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...
When oil and gas wells are shut down and abandoned, dangers to local communities and the environment linger. Story Credit: Carlsbad Current-Argus,...
By: Myra P. Saefong – MarketWatch – Natural gas futures settled Thursday at their highest price since December 2008, with a rise...
Discussion on the future price of oil seems to be a very contentious topic these days. The die-hard bulls will focus on the...
By: Los Angeles Daily News – The Los Angeles City Council voted unanimously on Tuesday, April 4 to support a state Senate...
By: J. Robinson – S&P Global Platts – Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling margins...
The energy sector is off to a lower start, pressured by weakness in the crude complex and in the major equity futures. U.S. stock futures are lower, dragged by pre-market losses in the Financial and Energy sectors, as the market digests a range of headlines. Investors are also bracing themselves for tomorrow’s Consumer Price Report which should provide more color on the Federal Reserve’s policy path.
Oil futures on both sides of the Atlantic are trading down ~5% in early trading, pressured by concerns over a fresh financial crisis following the fall of Silicon Valley Bank. Investors are also worried the Federal Reserve will continue to hike rates at a faster-than-expected pace amid a resilient economy and high crude oil inventories in the United States. Brent crude oil is trading near its January lows, while WTI touched prices not seen since early December. Rising optimism around Chinese demand recovery and weakness in the dollar are helping to cap losses.
Natural gas futures are slightly lower as forecasts suggest weather is expected to turn warmer in the near term.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
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,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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