Minot Daily News | BISMARCK – A recently completed case study evaluating the middle Three Forks reservoir within the Bakken Petroleum System...
A major environmental crisis has been unfolding in the Kerch Strait, a narrow passage linking Russia’s Krasnodar region and the Crimean Peninsula,...
by Andreas Exarheas| RigZone.com | Crude oil futures could see better prospects as traders return from the holiday break, focusing on a potential...
Cheniere Energy, Inc. (NYSE: LNG), a leading producer and exporter of liquefied natural gas (LNG), has announced the first production of LNG...
Natural gas futures have been climbing, sparked by new weather forecasts pointing to bitter cold arriving in major population centers as soon...
🔘 Despite record-breaking EV sales in China and Norway, global oil demand remains strong. 🔘 While China’s EV market surges, its oil...
by Bloomberg, via RigZone.com |Weilun Soon| The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker...
Italian energy giant Eni has unveiled one of the world’s most powerful supercomputers, marking a significant leap in its technological capabilities. Named...
Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels...
This year’s funding is part of an overall historic $4.7 billion investment from President Biden’s Bipartisan Infrastructure Law to address orphaned oil...
Energy stocks opened the session higher on escalating tensions in the Red Sea, as an oil tanker was seized off the coast of Oman and diverted by armed Houthi rebels this morning, which boosted oil prices. Broader equities were set to rise, though the 8:30 AM ET release of December CPI data showed inflation remains persistent, as consumer prices rose 0.3%, pushing the annual rate to +3.4%.
Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East. The United Kingdom Maritime Trade Operations Authority received a report on Thursday that a vessel about 50 nautical miles east of Oman's coast was boarded by four to five armed individuals. "Slowing demand, unrest in the Middle East and muted price reaction have producers, consumers, and market participants alike feeling paranoid about oil prices," Barclays said on Thursday as the bank lowered its 2024 Brent forecast by $8 to $85 a barrel.
Natural gas futures are lower by ~1% ahead of weekly inventory data. Analysts expect a draw of 119 bcf.
Chesapeake Energy and Southwestern Energy have entered into an all-stock merger agreement transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on Jan. 10, 2024, the companies said on Jan. 11.
The deal would create the U.S.’ largest natural gas producer, but, it is almost certain to face intense scrutiny as a wave of consolidations, largely oil-focused, has already raised the hackles of some Congressional Democrats.
The deal unites Chesapeake and Southwestern’s Appalachia and Haynesville portfolios into a pro forma company with an average net production of approximately 7.9 Bcfe/d. The company would have over 5,000 gross locations and 15 years of inventory.
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...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
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 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....
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