US energy companies

Exclusive: Biden administration moving to escalate energy trade dispute with Mexico

September 6, 2023

Nasdaq President Joe Biden’s administration has asked U.S. energy companies to prepare affidavits documenting how Mexico’s protectionist policies disrupted their investments as Washington prepares to escalate a trade dispute with its neighbor, according to three people familiar with the discussions. The request for affidavits from major U.S. oil and renewable energy companies represents the latest and clearest signal that the

Pioneer Natural, Devon profits beat as oil prices rebound

May 5, 2021

Reuters U.S. shale producers Pioneer Natural Resources and Devon Energy Corp beat Wall Street expectations for first-quarter profits on Tuesday, as COVID-19 vaccine rollouts and easing travel restrictions lifted crude prices. U.S. energy companies have delivered strong profits this year on a rebound in oil prices and deep cost cuts implemented in 2020 at the peak of the pandemic-driven downturn

U.S. voices concern to Mexico about ‘deteriorating climate’ for energy investors

April 2, 2021

Reuters MEXICO CITY- The United States has raised concerns with Mexico about a worsening climate for U.S. energy investors in the Latin American nation, the Office of the United States Trade Representative (USTR) said. Mexican President Andres Manuel Lopez Obrador, bidding to reverse previous reforms that enticed foreign investors, has sought to strengthen the state’s role in the energy sector,

U.S. oil activity jumps as executives remain wary of OPEC, Biden – survey

March 24, 2021

Reuters Activity and spending in U.S. oil fields is soaring this year as the industry recovers from 2020 pandemic-driven oil price crash, according to optimistic-but-wary energy company executives polled by the Federal Reserve Bank of Dallas in a survey released on Wednesday. While improved oil prices have boosted expectations for 2021, executives are cautious about the potential for Biden administration

U.S. energy companies begin restoring oil and gas output after hurricane

October 12, 2020

Reuters HOUSTON – U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area. Chevron Corp, Royal Dutch Shell Plc and BHP Group all said workers were headed back to production platforms in the U.S.-regulated northern Gulf of Mexico. BHP expects to

U.S. energy firms tally damages from Hurricane Sally, begin restarts

September 17, 2020

Reuters HOUSTON – Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days. The storm toppled trees, flooded streets and left almost 500,000 homes and businesses in Alabama and Florida without power. Sally became a tropical depression on Thursday, leaving widespread