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...
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...
California Governor Gavin Newsom signed a new law on Monday aimed at preventing gas prices from spiking, marking his latest move in...
Story By Simon Watkins for Oilprice.com | As with the Russia-Ukraine War, a key component of the Israel-Hamas War (and the underlying...
Texas is known as the energy capital of the world, but as Chevron’s Duncan Healey points out, other states play a crucial...
Story By Andreas Exarheas |RigZone.com| Brent crude futures are in correction mode due to the uncertainty surrounding China’s economic outlook and stimulus...
The energy sector is off to a mixed start, pressured by weakness in the crude complex but supported by strength in the major equity futures which bounced higher this morning following yesterday’s late-day selloff.
After three consecutive days of strong gains, WTI and Brent crude oil futures turned lower and were down over 1.5% in early trading. Reports showing higher inventories and record output in the United States weighed on prices and overshadowed lingering concerns over global trade disruptions in the Red Sea. In their latest inventory report, the EIA said that U.S. crude inventories rose by 2.9 million barrels last week, compared with analysts' expectations for a 2.3 million barrel draw and that U.S. crude output rose to a record 13.3 million bpd last week, up from the previous all-time high of 13.2 million bpd. Investors continue to worry about trade disruptions as major maritime carriers choose to steer clear of the Red Sea route, with longer voyages increasing transport and insurance costs.
Natural gas futures turned higher this morning following yesterday’s 1.8% drop, boosted by updated cooler weather forecasts in key consuming regions but gains were capped ahead of the weekly storage report. Analysts expect the EIA data to show a draw of (80) Bcf last week vs the 5-year average of (107) Bcf.
Since the 2015 end of the US' decades-long ban on most crude oil exports, the Texas city of Corpus Christi has flourished into the nation's oil export epicenter, handling more than half of the 4 million barrels per day of US crude exports in the first six months of 2023. Amid dreams of expansion, the city contends with the societal impacts of the energy industry's growth on certain neighborhoods and faces challenges, including an unsuccessful bid to host a federally funded hydrogen hub.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
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 Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
by Andreas Exarheas|Rigzone Staff |RigZone.com |Executives from oil and gas firms have revealed their expectations...
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