In an impactful move set to strengthen its foothold in the Delaware Basin, Kinetik Holdings Inc. (NYSE: KNTK) has announced a $180...
➡️Recent discoveries in Guyana and Namibia have reignited interest in deepwater oil exploration, offering high returns for major oil companies. ➡️Despite forecasts...
Equinor UK Ltd, a subsidiary of Equinor ASA, and Shell UK Limited, a subsidiary of Shell plc, have announced a major energy...
The Biden administration has announced plans to hold an oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge (ANWR) on...
Story By Julianne Geiger for Oilprice.com | The European Union is working with the United States to soften the blow without undermining...
Imagine you own a 135-acre farm in Tioga County, Pennsylvania, and after negotiating what you believed to be a cost-free royalty agreement...
CNX Resources Corporation (NYSE: CNX) has taken a significant step in its operational expansion by announcing the acquisition of Apex Energy II,...
Frank Phillips, born on November 28, 1873, in Scotia, Nebraska, was the eldest of ten children in a farming family. In 1874,...
Crescent Energy Company (NYSE: CRGY) has made a bold move in the energy sector by signing a definitive agreement to acquire assets...
Story by Andreas Exarheas| RigZone.com |Macroeconomic factors, strong supply, and weather disruptions are expected to weigh on oil and energy prices in 2025,...
Auctions remain a popular method for buying and selling oilfield equipment, offering benefits to both parties according to Jim Richie, partner and chief auctioneer at Superior Energy Auctioneers. While buyers can control their maximum spending and sellers can set minimum prices, the competitive nature of auctions often drives prices higher than asking prices. Following the COVID-19 pandemic, truck and road-related equipment prices soared due to supply chain issues, though they've since normalized as new vehicle production resumed.
The market currently features abundant drilling, service, and downhole equipment available for auction, attracting global interest. Richie cites the liquidation of Golden State Drilling, a 47-year-old California company, as an example of the international appeal, with inquiries coming from Kazakhstan, Dubai, Australia, Europe, and South America, demonstrating strong worldwide demand for oilfield equipment.
Oil prices fell sharply Monday, setting the stage for U.S. average gasoline prices to potentially drop below $3 per gallon for the first time since 2021, with the U.S. presidential election approaching. According to GasBuddy data, regular unleaded gas averaged $3.08 per gallon Monday afternoon, down nearly 13 cents from a month ago and 40 cents below last year's prices.
With refinery maintenance season nearing its end and global supplies remaining plentiful, OPIS analyst Tom Kloza sees "no real catalyst" for gas prices to rise. CIBC Private Wealth's Rebecca Babin suggests prices should remain stable barring any disruptions from geopolitical or weather events, as long as crude prices stay low.
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...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
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...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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...
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