A Wyoming federal court judge suspended the Bureau of Land Management’s controversial venting and flaring policy this week, dealing a setback to...
US Rig Count Soars Up +10, OKLA +5 Oil futures closed much lower Friday, weighed down by rising trade tensions between the...
In February of this year QEP announced strategic initiatives to transition to a pure-play Permian Basin company, reported fourth-quarter and full-year 2017...
Collin Eaton with The Houston Chronicle penned a good article on the influence of private equity in the oil and gas business, titled...
The data in this story is provided by Oseberg, a next-generation oil & gas information and data analytics company that offers a compelling...
U.S. crude oil production rose by 6,000 barrels per day (bbl/d) in January to 9.964 million bbl/d, the Energy Information Administration (EIA)...
This past winter, during a period of extreme cold throughout much of our nation, a potential natural gas crisis was averted thanks...
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 63 billion cubic feet for the week...
Baker Hughes published its North American rig count report on Thursday, one day earlier than usual, due to the Good Friday holiday...
Update May 14th, 2020 – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21...
"I've been talking about this being a bear market since February," says @downtown. "Here we are in the middle of May, the damage is way worse than anything we saw in 2018...until everyone can agree, 'hey this is the real thing,' I don't see how we bottom." pic.twitter.com/TGJ2JqPtZ7
— CNBCOvertime (@CNBCOvertime) May 11, 2022
Oil companies worldwide have been trying to increase production, but are struggling to balance increases without undercutting shareholder returns, Occidental Petroleum CEO Vicki Hollub said on May 11.
The U.S. oil producer, which plans to resume repurchasing its shares this quarter to reward investors, could boost output by as much as 5% next year if returns stay high. But rising service and material costs have limited what companies can do to quickly address the oil supply.
The company increased its CAPEX by $250 million mostly to cover inflation costs, she said. It also gave up on a multi-rig program for its Colorado operations after having its drilling permits restricted to one unit by regulators for the remainder of 2022, she said.
Occidental will resume its share repurchase program this quarter after reaching its $20 billion net debt target, CFO Robert Peterson said during the call. The producer had previously disclosed plans to use $3 billion for buybacks.
Good morning. If data is the new oil, then oil is the new school lunch Gushers. Due to the run-up in oil prices and tech’s collapse, energy giant Saudi Aramco overtook Apple as the most valuable company in the world yesterday with a market capitalization of about $2.43 trillion.
Markets: The Nasdaq dropping 3% in a day used to be an earth-shattering event on Wall Street—now it’s simply called “May 2022.” Tech stocks continued their total collapse after another hot inflation reading yesterday morning. Carvana, which was labeled a pandemic winner, has crashed nearly 92% from its peak and laid off 12% of its workforce on Tuesday.
More proof of the changing of the guard: In October 2020, Zoom was worth more than Exxon Mobil. Now, Exxon’s market cap is 14x bigger than Zoom’s.
Google unveiled its first smartwatch, the Pixel Watch, as well as a bunch of new/upgraded gadgets.
Cleaner air is associated with a rise in Atlantic hurricanes, a government report found.
Manhattan office update: Just 8% of office workers are back in the office 5x a week. 28% are fully remote.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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,...
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