Story by Mathew Fox @Business Insider. The market on Friday watched as regulators shut the doors at Silicon Valley Bank, capping off...
By: Forbes – In a remarkable shift in tone from her appearance at the annual CERAWeek conference in Houston just one year...
NEW DELHI/LONDON (Reuters) – U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as...
By: The New York Times – New intelligence reviewed by U.S. officials suggests that a pro-Ukrainian group carried out the attack on...
By: Reuters – U.S. energy executives and top OPEC officials on Monday discussed concerns about a lack of spare oil production capacity...
By – Reuters – Environmental groups sued the Biden administration on Monday to block the sale of oil and gas drilling rights...
By: Reuters – Guyana, the South American country that is home to the world’s largest oil discoveries in a decade, next wants...
Story from Michael Kern at OilPrice.com. Natural gas is a fossil fuel that has been used for centuries to power homes, businesses,...
By: Reuters – Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal...
[Reuters] Deutsche Bank on March 2 tightened its coal financing policies but has yet to change its criteria for the oil and...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. Oklahoma lost 1 rig, down to 43 rigs now running.
The total oil and gas rig count, an early indicator of future output, fell by four to 600 in the week to May 24, the lowest since January 2022. Baker Hughes said that puts the total rig count down 111, or 16%, below this time last year.
Oil rigs were unchanged at 497 this week, while gas rigs fell by four to 99, their lowest since October 2021.
That cut the rig count in several states and one basin to their lowest levels in years.
In Texas, the state with almost half of the country's operating rigs, the count fell by three to 287, the lowest since February 2022, while in West Virginia, drillers cut two rigs, leaving just six active units, the lowest since August 2020.
In the Marcellus in Pennsylvania, West Virginia and Ohio, the nation's biggest shale gas-producing basin, the rig count fell by three to 26, the lowest since October 2021.
In a stark reminder of the volatile energy landscape and the relentless drive for...
By Irina Slav for Oilprice.com | Oil prices have been on the mend this...
It sounds like something out of a Netflix crime drama, but this one’s all...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
CBS News | Ukraine and Russia blamed each other on Sunday for breaking the one-day Easter...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating...
On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom,...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
Have your oil & gas questions answered by industry experts.