By: Jessica Resnick-Ault & Arathy S. Nair – Reuters – Oasis Petroleum Inc and Lonestar Resources US Inc’s bankruptcy filings are the...
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...
Millions of people across the United States remained under winter weather advisories on Friday as two colliding storm systems continue to bring strong winds, rain and snow to much of the country just as people are gearing up for Thanksgiving travel.
"Impactful and for some dangerous weather conditions will continue through early weekend as two separate storm systems impact the Lower 48," the National Weather Service said in a bulletin on Friday.
In California, an atmospheric river is forecast to bring "heavy rain and life-threatening flooding" to northern portions of the state. The Pacific Northwest will see strong wings and "heavy mountain snow." Meteorologists say portions of the Great Lakes, central Appalachians, Pennsylvania and New York could see "heavy snow" into Saturday.
Oil prices climbed Thursday, with U.S. and global benchmark crude settling at their highest levels in nearly two weeks, as traders monitored reports from Ukraine claiming Russia had launched an intercontinental ballistic missile.
The missile was described as Moscow's first use of a long-distance missile designed to deliver nuclear weapons since the conflict began in February 2022. Still, Western officials disputed that such weapons were used.
Price moves
-- West Texas Intermediate crude for January delivery rose $1.35, or 2%, to settle at $70.10 a barrel on the New York Mercantile Exchange. Based on the front month, WTI ended at its highest since Nov. 8, according to Dow Jones Market Data.
-- January Brent crude the global benchmark, rose $1.42, or 2%, to $74.23 a barrel on ICE Futures Europe, the highest since Nov. 7.
-- December gasoline added 0.7% at $2.06 a gallon, while December heating oil HOZ24 rose 2.2% to $2.27 a gallon.
-- Natural gas for December delivery climbed by 4.6% to $3.34 per million British thermal units, scoring the highest settlement in about a year.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
Have your oil & gas questions answered by industry experts.