The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing Lower 48 basins are grappling with stagnation or...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively agreed to a cease-fire, cooling a rally fueled...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase of significant Midland Basin assets from Murchison Oil...
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts...
(Bloomberg) — Oil companies declined to bid in a US government auction for drilling rights in the Arctic National Wildlife Refuge, as...
Texas set a series of new milestones in 2024 for its oil and natural gas sector, according to the Texas Oil &...
The Biden administration on Friday unveiled its most extensive sanctions package yet against Russia’s oil and gas revenues, aiming to pressure Moscow...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers in the Permian Basin, with deals exceeding (100...
Story by Andreas Exarheas| RigZone.com |. Oil market sentiment appears to have improved significantly over the past month, particularly among hedge funds. That’s...
When it comes to leasing oil and gas mineral rights, mineral owners often find themselves navigating complex transactions that can feel overwhelming....
The energy sector is lower today, pressured by weakness in the underlying commodities. Meanwhile, the major equity futures are mixed, as investors remain uncertain about the timing of interest rate cuts.
WTI and Brent crude oil futures are kicking off the week sharply lower after Saudi Aramco made sharp price cuts to Arab Light, which offset ongoing tensions in the Middle East. Saudi Aramco lowered the official selling price of Arab Light for February to Asia by $2.00/barrel to a $1.50 premium vs Oman/Dubai, the largest m/m cut in over a year. At least three Asian customers told Bloomberg the price drop was unlikely to lead to requests for incremental deliveries while two Chinese buyers said they won't be lifting any term cargoes from KSA this month. Aramco also cut the price of Arab Light to the U.S. and NW Europe by $2.00/barrel. The ongoing war in the Middle East and a force majeure by Libya's National Oil Corporation on Sunday at its Sharara oilfield, is limiting losses.
Natural gas futures dropped earlier this morning as investors take profits following last week’s 16% price gain and on forecasts for colder temperatures for most of the L48 in the third week of January.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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...
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