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...
Matt Oliver | The Telegraph | A Labour campaigner’s oil and gas company will sell its North Sea assets after concluding Britain...
Cincinnati-based Synthica Energy has officially broken ground on a new Renewable Natural Gas (RNG) facility in Rome, Georgia, just outside Atlanta. Named...
Story By By Mella McEwen, Oil Editor| Midland Telegram Reporter | Construction of the 42-mile electrified conveyor system carrying sand from Atlas Energy...
Story By Robert Stewart | UpStreamOnline.com | New York-listed driller Nabors Industries will acquire competitor Parker Wellbore for nearly $360 million, the...
By Devika Krishna Kumar and Alex Longley | (Bloomberg) — US oil producers pounced on a chance to lock in prices, known as...
Exxon Mobil Corp, the leading oil producer in the U.S., is planning to sell part of its assets in North Dakota’s Bakken...
(Reuters) -U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, remained at 589 in the week to Dec. 20. That puts the total rig count down 31 rigs, or 5% below this time last year.
Baker Hughes said oil rigs were up one to 483 while natural gas rigs were down one to 102. The oil rig count was the highest since September.
Trump said he wants the European Union to conduct large-scale purchases of American oil and gas and threatened tariffs if they don’t, adding to wider economic concerns as the US government is facing an imminent shutdown over funding plans. The Federal Reserve on Wednesday scaled back the number of cuts it expects next year, signaling a more hawkish approach to inflation.
Crude pared losses and US equities pushed higher on Friday after the central bank’s preferred gauge of inflation came in muted for November, signaling that the selloff on the Fed’s announcement was overdone.
U.S. stocks closed sharply higher Friday, with all three major indexes bouncing as investors appeared relieved that fresh data showed inflation rose slightly less in November than forecast.
The Dow Jones Industrial Average rose 498.02 points, or 1.2%, to close at 42,840.26, losing steam in afternoon trade but still finishing with its biggest gain since the day after the U.S. presidential election held in early November.
The S&P 500 climbed 63.77 points, or 1.1%, to end at 5,930.85.
The Nasdaq Composite gained 199.83 points, or 1%, to finish at 19,572.60.
But all three indexes booked weekly losses after stocks slumped Wednesday on the Federal Reserve signaling a potentially slower pace of interest-rate cuts next year. The Dow dropped 2.3%, logging a third straight week of declines. The S&P 500 saw a weekly loss of 2%, while the technology-heavy Nasdaq declined 1.8% for the week.
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Have your oil & gas questions answered by industry experts.