By: Reuters – The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output...
By: Zahra Tayeb – Business Insider – A divided approach toward the Russian energy trade has become more apparent in recent weeks....
Every Friday a spotlight is shown on the nation’s drilling activity as oilfield services company Baker Hughes releases its weekly rig count,...
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...
(Friday market close)Hopes that the S&P 500 index (SPX) could establish a new all-time high in 2023 faded with the old year Friday as major U.S. equity benchmarks lost ground on December's final trading day. Still, the SPX managed to post its ninth-straight winning week and finished up 24% for the year after falling more than 19% in 2022. Friday's close left the index just 0.4% below its record close of 4,796 posted on January 3, 2022.
Like other large-cap benchmarks, the S&P 500 turned in a strong year behind outsized gains in the biggest technology stocks, propelled by excitement over artificial intelligence (AI). While AI might've been the biggest theme of the year, the Federal Reserve's recent pivot toward possible interest rate trims in 2024 crushed a long rally in Treasury yields, helping interest-rate-sensitive small caps and financials participate in the late-2023 rally as well.
Optimism also stemmed from hopes the Fed can navigate a "soft landing" for the economy that avoids recession even as inflation growth continues to slow. Investors eagerly await the December Nonfarm Payrolls report scheduled January 5 for the latest read on the U.S. economic picture. Here's where the major benchmarks ended:
Benchmark U.S. crude oil for February delivery fell 12 cents to $71.65 per barrel Friday. Brent crude for March delivery fell 11 cents to $77.04 per barrel.
Wholesale gasoline for January delivery rose 1 cent to $2.10 a gallon. January heating oil fell 1 cent to $2.55 a gallon. February natural gas fell 5 cents to $2.51 per 1,000 cubic feet.
Brazil’s oil and gas production reached in November its highest level ever for a single month, data from oil regulator ANP showed on Thursday, eclipsing the previous record set in September.
Oil and natural gas production totaled 4.698 million barrels of oil equivalent per day in the period, ANP said in a statement, with oil output alone rising 18.8% year-on-year to 3.678 million barrels per day.
Natural gas production jumped 15.5% to 162.12 million cubic meters per day, the regulator added.
A federal safety board on Tuesday shared findings of a devastating oil and gas well blowout that occurred three years ago in Burleson County.
The incident, which occurred on January 29, 2020, resulted in the death of three contract workers and left a fourth severely injured.
The Daniel H. Wendland 1-H well, operated by Oklahoma-based Chesapeake Energy, was the location of the deadly flash fire that was felt throughout Burleson County and neighboring communities.
The U.S. Chemical Safety Board, in its comprehensive report, points to critical failures in the operation of the well, particularly in the areas of planning and research. The report also delves into the specifics of what went wrong, revealing the loss of well control triggered an uncontrolled release of hydrocarbons, followed by the escape of oil and gas from the well that quickly found an ignition source.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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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