Algeria has long been a medium-stakes player in the global game of oil and gas exports, but the energy crisis in Europe...
A shortage of workers is limiting future oil and gas production to offset the effect of lost Russian barrels following the war...
By: Brook Singman – Fox News – The Biden administration on Friday issued an emergency fuel waiver allowing E15 gasoline — fuel...
By: Wood Mackenzie – How is the Russia/Ukraine war changing global energy markets? The Russia/Ukraine war has huge implications for energy markets,...
By: Clifford Krauss – The New York Times – Oil and gasoline prices are climbing. Energy company profits are surging. President Biden,...
The Oil and Gas Lease The oil and gas lease has long been the lifeblood of the oil and gas industry in...
Improvements in oil prices over the past year may be bolstering cash flows at some private equity-backed oil-and-gas companies but it hasn’t lured secondary...
By: Anya Litvak – Pittsburgh Post-Gazette – The next iteration of energy production in southwestern Pennsylvania is likely to lead where its...
Federal officials late last week issued a key permit for the development of natural gas compressor stations in New Jersey and Pennsylvania...
Almost all states and the federal government rely on gas taxes to help pay for transportation projects and keep roads and highways...
Chesapeake posted a quarterly profit of $1.24 billion, or $8.27 a share, compared with a loss of $439 million, or $4.48 per share, a year ago.
Coterra's profit was $1.23 billion, or $1.53 a share, compared with earnings of $30 million, or 8 cents per share, a year ago.
Pioneer earned $2.4 billion during the quarter, up from $380 million last year.
The energy sector is off to a higher start, supported by strength in the underlying commodities and the broader markets. The major market futures have regained ground and are pointing to a higher start as comments from the Federal Reserve hinted a “soft landing” can be achieved and a recession may be avoided.
WTI and Brent crude oil futures have recovered earlier losses and are trading up as OPEC+ is set for a small output increase, despite a call from U.S. President Joe Biden for a meaningful supply boost. Ministers for members of OPEC+ announced they are set to agree on a small output increase of 1000,000 barrels per day. Kazakhstan’s Energy Minister Akchulakov said the group may have to raise production to avoid the market from overheating. Ahead of the meeting, OPEC+ trimmed its forecast for the oil market surplus this year by 200,000 BPD to 800,000 BPD. Data released from the API which showed U.S. crude stocks rose by 2.2mln barrels last week has also provided support to oil futures.
Natural gas futures rose this morning on forecasts for more demand in the next two weeks than previously expected.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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