By Lucia Kassai |BNN Bloomberg | Slowing U.S. oil-production growth is casting a pall over projects intended to expand crude shipments to overseas...
By Darren Barbee | Hart Energy, via Yahoo News | ConocoPhillips Co., looking to shed debt after its $22.5 billion acquisition of Marathon Oil Corp.—a deal...
By Felicity Bradstock for Oilprice.com | President Trump has been emphatic about his support for oil and gas throughout his electoral campaign and...
by Bloomberg|Kari Lundgren| The first ship in a 30 billion-kroner ($2.7 billion) plan to store emissions under the North Sea arrived in Norway...
By Julianne Geiger for Oilprice.com | Despite Trump’s full-throttle push to “unleash” U.S. energy, Permian oil producers are keeping their foot on...
US Energy Development Corporation (USEDC) is gearing up for a big year in 2025 with plans to invest up to $1 billion...
by Andreas Exarheas|RigZone.com| A fact sheet posted on the White House website on Tuesday stated that U.S. President Donald J. Trump signed a...
El Paso billionaire Paul Foster and his partners at Franklin Mountain Energy (FME), a company he helped establish six years ago, have...
By Simon Watkins for Oilprice.com |Following the sudden removal of longtime Syrian President Bashar al-Assad from office on 8 December, the new...
By Felicity Bradstock | OilPrice.com | Several U.S. oil and gas companies have warned that they will not be looking to increase production...
Energy stocks are set to open lower, tracking declining broader index futures and oil prices. Weekly jobless claims of 264,000 were the highest in 19 months, while embattled regional bank PacWest shares are down over 20% after reporting that deposits fell 9.5% last week. A potentially weakening labor market and further troubles in the regional banks are weighing heavily on risk sentiment.
Oil prices erased earlier gains on Thursday during U.S. trading hours as a political standoff about the U.S. debt ceiling overshadowed a G7 finance leaders' meeting, raising jitters about a possible recession in the world's biggest oil consumer.
Natural gas futures are lower by 1% ahead of weekly inventory data.
First quarter earnings were posted by Tulsa’s Vital Energy, Inc. showing stronger oil production than predicted and nearly $114 million in net income from its operations in the Permian Basin.
The company reported oil and total production exceeded the high-end of its guidance, producing 38.5 thousand barrels of oil a day and 80.4 thousand barrels of oil equivalent a day.
Reported first-quarter net income was $113.9 million and cash flows from operating activities were $116.1 million. During the quarter, Vital generated consolidated EBITDAX of $214.2 million and a free cash flow of $3.9 million.
Source: OK Energy Today
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
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By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
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(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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