By: Paul Takahashi – Houston Chronicle – Plugging and cleaning up the abandoned oil and gas wells in Texas could cost companies...
By: S&P Global Platts – ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly...
By: S&P Global Platts – ConocoPhillips sees the US’ Eagle Ford Shale as its current main domestic activity focus, at a time...
By: Nermina Kulovic – Offshore Energy – This downturn’s impact on trunkline demand is, however, lighter than that of 2016, and recovery...
DEVON & WPX MERGER KEY HIGHLIGHTS Merger of equals creates a leading unconventional oil producer in the U.S. Builds a dominant Delaware...
By: Paul Takahashi – Houston Chronicle – Since the first oil rig in the Gulf of Mexico was built in 14 feet...
By: Ahmad Ghaddar – Reuters – Oil prices steadied on Thursday, as a fall in U.S. inventories last week was tempered by...
By: Renee Jean – Williston Herald – Whiting Petroleum is further cutting its costs after emerging from Chapter 11, while another Bakken...
By: Rebecca Ponton – Oilman Magazine – One hundred years is a major milestone and the observance of a centennial usually calls...
By: Silvio Marcacci – Forbes – Few climate proposals have been politicized more than the Green New Deal, although it is essentially...
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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