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Oil & Gas News
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702Oil’s Billion Barrel Sea Surplus Expands
Vortexa’s figures exclude oil in floating storage, defined as oil stored on stationary vessels for at least seven days. by Bloomberg, via...
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480
Texas’ Orphaned Well Count Reaches Highest Level in Nearly Two Decades
Story By Charles Kennedy |OilPrice.com| Texas’ inventory of orphaned oil and gas wells has climbed to its highest level in nearly two...
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Oil’s Five-Month Slide and the Surplus Story: What Backwardation and Contango Are Signaling Now
Whether the weakness persists will show up first in structure and stocks: if spreads settle into contango alongside continued builds, the surplus...
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616
Permian Basin Cuts Emissions While Output Soars
In a rare win for both production and environmental performance, a new analysis by S&P Global Commodity Insights found that absolute greenhouse...
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817
Algeria and Saudi Arabia Ink $5.4B Energy Deal
Algeria has taken another major step to revitalize its oil and gas sector, signing a $5.4 billion production sharing agreement with Saudi...
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1.5K
U.S. Shale Faces Rising Costs as Core Inventory Wanes
Operators across the Lower 48 are entering a pivotal new phase of development, where rising marginal costs and declining Tier 1 drilling...
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598
Oil in transit hits highest level since 2016
By Irina Slav for Oilprice.com | The amount of oil on tankers in transit has jumped to its highest level since 2016,...
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381
Fossil Fuel Majors Hold 1.5% Slice of Clean Energy
Despite years of glossy sustainability campaigns and promises to lead the energy transition, the world’s largest oil and gas companies control less...
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2.3K
The Legacy and Future of the Yates Oil Field: A Century of Production in the Permian Basin
The Yates Oil Field, located in the heart of the Permian Basin, remains one of the most iconic and prolific oil fields...
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777
Texas Oil Benefits as Ukraine Targets Russian Refineries
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of Russia’s most critical assets: its oil refining infrastructure....
