By: Scott Carpenter – Forbes – U.S. shale oil and gas producer Apache APA -1.4% Corporation has turned its focus to international investments after...
The Guardian – Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil...
By: Art Berman – Forbes – Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of...
The Street – Denbury Resources (DNR) – shares rose Wednesday, after the oil and natural gas producer unveiled a prepackaged Chapter 11 bankruptcy...
By: Wood Mackenzie – Forbes – As Biden nudges ahead in the polls, the US oil and gas industry should prepare for...
By: Sergio Chapa – Houston Chronicle – Drilling rig towers may soon break the horizon of Lake Somerville, a popular reservoir 90...
CNBC – Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told...
By: Bryan Gruley, Kevin Crowley, Rachel Adams-Heard, and David Wethe – Bloomberg – Twenty years ago, before the U.S. oil industry became...
Houston Chronicle – Banks are selling off loans and cutting credit lines to oil and gas companies to reduce their risk of...
By: Clifford Krauss – The New York Times – In the first big deal since oil prices crashed four months ago, Chevron...
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to February 14.
Despite this week's rig increase, Baker Hughes said the total count was still down 33 rigs, or 5% below this time last year.
Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 101.
The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on paying down debt and boosting shareholder returns rather than raising output.
Top oilfield services provider SLB is restructuring certain business functions and expecting more job cuts, according to a source familiar with the matter and an internal email seen by Reuters.
The U.S. stock market closed mostly lower Friday as investors weighed a retail sales report that was weaker than Wall Street expected, but major benchmarks saw weekly gains ahead of the three-day holiday weekend.
The S&P 500 slipped 0.44 point on Friday, or less than 0.1%, to end nearly flat at 6,114.63.
The Dow Jones Industrial Average dropped 165.35 points, or 0.4%, to close at 44,546.08.
The Nasdaq Composite rose 81.13 points, or 0.4%, to finish at 20,026.77.
Investors shrugged off tariff concerns and a hot inflation report this week, with the S&P 500 snapping back-to-back weekly losses. The S&P 500 ended Friday just 0.1% below its record closing peak notched in late January.
For the week, the S&P 500 climbed 1.5%, the Dow rose 0.5% and the technology-heavy Nasdaq gained 2.6%, according to Dow Jones Market Data. The stock market's fear gauge, the Cboe Volatility Index, subsided this week while the 10-year Treasury yield fell.
The 10-year Treasury rate ended Friday at 4.475%, its lowest yield since Feb. 6 based on 3 p.m. Eastern time levels, according to Dow Jones Market Data. U.S. stock and bond markets will be closed on Monday in honor of Presidents Day.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
Have your oil & gas questions answered by industry experts.