Oil & Gas News Archives

ConocoPhillips Bows Out Amid Malaysia Oil Sector Turmoil

In a move that is raising eyebrows across the global oil industry, ConocoPhillips has quietly exited a massive deepwater oil project off...

Energy Secretary Chris Wright sought to reassure US oil companies during a visit to Oklahoma, as WTI futures have traded below $65 a barrel.

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Energy Secretary Aims to Reassure Oil Bosses Amid Trade War

by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US oil companies during a visit to Oklahoma, saying...

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Russia and Iran Deepen Energy Alliance With Gas and Nuclear Agreements

Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional energy flows and geopolitical alignments. The agreement includes...

U.S. upstream oil and gas M&A market is facing the most challenging conditions since COVID as oil prices slump and prime acreage dries up.

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Weak oil prices, limited shale acreage to hit energy M&A in 2025, Enverus says

By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the...

ConocoPhillips, layoffs, oil, gas, Houston

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Layoffs Coming as ConocoPhillips Streamlines Operations

In a stark reminder of the volatile energy landscape and the relentless drive for operational efficiency, ConocoPhillips has confirmed plans to cut...

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Houston Faces Pressure from Trade Uncertainty

Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating a complex economic landscape shaped by new tariffs...

Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus? For now, the situation does not look good for oil producers.

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Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus?

By Irina Slav for Oilprice.com | Oil prices have been on the mend this week after taking a dive following President Trump’s...

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Keystone Leak Fixed, Crude Oil Transport Resumes

On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom, North Dakota, resulting in the release of approximately...