Carolyn Davis

ExxonMobil profits for the first three months of this year are expected to dip sharply year/year and be down sequentially in part because of weak natural gas and oil prices, the integrated major said. Shell plc also has revised its expectations.  In a Securities and Exchange Commission Form 8-K filing, ExxonMobil noted that commodity prices…

In its second transaction in less than a week, SLB Ltd. agreed Tuesday to buy ChampionX Corp., considered a leader in oilfield reservoir optimization. The all-stock merger with ChampionX, headquartered in The Woodlands north of Houston, was valued at nearly $8 billion. Once the transaction is completed, now expected by year’s end, ChampionX shareholders would…

Natural gas and oil lease sales in the Gulf of Mexico (GOM) should continue, but there’s room for wind development, as well as carbon capture and sequestration (CCS), according to exploration and production (E&P) companies.  Both supporters and opponents of federal leasing in the offshore made their comments on the national leasing program, published late…

Houston, the nation’s fourth largest city and one that built its fortune in oil, natural gas and petrochemicals, is now a mecca for entrepreneurs out to make the next great no-carbon technology.  The city remains the place to forge oil and gas deals, as thousands of energy companies, large and small, have their headquarters in…

Think U.S. natural gas consumption is declining? Think again. In some parts of the country, efforts to stem the growth of natural gas have gone askew, a signal that the future of the abundant, low-carbon fuel may not be in jeopardy. The fact is, consumers like natural gas, American Gas Association (AGA) CEO Karen Harbert…

The first-in-the-nation natural gas ban in Berkeley, CA, is no more after city officials agreed to halt enforcement. The agreement with the California Restaurant Association (CRA), to halt enforcement of the city’s ban on new natural gas pipelines, was anticipated following a ruling by the U.S. Court of Appeals for the Ninth Circuit.  The appeals…

EQT Corp., the No. 1 natural gas producer in the United States, isn’t resting on its laurels. The gas giant is continuing to eye a potential East Coast LNG project, but it’s venturing into the artificial intelligence (AI) market, to gain a slice of the data center power market. Executive Vice President Rob Wingo, who…

Energy operators were cautiously optimistic during their recent quarterly conference calls that Lower 48 natural gas activity would improve in anticipation of increasing LNG demand, but the startup of more export projects is not yet a certainty, according to some analysts. Evercore ISI’s James West, senior managing director, said the U.S. gas rig count jumped…

The U.S. natural gas demand story has been geared to LNG growth, but there’s another story that could become even bigger: fueling a proliferation of computer data centers. The power-intensive artificial intelligence (AI) computer warehouses are to be fueled mostly by abundant and reliable domestic natural gas. It’s the next big thing, according to Williams…