Canadian Overseas Petroleum Limited and its affiliates have received a Resource Report prepared by independent energy consultancy Ryder Scott confirming its deep...
Story by Jonathan Stempel (Reuters) –The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as...
By: Reuters – Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession...
Shale pioneer Chesapeake Energy will focus on its key shale gas plays in the United States and will consider its oil-producing acreage...
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By: Washington Post – The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower...
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Energy firms this week increased the number of U.S. oil and gas rigs but cut the count in August for the first time in 25 months, even as oil prices remain relatively high.
The total oil and gas rig count, an early indicator of future output, rose three to 765 in the week to Aug. 26, energy services firm Baker Hughes Co said in its closely followed report on Friday.
Oil rigs rose four to 605 this week, while gas rigs fell one to 158.
In August, the combined oil and gas count was down two rigs after rising for a record 24 months in a row.
Benchmark U.S. crude oil for October delivery rose 54 cents to $93.06 a barrel Friday. Brent crude for October delivery rose $1.65 to $100.99 a barrel.
Wholesale gasoline for September delivery rose 4 cents to $2.85 a gallon. September heating oil rose 6 cents to $4.01 a gallon. September natural gas fell 8 cents to $9.30 per 1,000 cubic feet.
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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By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
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