By: Reuters – The UK is expected to announce dozens of new North Sea oil and gas exploration licenses in an effort...
France will restart a shuttered pipeline to send natural gas to energy-strapped Germany, Reuters reported. The formerly east-west pipeline will deliver about...
WALL STREET JOURNAL – STORY BY Benoît Morenne. Sitio Royalties Corp. and Brigham Minerals Inc. have reached a deal to merge to form one of...
By: Reuters – The Kremlin on Monday blamed the West for triggering the worst European gas supply crisis ever and warned the...
From OilPrice.com, via Yahoo News. The energy crisis in Europe is not only disrupting businesses and household finances, but it’s also hitting...
KYIV, Ukraine (AP) — Energy problems plagued Ukraine and Europe as much of the Russian-occupied region that’s home to a largely crippled...
Story by Brendan Coffey, Sportico. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys—natural gas. Over...
By: Reuters – A Texas family which owns 70,000 acres in the Permian basin is exploring options including a sale, putting up...
HOUSTON, (Reuters) – Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager...
G7 finance ministers are set to meet on Friday to thrash out a US-led plan to cap Russian crude oil prices. Officials...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a ninth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by 8 to 674 in the week to June 30, the lowest since April 2022.
Baker Hughes said that puts the total rig count down 76 rigs, or 10%, below this time last year.
U.S. oil rigs fell by one to 545 this week, their lowest since April 2022, while gas rigs fell 6 to 124, their lowest since February 2022.
U.S. stocks closed higher Friday, ending the month strong and the first half of 2023 with robust gains as a long-anticipated economic recession failed to materialize.
The Dow Jones Industrial Average DJIA, +0.84% rose about 283 points Friday, up 0.8%, ending near 34,405. It gained 4.6% in June and 3.8% in the last six months, its best first half since 2021. The S&P 500 index SPX, +1.23% rose 1.2% Friday, 2.3% in June and 15.9% in the first half, its best start to a year since 2019. But the Nasdaq Composite Index was the standout, gaining 1.5% on Friday and 31.7% in the first half of 2023, which was its best first half since 1983, according to Dow Jones Market Data.
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President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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