By: Proactive – Jim Ratcliffe’s bid for a majority stake in Manchester United almost saw his chemicals company’s major investment in the US shale...
Story Credit: Will Peischel. New York Times. A century after oil barons scoured Texas for prime plots from which to extract black...
OilPrice.com. Chesapeake Energy will be slowing drilling for 2023 amid a sustained plunge in natural gas prices, with other operators following suit...
Story by Business Insider |Natalie Musumeci | Pro-Kremlin Russian pundits are furious over US President Joe Biden’s surprise trip to Ukraine’s capital...
By – ABC13 – Billy Joe “Red” McCombs, a San Antonio businessman who started as a car salesman and grew an empire...
By – Reuters – Oil prices rose over 1% on Monday, buoyed by optimism over Chinese demand, continued production curbs by major...
By: Forbes – Ahead of Arsenal’s home game against Brentford the Clock End at the Emirates Stadium unfurled a black banner with...
REUTERS. At least three proposed U.S. LNG export plants have likely found enough customers to receive financial approvals this year, according to...
By: Reuters – Russia’s decision to cut its crude oil production by 500,000 barrels per day reflects its inability to sell all...
Bernd Debusmann Jr – BBC News. A public meeting that was meant to ease fears about a toxic chemical train spill in...
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.