The Apache Corp. says the Permian Basin was a key player in its successful third quarter with newly acquired properties in the...
Oil prices erased earlier losses and moved higher on Thursday just after the U.S. Bureau of Labor Statistics released data for October...
By: Texas Tribune – Republican state Sen. Dawn Buckingham, R-Lakeway, won the race for Texas land commissioner Tuesday, putting her in charge...
By: Reuters – The United States and European Union plan to unveil a joint agreement this week to step up efforts to...
By: Reuters – Spain’s Iberdrola (IBE.MC) will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production, and customer businesses...
Refracs? From OilPrice.com. A global oil shortage and high fuel prices have triggered calls from President Joe Biden’s administration for U.S. shale...
I have argued in a succession of OilPrice articles, here, here, and here, that the era of rapid growth in shale production output was coming...
By: Reuters – British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after...
By: Reuters – The global liquefied natural gas (LNG) market is undergoing a triple flattening, with prices, volumes, and seasonality leveling off...
HOUSTON (Reuters) – Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled...
Crude futures edged lower Tuesday after news reports said Equinor had resumed partial production at Norway’s massive Johan Sverdup oil field after it had been shut down by a power outage, though downside was limited by concerns around developments in the Russia-Ukraine war.
Russian President Vladimir Putin on Tuesday signed a revised nuclear doctrine declaring that a conventional attack on Russia by any nation that is supported by a nuclear power will be considered a joint attack on his country. It follows President Joe Biden’s weekend decision to allow Ukraine to use long-range missiles to strike deep into Russian territory.
Oil rose Monday over 3% on a combination of factors, including the outage at the Johan Sverdup field, which produces 755,000 barrels a day, as well as a softer U.S. dollar and concerns about intensified fighting between Ukraine and Russia, a major oil producer.
As of around 7:45 AM ET, Tuesday morning, here is a snapshot of prices:
West Texas Intermediate crude for December delivery down 33 cents to $68.83 a barrel on the New York Mercantile Exchange.
January Brent crude, the global benchmark, was down 18 cents at $73.12 a barrel on NYMEX.
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...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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