(Reuters) – General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of...
By Austin Weinstein – Bloomberg – So much of the Texas land in the Permian Basin is under production that the lights...
Natasha Turak – CNBC – Saudi Arabia has seriously ramped up its oil exports to China in recent months. How dramatic is...
By Kevin Crowley – Bloomberg – Exxon Mobil Corp. Chief Executive Officer Darren Woods is eyeing oil and natural gas deals despite calls to...
(Reuters) – U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico...
Tom Stromme – Bismarck Tribune – The number of abandoned oil and gas wells in North Dakota has grown 10% over the...
Source: U.S. Energy Information Administration, based on International Energy Statistics Note: Petroleum includes crude oil, condensate, and natural gas plant liquids. U.S....
Gregory Meyer – Financial Times – Genscape, a US company that helped lift the curtain on opaque energy markets, is being sold...
ODESSA, TEXAS (Jennifer Hiller – Reuters) – In west Texas shale towns, the center of the U.S. oil boom, about 3,800 students...
Article originally published by McKinsey & Company.By Jeremy Brown, Florian Christ, Tom Grace, and Sehrish Saud After years of high growth, the...
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.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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,...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
⛔️ Financing from the six largest Wall Street banks for oil, gas, and coal...
Have your oil & gas questions answered by industry experts.