������ý

BP said Apollo-managed funds will purchase a 25% noncontrolling stake in BP Pipelines for about $1 billion, marking the British energy giant’s first divestment under its turnaround plan.

Shell Plc said its natural gas divisions saw lower sales volumes and trading earnings, the latest sign that 2024 ended on a weak note for major energy companies.

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-elect Donald Trump to “drill, baby, drill,” said an Exxon executive.

BP Plc anticipates strong growth in the U.S. as President-elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.

Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.

Two New Mexico counties accounted for 17% of all onshore oil output in the contiguous U.S. last year.

Texas regulators on Jan. 30 formally asked the state’s attorney general to challenge the Biden administration’s rule that seeks to lower emissions from the oil and gas sector.

Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.

Manufacturing activity in Texas grew in February, leaving economists and others in the industry optimistic about the future of production across the state and even into the Mexican borderlands.

PHARR, Texas — Despite the South Texas trade community’s concern a year ago about the future of free trade with Mexico, 643,313 trucks crossed northbound over the Pharr-Reynosa International Bridge over the last 12 months, an increase of nearly 37,000 from the previous year.