Oil prices jumped as much as 2% on today after President Donald Trump revoked a key license allowing Chevron to operate in...
David Wethe – (Bloomberg) — Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of...
by Zack Budryk | The HILL | The Environmental Protection Agency (EPA) will proceed with Biden-era plans to allow the year-round sale of...
In a decisive move reflecting the current administration’s energy priorities, the Senate voted 54-44 on Tuesday to repeal a regulation that imposed...
The Western Anadarko Basin in Oklahoma has long been a cornerstone of U.S. oil and gas development. Over the years, it has...
Stroy By Nicole Jao| NEW YORK (Reuters) – Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including...
Investing.com |The Energy Information Administration (EIA) has released its latest Natural Gas Storage report, providing an insight into the state of the...
The Trump administration has taken another step toward expanding American crude oil production and exports, approving a second deepwater oil loading terminal...
By Georgina McCartney | HOUSTON (Reuters) – Two large earthquakes that hit the Permian basin, the top U.S. oilfield, this week have...
Brazil’s government has officially approved joining OPEC+, the coalition of major oil-exporting nations, marking a significant step in the country’s evolution into...
The Cedar LNG project, a landmark development in the LNG industry, has recently appointed Samsung Heavy Industries and Black & Veatch for the engineering, procurement, and construction of its floating LNG production unit in Kitimat, Canada. This project is significant as it's the world's first Indigenous majority-owned LNG project, a collaboration between the Haisla Nation and Pembina Pipeline Corporation. It aims to export three million tonnes of LNG annually, utilizing Canada’s sustainable natural gas supply from the Coastal GasLink pipeline.
Cedar LNG is designed to be one of the lowest-emitting LNG facilities globally, with a focus on minimizing environmental impact. The facility will be powered by renewable electricity from BCHydro, aligning with the project's commitment to sustainable and low-carbon LNG production. With major regulatory approvals and memorandums of understanding in place for its total liquefaction capacity, Cedar LNG is progressing toward a final investment decision expected by the end of the first quarter of 2024
Saturn Oil & Gas Inc.'s first Open Hole Multi-Lateral (OHML) Bakken well in Southeast Saskatchewan showcased impressive results, with initial production significantly exceeding expectations. The well, drilled with eight open hole, and unstimulated lateral legs, achieved an initial 30-day average production of approximately 233 barrels per day of light oil.
This performance, 49% above the company's expected production curves, demonstrates the effectiveness of OHML drilling. These wells have smaller surface footprints and require less water compared to conventional techniques, enhancing their economic viability. Following this success, Saturn has identified up to 100 OHML drilling locations in the area, suggesting a potential for significant expansion and development in this region
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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 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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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