The number of Drilled but Uncompleted Wells (DUC’S) sank to its lowest level ever recorded, according to the Energy Information’s latest Drilling Productivity...
Andreas Exarheas|RigZone. Fitch Solutions Country Risk & Industry Research has revealed that it has made a “substantial” upward revision to its gasoline...
OXFORD, England (Project Syndicate)—With images of Russian aggression and war crimes in Ukraine continuing to dominate the media in Europe and around...
Myra P. Saefong – FROM MARKETWATCH ~ Natural-gas futures on Thursday posted a gain for the holiday-shortened week, their fifth weekly climb...
(Reuters) by Liz Hampton – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices...
From RigZone by Bojan Lepic|~ Saipem 7000, Saipem’s giant semi-submersible crane vessel, has tilted in a fjord in Norway with 275 people aboard....
By: Reuters – Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit...
By: Bill Holland – S&P Global Market Intelligence – Labor shortages were the primary factor limiting oil and gas production growth in...
DUBAI (Reuters) – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog (the...
By: Christopher Helman – Forbes – Before its war in Ukraine, Russia was producing about 11 million barrels per day of crude...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the major market futures. U.S. stocks opened in negative territory amid better-than-expected retail data and gloomy comments from Target, which was down nearly 14% in the pre-market.
WTI and Brent crude oil pulled back from earlier highs, as focus shifted back to rising COVID-19 cases in China. Oil futures initially rose amid reports of an attack on an oil tanker off the coast of Oman and as API data showed a bigger-than-expected drop in crude inventories. However, China’s COVID-19 policy continued to dim the demand outlook. In international news, Iraq's oil ministry is looking to increase oil production rates and raise baseline exports in line with global market demand and OPEC's decisions.
Natural gas futures are down as disruptions at the Freeport LNG export plant offset gains from colder weather forecasts. Federal pipeline safety regulators released on Tuesday a heavily redacted report that blamed inadequate operating and testing procedures, human error, and fatigue for the June 8 explosion at the Freeport LNG plant.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
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...
Have your oil & gas questions answered by industry experts.