By: Irina Slav – OilPrice.com – “There is no scenario where hydrocarbons disappear,” the chief executive of Baker Hughes, Lorenzo Simonelli, said...
By: Scott DiSavino – Reuters – U.S. drillers this week added oil and natural gas rigs for an 11th week in a...
By: Paul Takahashi – Houston Chronicle – Nearly 60,000 oil exploration and production jobs in Texas were lost in 2020, a staggering...
By: Jennifer A. Dlouhy – Bloomberg – The Biden administration is revoking dozens of invalid drilling permits issued by agency workers without...
By: Bryce Erickson – Forbes – The recent rise of oil prices returning to over $50 per barrel is a welcome sign...
By: Derek Brower and Myles McCormick – Financial Times – Smaller, slower, and more profitable. These are the watchwords for Chesapeake Energy...
By: Victoria Cavaliere – Business Insider – Exxon and Chevron discussed merging the oil companies last year, a move that would have...
By: Starr Spencer – S&P Global Platts – The US oil and gas rig count jumped climbed 12 to 442 in the...
By: Andrew Baker – NGI – Lower 48 oil and gas producers have drawn down their inventory of drilled but uncompleted (DUC)...
By: Sergio Chapa – Bloomberg – Elon Musk recently moved to Texas, where he launches some of his rockets and is building a...
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels.
The build comes as the Department of Energy released 5.6 million barrels from the Strategic Petroleum Reserves in Week Ending July 22, to 474.5 million barrels.
U.S. crude inventories have shed some 65 million barrels since the start of 2021, with a 2 million barrel loss since the start of 2020, according to API data.
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal...
Laila Kearney (Reuters) – PG&E (PCG.N), California’s largest electric utility, has seen a jump...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand...
A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
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