Woodside Energy and Chevron have announced a transformative asset swap agreement designed to streamline their operations and optimize their portfolios within Australia’s...
By Jov Onsat| rigzone.com |Twelve countries surrounding the Baltic Sea and the North Sea have jointly agreed on “further action” to ward off...
Comstock Inc. (NYSE: LODE) announced today that its subsidiary, Comstock Fuels Corporation, has been approved for a $3 million incentive award from...
William G. Skelly aka William Grove “Bill” Skelly, born to the humble beginnings of Irish and English immigrants in Erie, Pennsylvania, on...
Colorado’s Energy and Carbon Management Commission (ECMC) has unveiled further details regarding the alleged manipulation of contamination data at numerous oil and...
Trevor Hawes |Midland Telegram-Reporter | Banks maintained a “stay the course” mentality during the fall credit redeterminations season, but among the questions...
A recent report from the Biden administration on the environmental impact of increasing liquefied natural gas (LNG) exports has the potential to...
Credit |by Bloomberg, via RigZone.com|L.Kassai, R.Tuttle, E.Elkin| When President-elect Donald Trump announced his plan to impose tariffs on goods coming from Canada...
Russia’s state-owned oil company Rosneft has finalized a significant agreement to supply nearly 500,000 barrels per day (bpd) of crude oil to...
In a story in the New York Times,Rebecca F. Elliott writes that electricity demand is rising so quickly in the United States...
The energy sector is off to a lower start, pressured by weakness in the crude complex. Meanwhile, the major equity futures are edging higher and treasury yields are lower as investors cheer falling labor costs. In sector news, JP Morgan issued several rating changes across its E&P coverage universe. At the same time, ExxonMobil updated its corporate plan outlook, upping its buyback program to $20 billion in stock for 2024, and updating 2024 capex to $23 billion to $25 billion versus the 2023 budget of $23 billion.
WTI and Brent crude oil futures are extending losses for the fifth consecutive session as market participants do not expect recent voluntary cuts to have a major impact on oil prices, amid a weakening demand outlook. Concerns over China's economic health following yesterday’s credit rating decrease by Moody’s also weighed on prices. Traders will now turn to inventory data due later today after digesting last night’s API print, which showed a build of 594K barrels and greatly differs from Reuter’s 1.4-million-barrel draw estimate.
This morning, natural gas futures are higher as analysts expect a large-than-average decline in storage levels. Consensus is looking for a draw of (104) Bcf vs the 5-yr average of (48) Bcf.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
The Yates Oil Field, located in the heart of the Permian Basin, remains one...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
The Oklahoma House Energy Committee recently took a hard look at how the Oklahoma...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
by Andreas Exarheas|Rigzone Staff |RigZone.com |Executives from oil and gas firms have revealed their expectations...
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