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By: Ron Bousso – Reuters – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end...
By: David Wethe & Shely Hagan – Bloomberg – State legislatures across the U.S. are drafting bills to prohibit business with finance...
Brigham Minerals, Inc., a leading mineral and royalty interest acquisition company, today announced record operational and financial results for the quarter and...
By: Bloomberg via YahooFinance – After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing...
By: Lina Saigol – Barrons – Germany halted the Nord Stream 2 gas pipeline as the European Union prepares to levy tough...
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By: Liz Hampton – Reuters – With crude prices at their highest levels in years, U.S. oil drillers are trying to boost...
The energy sector is off to a Holiday shortened week lower, pressured by weakness in the underlying commodities and the major market futures. Concerns of an economic recession as central banks across the world take aggressive actions to tame inflation has sent Wall St. lower in early trading.
WTI and Brent crude oil are down in early trading, as investors continue to remain concerned about the possibility of a recession, despite supply constraints heightened by an expected production cut in Norway due to a possible escalation of an ongoing strike. Oil and gas from Norway, Europe’s second-largest energy supplier after Russia, is in high demand as the country is traditionally a reliable and predictable supplier. The leader of the Lederne trade union said in an interview, that the union would escalate the strike to pressure employers to address demands for wage increases to compensate for rising inflation. The planned escalation could cut 56% of the Nordic country’s gas exports from Saturday, increasing the concern of tight supply.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
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The U.S. Interior Department has proposed a major rule change that could reshape onshore...
The oil and gas sector is undergoing a major digital overhaul, and data is...
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By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
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(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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