By: Clyde Russell – Reuters – Much of the surge in China’s imports of crude oil in recent months has been provided...
By: Nicole Dienst and Eric Rosenbaum – CNBC – With the coronavirus pandemic slashing demand for the oil and gas that has...
By Becky Yerak, The Wall Street Journal ~ Arena Energy LP has filed for bankruptcy with a plan to sell virtually all...
By: David Blackmon – Forbes – Just when you thought 2020 could not get any worse for the oil and gas industry,...
by JACK MONEY, THE OKLAHOMAN ~A federal judge ordered Sunoco Logistics to pay interest and punitive damages totaling about $155 million on nearly...
OKLAHOMA CITY (AP) – After initial charges were filed in May, a federal grand jury in Oklahoma City has indicted three men, accusing...
By: Kevin Crowley – Bloomberg – Malaysia’s state-backed oil company Petroliam Nasional Bhd. has had preliminary talks about buying Permian Basin shale driller DoublePoint...
By: S&P Global Platts – With the US’ 2020 presidential election less than three months away, Cimarex’s drilling plans could change if...
By Haley Samsel – Fort Worth Star-Telegram – Thanks to a partnership with a geoscientist in the Permian Basin, a family-owned oil...
Hellenic Shipping News – The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess...
Oil prices turned negative on Tuesday after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.
Brent crude futures for August, the most actively traded contract, settled down $2, or 1.7%, at $115.60 a barrel, after rising to $120.80 earlier in the day. The front-month contract for July, which expired on Tuesday, closed up $1.17, or 1%, at $122.84.
U.S. West Texas Intermediate (WTI) crude settled at $114.67 a barrel, down 40 cents or 0.4% from Friday's close. Earlier in the session, it had touched $119.98, its highest since March 9. There was no settlement on Monday's U.S. Memorial Day holiday.
According to Offshore Energy, ConocoPhillips has delineated its Slagugle oil discovery located in the Norwegian Sea, constraining the recoverable hydrocarbon volume of the main segment. The 6507/5-11 appraisal well – on oil discovery 6507/5-10 S (Slagugle) – was drilled in PL891 in the Norwegian Sea, about 22 km northeast of the Heidrun field and 0.75 km south-southeast of the discovery well. ConocoPhillips is the operator of the license with an 80 percent interest and Pandion Energy is its partner with the remaining 20 percent.
The Petroleum Safety Authority Norway has given ConocoPhillips consent for exploration drilling in block 6306/3 in the Norwegian Sea.
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...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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