(REUTERS)–Percussion Petroleum II is looking to fetch up to $1.5 billion by selling around 25,000 net acres in the Permian shale basin,...
By: Al Lewis – Houston Chronicle – Marathon Oil earned a ranking near the top of the Chronicle 100 following a year...
Story by Hart Energy. Targa Resources Corp. on June 16 agreed to acquire Lucid Energy Group in the Permian Basin from Riverstone...
Christopher Rugaber-WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters...
By: Robin Bradley – Utility Dive – As the second-largest producer of coal and the fifth-largest producer of energy overall in the...
By: Emily Patsy – Hart Energy – Continental Resources Inc. received a $4.4 billion cash “take private” proposal from its founder Harold...
(Bloomberg) — BP Plc has become the latest international oil company to exit Canada’s high carbon-emitting oil sands — but it almost...
By: Daniel Graeber – Houston Chronicle – High oil prices and runaway inflation will eventually curb demand — and possibly lead to...
By: Kyle Bakx – CBC – With so much pain at the gas pumps these days and the extraordinary price of oil...
Yang Li Hu, a 12-year-old Chinese oil tanker with a bright blue and red hull, was laden with oil as it set...
The energy sector moved higher Tuesday morning, supported by strength in the crude complex and the major equity futures extending their rally into the last week of the year.
WTI and Brent crude oil futures are kicking off the holiday-shortened week higher amid ongoing geopolitical tensions and optimism surrounding the Fed’s dovish pivot. Traders are continuing to focus on last week’s catalysts and are keeping an eye out for more news surrounding tensions in the Middle East. Elsewhere, as of Sunday, Denmark's Maersk announced it is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, citing the deployment of a U.S.-led military initiative to protect ships traveling through the area.
Natural gas futures are lower on forecasts for warmer temperatures.
Spanish oil company Repsol is under investigation by the country's antitrust watchdog over possible abuse of its dominant position in the nation's wholesale fuel market.
The company may have abused of its dominance of the wholesale market between March and December 2022 to increase its petrol station network's market share, the CNMC watchdog said in a statement on Tuesday.
The CNMC statement said that Repsol, Spain's largest oil company, may have offered additional discounts at its petrol stations while raising wholesale prices for rivals such as independent petrol stations.
The investigation was opened after complaints were filed by two associations representing independent fuel station operators.
The New Mexico State Land Office reported Tuesday a record $2.75 billion in revenue for Fiscal Year 2023, which ran from July 1, 2022 to June 30, 2023.
This was the second time in its history the land office raised more than $2 billion, read an announcement, reporting revenue of $2.4 billion in FY 2022.
Of the funds raised in FY 2023, records show about $2.6 billion, or 96.8 percent came from oil and gas sources, including royalty payments, rental fees and other costs paid by oil and gas operators to produce on State Trust land.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(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...
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