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...
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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...
Argus Media | Growing associated gas production and rising breakeven prices for new oil wells are creating fresh challenges for Permian producers....
Story from BIC.com | The facility will be located near Reno, Nevada, and capable of producing up to 10 GWh of batteries...
Story By Charles Kennedy for Oilprice.com | Europe’s benchmark natural gas prices seesawed in Wednesday morning trade in Amsterdam as concerns about...
Energy stocks have opened mildly lower, tracking weaker broader index futures and lower oil and natural gas prices. In deal news, Occidental Petroleum said it would buy Permian basin-based energy producer CrownRock in a cash-and-stock deal valued at $12 billion.
Oil prices are lower by half a percent to start the week, as market skepticism surrounding OPEC’s intent to keep supply cuts firm into 2024 is weighing, as are recent inventory increases and record production from the U.S. "There is little doubt that the oil complex remains in a state of vulnerability," oil broker PVM's John Evans said in a note on Monday. RBC Capital Markets expects stock draws of 700,000 bpd in the first half, but only 140,000 bpd for the full year. "Prices will remain volatile and directionless until the market sees clear data points about the voluntary output cuts," RBC analysts said in a note.
Natural gas futures are plunging to a 6-month low, and are off by more than 9%, trading around $2.35, as mild weather, strong U.S. daily production, and delays in LNG export capacity upgrades are all impacting prices.
California major Chevron is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spending planned in the Permian Basin.
San Ramon, California-based Chevron Corp. expects organic CAPEX to range between $15.5 billion and $16.5 billion in 2024, the company announced on Dec. 6.
Upstream spending will account for about $14 billion of total CAPEX, two-thirds of which will be allocated to U.S. development.
Of the company’s $6.5 billion for U.S. shale and tight portfolio, about $5 billion will go toward the company’s large footprint in the Permian Basin.
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Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
The race to lower costs and accelerate production timelines in the Permian Basin has...
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