In the Permian Basin, a prime oil-producing territory, a critical issue has surfaced: the theft of crude oil. FBI findings reveal increased...
Overview: Preparing for the 2024-2025 Winter Heating Season As winter approaches, both natural gas utilities and consumers brace for a season impacted...
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first...
Story Credit| Fox News |Greg Norman, Brie Stimson, Caitlin McFall, Liz Friden, Efrat Lachter | In the largest attack by Israel on...
The first oil well discovered in Oklahoma was the Nellie Johnstone No. 1 in 1897 and at one time in 1927, Oklahoma was the largest...
This summer, U.S. utilities leaned more heavily on fossil fuels for electricity generation than their counterparts in China—a surprising reality that undercuts...
Iran’s upcoming budget plan reveals a significant shift in its allocation of oil and gas export revenues, with more than half directed...
Story by Andreas Exarheas| RigZone.com | In its latest short term energy outlook (STEO), which was released earlier this month, the U.S. Energy...
Story by Lee Ying Shan |CNBC.com| The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform...
Iraq’s Deputy Petroleum Minister, Hamid Younes al-Zobai, recently visited Washington in an effort to secure additional funding from the United States. The...
The energy sector is off to a higher start, supported by strength in the crude complex and in the major equity futures.
After four consecutive days of declines, WTI and Brent crude oil futures turned this morning, regaining ground amid comments from Saudi Arabia that OPEC+ was sticking with output cuts and could take further steps to balance the market. Their statement was echoed by other OPEC+ members UAE and Kuwait who also denied any talks on changing the latest OPEC+ agreement ahead of their next meeting on December 4th. The meeting is set to take place a day before the start of European and G7 measures in retaliation for Russia's invasion of Ukraine, which could support the market. Lingering global recession worries and concern about China's rising COVID-19 case numbers kept a cap on gains.
Natural gas futures are down ~2% in early trading, pulling back from yesterday’s 7.5% rally on a slightly moderating forecast in key consuming regions and ahead of tomorrow’s storage report.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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