Monday, 31 March 2025

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ConocoPhillips completes acquisition of Marathon Oil Corporation

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil...

FILE - In this photo provided by the U.S. Army National Guard, North Dakota National Guard soldiers and airmen work with the Department of Emergency Services to build a handline and conduct a controlled burn to prevent the further spread of a wildfire in Mandaree, N.D., Oct. 6, 2024. (Staff Sgt. Samuel J. Kroll/U.S. Army National Guard via AP)
EmissionsEnvironmentNatural GasNewsRegulations

Natural gas flares sparked two wildfires in North Dakota, state agency says

Natural gas flares at oil wells sparked two North Dakota wildfires earlier this fall, according to reports from the North Dakota Fire Marshal's...

FILE PHOTO: A general view shows Marathon Petroleum's oil refinery, following Russia's invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022.  REUTERS/David Ryder/File Photo
BusinessEconomyNewsOil

Marathon Oil beats Q3 profit estimates on higher production

U.S. shale producer Marathon Oil beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher production and resilient demand for oil. 

Plants are displayed at the booth of American exploration and production of oil and natural gas company ConocoPhillips during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNatural GasNewsOil

ConocoPhillips reports Q3 profit beat, hikes production forecast

ConocoPhillips beats Q3 profit estimates, raises full-year output forecast, and increases buyback authorization by $20 billion.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessNewsOil

ConocoPhillips seeks to keep priority as creditor in Citgo auction

ConocoPhillips seeks to preserve top priority among Citgo creditors in share auction to recover $21.3B for Venezuela's debts.

FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015.  REUTERS/Lucas Jackson/File Photo
BusinessNewsOil

US energy companies’ shares rise as Middle East crisis sparks supply fears

U.S. energy shares rise as oil prices surge amid Middle East tensions and concerns over potential supply threats.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessFinanceNewsOil

Citgo share auction creditors oppose terms of Elliott-affiliate’s bid

Creditors criticize Elliott's $7.3B Citgo bid, claiming it won’t cover Venezuela’s $21.3B debt from expropriations.

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.

People gather outside American University of Beirut Medical Center (AUBMC) as more than 1,000 people, including Hezbollah fighters and medics, were wounded when the pagers they use to communicate exploded across Lebanon, according to a security source, in Beirut, Lebanon September 17, 2024. REUTERS/Mohamed Azakir
BusinessElectionsEnvironmentIndustryNatural GasNewsOilPolitics

Energy execs say they believe VP Kamala Harris is indeed open to fracking

Top natural gas executives say they trust Kamala Harris's pledge to keep fracking, citing energy price concerns.

News Release

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Announces Acquisition

MIDLAND, Texas, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG)...

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