Haymaker Minerals & Royalties III acquired a “large-scale diversified mineral portfolio” in partnership with Denham Capital and its affiliates, the Houston-based company...
By: Janelle Stecklein – Claremore Daily Progress – Oklahoma’s coffers are reaping the benefits of soaring oil and gas prices, bringing in...
(Bloomberg) — Pakistan’s energy crisis looks set to drag on for months after another failed attempt by the nation to import gas....
By: Reuters – More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower...
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Matt McGrath, BBC News. Finnish researchers have installed the world’s first fully working “sand battery” which can store green power for months...
By: Reuters – U.S. exports of liquefied natural gas (LNG) in June fell to the lowest in four months, data from Refinitiv...
Failing US electricity grids could be the next vulnerability in the supply chain for oil, energy trader Brynne Kelly says. Most of...
(Reuters) The second-biggest U.S. liquefied natural gas (LNG) export facility hit by fire earlier this month will not be allowed to repair...
Hundreds of people gather for a "Stand With Ukraine" rally in Times Square on Saturday. Ukrainians, Ukrainian Americans and allies gathered to show support for Ukraine and protest against the Russian invasion. https://t.co/PLTXijReLj
📸: Alexi Rosenfeld/Getty Images pic.twitter.com/iQcsIWBkJy
— CBS News (@CBSNews) February 26, 2022
U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row, with the rig count rising for a record 19th month in a row, as crude prices soared beyond $100 a barrel for the first time since 2014.
The oil and gas rig count, an early indicator of future output, rose five to 650 in the week to Feb. 25, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.
In February, the total oil and gas rig count rose by 40, putting the count up for a record 19th month in a row.
Oil rigs rose by 27 in the month, increasing for an 18th consecutive month, and gas rigs were up 12 in the month, growing for a sixth straight month.
U.S. oil rigs rose two to 522 this week, their highest since April 2020, while gas rigs rose three to 127, their highest since December 2019.
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