RigZone.com. BP plans to invest $7 billion in its Gulf of Mexico business by 2025, according to a new report published by...
From Barron’s. Shell, Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the...
From Reuters: OPEC will likely take steps to boost oil prices, which started the year in free-fall, the chief executive of top shale producer Pioneer...
Story By Andrew Baker, NaturalGasIntel. An increasingly small percentage of oil and natural gas wells is supplying the majority of U.S. production,...
From Hart Energy. Talos Energy kicked off 2023 with the announcement of commercial deepwater discoveries in the Gulf of Mexico that will...
By: Wyoming Business Report via Casper Star-Tribune – This year is shaping up to be the most normal in a while for...
By: The Dickinson Free Press – Billionaire businessman Harold Hamm has donated $50 million to the group behind the planned Theodore Roosevelt...
Story by Pamela Heaven, Financial Post. Contrary to popular belief, Canada’s oilsands may be the “last barrel standing” as the world shifts...
Prior to the pandemic-induced downturn in world oil production, U.S. oil production growth was responsible for 98 percent of the increase in world...
By: Midland Reporter-Telegram – China is expected to set the tone for oil markets in 2023. Peering into their crystal balls, analysts...
Pressure-pumper Liberty Energy Inc. has followed rig operator Helmerich & Payne (H&P) in U.S. wildcatters Bryan Sheffield and Dick Stoneburner’s development of Australian shale.
Liberty invested US$10 million in Australia-brd Tamboran Resources and plans to send a frac fleet to the play in the Beetaloo Basin next year in northern Australia south of Darwin, Tamboran reported.
Liberty’s entry rounds out the upstream portion of Tamboran’s plan to develop the basin’s Marcellus-like rock—the Mid-Velkerri B—providing frac services in well completion post-H&P drilling.
The frac fleet is expected to arrive in 2024. H&P sent a modern rig, a FlexRig 3, to the play earlier this year.
First responders, the Midland Police Department and the Midland Fire Department were called to a fire located inside the historic Petroleum Building in downtown Midland during the evening hours on Monday.
According to reports, the fire was on the ninth floor of the building. The building owner, David Arrington, said that there were no injuries reported during the incident.
T. S. Hogan, a Montana attorney, rancher and oilman, came to the Permian Basin in 1925 and became active in the oil business. In 1927, Hogan announced the construction of the Petroleum Building.
The Petroleum Building was designed by the Fort Worth architect Wyatt C. Hendrick and completed in 1929. The building has long played a significant role in the history of Midland, as well as casting a significant role in the development of the city.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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