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Bloomberg – Troubled oil and gas companies may have a hard time persuading their banks to keep extending credit as the outlook...
EIA – U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according...
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By Chris Baltimore Argus Media – A rising shift to “neat” barrels from cocktail-like crude blends at the Louisiana infrastructure hub at...
Bloomberg – Chesapeake Energy Corp.’s options for dealing with its towering debt load are shriveling as the natural gas driller seeks to auction...
Pittsburgh Business Times – Cabot Oil and Gas Corp. CEO Dan O. Dinges on Friday questioned why other drillers are continuing to...
Chris Casteel The Oklahoman – As Democratic presidential candidates court Oklahomans for votes, some are calling for measures that would sharply curtail...
Reuters – South Korea is on track to overtake Canada as the top buyer of U.S. crude oil in 2020 as a...
U.S. energy firms in July cut the number of oil rigs for an eighth straight month while adding natural gas rigs for the first time in three months, energy services firm Baker Hughes said in its closely followed report on Friday.
This week, drillers cut the number of total oil and gas rigs operating for a third week in a row.
The total oil and gas rig count, an early indicator of future output, fell by five to 664 in the week to July 28, the lowest since March 2022, which puts the total rig count down 103, or 13%, below this time last year.
U.S. oil rigs fell by one to 529 this week, their lowest since March 2022, while gas rigs decreased by three to 128.
For the month, drillers cut 10 total oil and gas rigs in July, the smallest decline in three months.
Oil rigs dropped by 16 rigs in July. That put the oil count down for an eighth month in a row for the first time since drillers cut oil rigs for a record 12 consecutive months through November 2019. Gas rigs, meanwhile, rose by four rigs in July, their first increase in three months.
The European Commission has approved a €40m ($44.14m) support measure for the construction and operation of Germany’s first onshore liquefied natural gas (LNG) terminal in Brunsbüttel.
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal...
In the heart of West Texas, where the highways stretch for miles and the...
by Bloomberg|María Paula Mijares Torres |US President Donald Trump said his administration’s talks with Iran...
Laila Kearney (Reuters) – PG&E (PCG.N), California’s largest electric utility, has seen a jump...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand...
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