By Tom DiChristopher – CNBC News — ConocoPhillips on Thursday announced it has struck an agreement to sell its UK oil and gas...
NEW YORK/HOUSTON (Reuters) – Growing production of Texas super-light oil – and worries about its quality compared with other types of crude...
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CNBC —Chevron announced plans Friday to acquire oil and gas exploration and production company Anadarko Petroleum in a cash and stock deal valued at $33...
LONDON (Reuters) – One of the world’s biggest traders, Trafigura, booked a $254 million loss from oil and gas market hedges last year, highlighting the challenges traders...
By Javier Blas —Bloomberg — Standing at the center of the prolific Permian Basin, Scott Hodges explains how the future of the world’s...
(Bloomberg) — For the last six years, Kevin Bowen has made good money selling sand to shale frackers who use it for...
(Reuters) – Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to record negative levels as a...
Roswell Daily Record — A Roswell energy development company has paid almost $400,000 for an oil and gas lease in Lea County,...
Pottawatomie County is a county located in the U.S. state of Oklahoma. As of the 2010 census, the population was 69,442. Its county seat is Shawnee. Pottawatomie County was carved out of land...
Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.
The two engineering, procurement and construction (EPC) contracts were signed for the Hail and Ghasha Offshore Development project that will produce 1.5 billion standard cubic feet per day (bscfd) of gas before the end of the decade.
Exxon Mobil (XOM.N) said on Wednesday big increases in oil, gas, and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below the year ago's record earnings but up from its second quarter.
Exxon's snapshot of operating profits, delivered in a securities filing after the market close, signals a good quarter for oil companies on high oil prices and strong demand for gasoline and diesel.
The largest U.S. oil producer posted a total profit in the same quarter a year ago of $19.7 billion and $7.9 billion in its second quarter this year. Analysts currently forecast a $9.22 billion, or $2.37 per share profit, for the latest quarter, according to financial firm LSEG.
Exxon's oil and gas production earnings were boosted by an about 30% increase in average crude oil prices during the period. The Brent global benchmark ended the quarter near $97 per barrel, up from $72 per barrel at the end of June, JPMorgan said in a note.
Reuters - BP (BP.L) on Wednesday launched its first plant processing renewable gas from landfill since its $4 billion acquisition of the largest U.S. biogas producer Archaea Energy last December.
The renewable natural gas (RNG) plant in Medora, Indiana, can process 3,200 cubic feet of landfill gas per minute (scfm) into RNG – enough gas to heat around 13,026 homes annually, BP said.
Landfill gas, a natural byproduct of the decomposition of waste, is a form of greenhouse gas.
The plant, located near a landfill owned by Rumpke Waste and Recycling, captures gas and converts it to electricity, heat, or renewable natural gas.
The plant's technology is modular, meaning it can be replicated and deployed faster than previous technologies, BP said.
"This is a powerful step forward in our net zero journey to capture landfill emissions and provide customers with lower emission, lower carbon fuel," Starlee Sykes, CEO of Archaea Energy, said in a statement.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
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(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
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