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The United Arab Emirates is making a major financial play in the United States, announcing a $1.4 trillion investment framework over the...
A jury in North Dakota has delivered a devastating blow to Greenpeace, ordering the environmental campaign group to pay over $660 million...
By Alex Kimani| OilPrice.com | Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers...
Crowley has officially raised the U.S. flag on American Energy, marking the beginning of operations for the first domestic liquefied natural gas...
APA Corporation and its partners, Lagniappe Alaska and Oil Search (Alaska), have made a significant oil discovery in Alaska’s North Slope with...
by Bloomberg|Sara Gharaibeh| Qatar began supplying natural gas to Syria through Jordan, the latest boost to the war-torn country’s interim government following the...
HOUSTON (Reuters)—The American Petroleum Institute, a leading industry group, said on Wednesday that U.S. oil producers and executives will meet with President...
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By Nate Raymond, (Reuters) – A federal judge in Louisiana has rejected a bid by three Republican-led states to block a rule...
U.S. stocks ended lower on Monday as some traders took profits before the end of the year, dimming hopes for the “Santa Claus rally.”
The Santa rally speaks to a seasonal tendency for the S&P 500 to rise over the last five trading days of a calendar year and the first two trading days of the new year.
The Dow Jones Industrial Average ended roughly 1% lower for back-to-back losses, according to preliminary closing data from FactSet.
The S&P 500 closed 1.1% lower for its third straight daily loss.
The Nasdaq Composite finished about 1.2% lower, also booking its third straight daily loss.
Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was at 589 rigs for a third consecutive week and is down 33 rigs or 5.3% from 622 rigs last December.
The number of rigs seeking crude oil was also unchanged at 483 rigs, down 17 from 500 a year earlier. The number of rigs drilling for natural gas remained at 102 for the week, down 18 rigs from 120 the previous year.
Texas bucked the national trend, dropping one rig for 284 rigs active across the state, down 25 from 309 last year. New Mexico was unchanged at 103 rigs. Texas was the only major producing state to decline while North Dakota (1) was the only producing state to see an increase.
The Permian Basin remained unchanged at 304 rigs for the week, down five rigs from 309 last year.
Eddy County, New Mexico, remains the most active county in the Permian Basin, hosting 54 rigs for a third consecutive week. Lea County, New Mexico, remains in second place with 46 rigs, down one for the week.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
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Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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