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...
By: Evening Standard – US President Joe Biden is facing a dilemma in the fight over a large-scale oil project in Alaska. The Biden administration is...
By: Forbes – Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure-play Ranger Oil Corp....
Story by Filip De Mott. Business Insider. As much as 1.9 million barrels of Russian diesel have been put into floating storage...
By: HART Energy – Private equity firm Quantum Energy Partners is backing a new iteration of Bison Oil & Gas to pursue...
By: Reuters – Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil...
$MSFT earnings on Tuesday, $AMZN on Thursday...
Will they follow in $TSLA's footsteps? 🩸 pic.twitter.com/Qra3eWhtLl
— TrendSpider (@TrendSpider) October 21, 2023
Oct 20 (Reuters) U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid-September, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose two to 624 in the week to Oct. 20th. Despite this week's rig increase, Baker Hughes said the total count was still down 147, or 19%, below this time last year. U.S. oil rigs rose by one to 502 this week, while gas rigs also gained one to 118.
In the Haynesville shale in Arkansas, Louisiana and Texas, gas drillers this week added three rigs, boosting the total to 40. That was the first increase in the Haynesville since early July and the biggest increase since December 2022. A year ago, there were 70 rigs operating in the Haynesville.
U.S. oil futures were up about 12% so far this year after gaining about 7% in 2022. U.S. gas futures, meanwhile, have plunged about 35% so far this year after rising about 20% last year.
It sounds like something out of a Netflix crime drama, but this one’s all...
In a stark reminder of the volatile energy landscape and the relentless drive for...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
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...
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...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
After months of tough negotiations and political tension, the United States and Ukraine have...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
Have your oil & gas questions answered by industry experts.