DENVER (CN) – A Colorado community sued the state’s Oil and Gas Conservation Commission in federal court Wednesday, claiming that a state...
By Reuters ~ Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is...
EIA’s January 2019 Short-Term Energy Outlook (STEO) expects several U.S. natural gas market trends from 2018 to continue into 2019 and 2020, including relatively...
When EQT Corp. EQT 0.77% agreed to buy Rice Energy Inc. for $6.7 billion a little over a year ago to create the country’s largest natural-gas producer,...
The greater Anadarko Basin, a prolific source of conventional U.S. oil and gas production since the 1950s, holds an estimated 16 billion...
Drillers in the Eagle Ford, Texas’s other shale oil patch, will likely scale back activity in 2019 as lower crude prices eat...
In a short period, Chevron and archrival Exxon Mobil have overcome most of the leading independent producers to take over as the...
Oil & Gas Investor Magazine ~ Jeff Miller, president and CEO of Halliburton Co. (NYSE: HAL), carries a country charm that subtly...
Shares of QEP Resources, Inc. (QEP)soared 42.7% to $8.68 on Monday after hedge fund manager Elliott Management Corp. made a bid to buy...
Oil & Gas Investor ~ What can we make of oil and gas in 2018? The year started out with much promise...
The energy sector has traded back and forth this morning, pressured by mild weakness in the major equity futures, despite mild strength in the underlying commodities. U.S. stock index futures turned negative, as a hotter-than-expected producer inflation report suppressed market speculation of an imminent interest rate cut by the Federal Reserve this year. A Labor Department report showed PPI rose 0.3% month-on-month in January, compared with a 0.1% increase expected by analysts. Annually, it rose 0.9% versus the 0.6% estimated growth. Meanwhile, the core figure, excluding volatile food and energy items, rose 0.5% month-on-month compared with an estimated 0.1% increase. On an annual basis, it rose 2% versus the 1.6% expected growth.
WTI and Brent crude oil futures are now up slightly as slowing demand forecast by the IEA offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner than later this year. The IEA said global oil demand growth was losing momentum and trimmed its 2024 growth forecast, contradicting the view held by OPEC. Meanwhile, prices were supported by persisting tensions in the Middle East. Gaza's largest functioning hospital was under siege in Israel's war with Islamist group Hamas, as warplanes struck Rafah, the last refuge for Palestinians in the enclave.
Following eight consecutive sessions of declines, natural gas futures are positive as NatGasWeather said a potential cold front could move into the Midwest and Northeast the last week of February. NOAA forecasts yesterday afternoon had both of those regions experiencing above-normal temperatures from 23-Feb to 29-Feb.
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...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(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...
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