Baker Hughes: US oil, gas rig count retreated in March
US oil and natural gas rig activity posted a second consecutive weekly...
US oil and natural gas rig activity posted a second consecutive weekly decline, falling by three to 621 last week and closing out the month of March down five units, according to Baker Hughes. New Mexico added five rigs, while Texas, Louisiana and Colorado recorded declines.
Weather, geopolitical unrest fuel US gas price hikes
Gasoline prices are increasing more quickly than normal this year, due...
Gasoline prices are increasing more quickly than normal this year, due in large part to severe weather issues and geopolitical unrest overseas, experts say. The average US cost for a gallon of gas was $3.54 on March 27, a 3% increase from a year earlier and a 14% increase over the beginning of this year.
Cleanup of the Francis Scott Key Bridge gets underway. The...
Cleanup of the Francis Scott Key Bridge gets underway. The long and complex process of clearing the collapsed bridge in Baltimore has begun, as what officials called one of the largest cranes on the Eastern Seaboard arrived on the scene. Demolition crews were on hand to cut the bridge into smaller, more manageable pieces, which will allow cranes to hoist the wreckage from the water. Maryland Gov. Wes Moore called the collapse a “national economic catastrophe” that will impact everyone from farmers in Kentucky to auto dealers in Ohio. There remains no timeline for reopening the Port of Baltimore, which handled more than $80 billion in imports and exports last year.
Israeli Prime Minister Benjamin Netanyahu underwent hernia surgery, a day after tens of thousands of Israelis protested his government’s handling of hostage negotiations. It was the largest anti-government rally since Oct. 7.
People love watching monsters battle it out on the big screen: Godzilla x Kong: The New Empire smashed expectations with an $80 million domestic debut in theaters.
X’s valuation has declined by 73% since Elon Musk bought the company, according to Fidelity.
Harvard removed human skin from the binding of a 19th-century book it had in its collections. (Not an April Fools’ headline.)
The Niagara region of Canada proactively declared a state of emergency to prepare for an expected 1 million visitors to view the eclipse next Monday.
In 2023, US natural gas production increased by 4% to reach an average...
In 2023, US natural gas production increased by 4% to reach an average of 125 Bcf/d, with Appalachia, the Permian Basin and the Haynesville Shale contributing 59% of the total production, according to the Energy Information Administration. However, the agency expects a slight production decline this year due to persistently low gas prices and relatively flat rig activity.
BLM targets oil, gas methane emissions with new rule
The Interior Department's Bureau of Land Management has finalized a...
The Interior Department's Bureau of Land Management has finalized a rule designed to reduce methane emissions from oil and natural gas operations on federal and tribal lands by tightening gas flaring limits and mandating improved leak detection methods. In response, American Petroleum Institute Vice President of Upstream Policy Holly Hopkins said, "API supports a smart regulatory framework for reducing methane emissions, but overlapping regulations and lack of coordination between policymakers could hinder progress, create unnecessary barriers to development on federal lands and result in regulatory incoherence."
