron speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessNewsOilPoliticsRegulationsTrade

Chevron CEO says no discussions with President-elect Trump on Venezuela

Chevron maintains operations in Venezuela, aligning with U.S. policy; CEO Wirth notes Russian and Chinese firms could replace them if they exit.

FILE PHOTO: Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
BusinessFuelNewsOil

Oilfield service consolidation to increase under Trump, report says

Deals in the oilfield services sector in the first nine months of 2024 reached $19.7 billion.

FILE PHOTO: A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo
BusinessNatural GasNewsOilPoliticsRegulations

Texas voters reelect conservative Craddick to lead oil regulator

Texas reelects Christi Craddick as oil regulator chair, supporting industry growth amid environmental pressures on orphan wells.

FILE PHOTO: A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. Picture taken November 21, 2019.  REUTERS/Angus Mordant/File Photo
BusinessEmissionsEnvironmentInfrastructureOilRegulations

US sets new safety measures as deep sea oil drillers test new depths

New BSEE rules for ultra-high pressure offshore drilling follow Chevron's breakthrough Anchor project, enhancing safety standards for high-stakes operations.

FILE PHOTO: An oil tank and an oil pumpjack are pictured in the Permian Basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
EmissionsEnvironmentInfrastructureLegislationOilPoliticsRegulations

New Mexico studies oil drilling restrictions that would hit output, revenue

New Mexico's proposed drilling restrictions could cut 5.4 per cent of future oil output, causing billions in lost revenue, report says.

FILE PHOTO: A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019.  REUTERS/Angus Mordant/File Photo
BusinessNatural GasNews

Texas natural gas pipeline eases bottlenecks, paves way for higher shale output

A new Texas pipeline has eased gas constraints, paving the way for higher U.S. oil production, say energy execs.

FILE PHOTO: The sun sets behind power lines above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson/File Photo
BusinessEconomyElectricityNatural GasNewsOilPoliticsRegulationsTransmission

Texas approves plan to boost oil and gas drillers’ power grid access

Texas has approved a $15B plan to expand power grid infrastructure in the Permian Basin, vital for rising oilfield energy demands.

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