David Blackmon Contributor, Forbes. ~On Friday, Secretary of Energy and former Texas Governor Rick Perry traveled to San Antonio to participate in the...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. U.S. rig...
If a landowner wishes to benefit financially from minerals lying below the surface, the owner can split or sever the property into...
HOUSTON/NEW YORK (Reuters) – Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole...
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(Bloomberg) — Oil producers in the Permian Basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk...
Source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production As domestic production continues to increase, the average density of crude oil...
SEATTLE, Oct. 12, 2018 /PRNewswire/ — JND Class Action Administration – Citation Oil and Gas Corp. The Settlement Class includes: All non-excluded owners of a...
U.S. natural gas supply report. Source: U.S. Energy Information Administration, Natural Gas Monthly, September 2018 In the first half of 2018, U.S. natural gas...
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Benchmark U.S. crude oil for February delivery fell $2.34 to $71.77 per barrel Thursday. Brent crude for February delivery fell $1.26 to $78.39 per barrel.
Wholesale gasoline for January delivery fell 6 cents to $2.09 a gallon. January heating oil fell 6 cents to $2.56 a gallon. February natural gas rose 12 cents to $2.56 per 1,000 cubic feet.
The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday.
The department said it bought the oil, for delivery to a site in Big Spring, Texas, for an average of $77.31 a barrel, below the average of $95 a barrel that oil sold for in 2022.
The administration of President Joe Biden had conducted sales last year, including a record one of 180 million barrels, to help control oil prices after Russia, a large crude exporter, invaded Ukraine.
The U.S has now purchased about 14 million barrels for replenishment after last year’s sales. About 4 million barrels are also coming back to the SPR by February as oil companies return oil that had been loaned to them through a swap.
Qatar announced a major milestone for its crude oil exports as it signed a five-year crude sales deal with Shell. The agreement calls for the supply of 18 million barrels of oil annually for five years.
QatarEnergy signed the deal with Shell International Eastern Trading Co. and has committed to supply Qatar Land and Qatar Marine crude oils to the international oil giant’s trading arm in Singapore.
The deal is part of QatarEnergy’s strategy to engage long-term business partnerships. In a statement, Saad Sherida Al-Kaabi, the minister of state for energy affairs and president and CEO of QatarEnergy, said, “We are delighted to sign our first-ever five-year crude sales agreement.”
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Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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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...
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The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(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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