Oil & Gas News Archives

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.

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...

316

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...

Formentera, Pearsall, Frio County, Shale

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Pearsall Shale Delivers Surprise Gusher in Frio County

A long-overlooked shale play in South Texas might finally be showing signs of promise, thanks to a surprising result from Formentera Partners...

The average price of crude oil imports for India fell to below $70 per barrel this month, for the first time since 2021

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India Oil Import Price Drops Below $70 for the First Time Since 2021

By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports fell to below $70 per barrel this month,...

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What Comes After the Shale Era Ends?

Over the past two decades, the U.S. shale revolution has dramatically transformed the global energy landscape. Advancements in hydraulic fracturing and horizontal...

In 2023, 32 oil companies bid $309 million for Gulf of Mexico drilling rights and today, BP announced an oil discovery in the Far South field

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Interior Department Says More Oil Discovered Under Gulf of Mexico

(UPI) — The Department of Interior on Thursday released an analysis of fossil fuel deposits showing an additional 1.30 billion barrels of...

$U.S. oil major Chevron plans to increase the use of a technique that allows it to frac three wells at a time in the Permian Basin$ $U.S. oil major Chevron plans to increase the use of a technique that allows it to frac three wells at a time in the Permian Basin$

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Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time

By Sheila Dang -HOUSTON | REUTERS—U.S. oil major Chevron told Reuters that it plans to increase the use of a technique that...

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