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...
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca River continues to threaten oil transport lines and the Coca Codo Sinclair hydroelectric plant, Ecuador’s largest.
Crude oil prices fell Sunday after the Organization of the Petroleum Exporting Countries and its allies announced Saturday they will increase oil production by a larger-than-expected amount in August, as part of a continuing effort to reclaim market share by lowering prices.
Meanwhile, U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.
U.S. drivers may pay the lowest Independence Day prices for gasoline at the pump since 2021, as easing tensions between Israel and Iran have helped pull oil prices lower. However, whether cheaper fuel prices will persist for the rest of the summer is a bit harder to predict.
Heightened production from the Organization of the Petroleum Exporting Countries and its allies (OPEC+), along with trade-policy concerns, have muted the “typical springtime rise in prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Earlier this week, the average price for regular unleaded gasoline was $3.155 a gallon, according to GasBuddy. That’s up 6.2 cents a gallon from a month ago, but down 34 cents from a year ago.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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