Reuters – Oilfield service company Superior Energy Services Inc. on Monday said it will shutter its hydraulic fracturing unit, the second supplier...
By Kathleen Sgamma – Las Vegas Review Journal – Perhaps Nevada’s small oil and natural gas industry has been out-of-sight, out-of-mind for...
Bloomberg – Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $2 trillion in the culmination...
Reuters – Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step...
Christopher M. Matthews and Rebecca Elliot – Wall Street Journal – Chevron Corp. is writing down the value of its assets by more than...
Randy Diamond – San Antonio Express-News – Texas oil and gas regulators have granted almost 30,000 permits to burn natural gas into...
Sergio Chapa – Houston Chronicle – Scrum master. Agile coach. Data scientist. Cloud architect. Jobs in the oil and natural gas industry...
Adrian Hedden – Carlsbad Current-Argus – A new database of oil and gas land information from Osebergin the Permian Basin could help...
Kevin Crowley – Bloomberg – At EOG Resources Inc.’s Francisco lease in the heart of the Eagle Ford Shale in South Texas,...
Lisa Friedman – The New York Times — The Senate on Monday confirmed Dan Brouillette, a former lobbyist for Ford Motor Company,...
The energy sector is poised for a lower start amid more losses in crude futures. U.S stocks are set to open slightly higher, though gains moderated after private payrolls for August grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, ADP said in its monthly payroll report.
WTI and Brent crude oil futures are extending yesterday’s sell-off as the market weighs in weaker demand prospects, political unrest in key OPEC+ producers and the possibility of a nuclear deal being announced with Iran. OPEC’s Joint Technical Committee is meeting this morning, with headlines noting the group is increasing its expectations for a 2022 surplus build, explaining that rising energy costs may lead to less demand. Additionally, China's factory activity extended declines in August as new COVID infections and the worst heatwaves in decades weighed in on production. Despite experiencing weaker growth, some of China's biggest cities from Shenzhen to Dalian are imposing lockdowns and business closures to curb COVID-19 outbreaks. However, the API report showed gasoline inventories fell by about 3.4 million barrels, while distillate stocks, which include diesel and jet fuel, fell by about 1.7 million barrels.
Natural gas futures are down in early trading as data suggest inventories are rising. Gazprom halted natural gas flows through Europe's key supply route on Wednesday as the economic battle intensified between Moscow and Brussels.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Harvest Midstream, the Houston-based energy company owned by Hilcorp Energy founder Jeff Hildebrand, has...
Story by Kevin Hendricks, nm.news |New Mexico’s State Land Office shattered revenue records for...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Andrew Kelly | Energy Intelligence | The US Gulf of Mexico holds a...
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