by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...
Mergers and acquisitions in the U.S. oil and gas industry increased by 57% last year, as companies in the U.S. also increased...
APA Corporation is considering the sale of oil and gas drilling properties located in the Permian Basin, spanning Texas and New Mexico,...
Mark Jaffe’s report in The Colorado Sun details how Prospect Energy’s operations in Larimer County have been shut down due to severe...
The U.S. liquefied natural gas (LNG) sector, despite its rapid rise as the world’s largest exporter, is facing increasing challenges that threaten...
By Julianne Geiger for Oilprice.com | U.S. average gasoline prices fell week over week on Friday, at $3.42 per gallon—the cheapest Friday...
By Mella McEwen,Oil Editor |Midland Reporter Telegram| Endeavor Energy Resources announced on Friday the passing of its founder and chairman of the board,...
Governor Gavin Newsom’s recent proposal to require California refiners to maintain a minimum fuel reserve may seem like a bold move to...
Story by Andreas Exarheas| RigZone.com| Hedge funds and Commodity Trading Advisors (CTAs) reduced their longs across the four main Brent and WTI...
Chevron has achieved a significant milestone in oil production, announcing on Monday that it has successfully pumped oil from a field operating...
U.S. stocks closed higher, with the S&P 500 scoring another record close as investors await an inflation update on Friday.
The Dow Jones Industrial Average added 260.36 points, or 0.6%, ending at 42,175.11, its second-highest close ever.
The S&P 500 rose 23.11 points, or 0.4%, ending at 5,745.37, scoring its 42nd all-time closing high this year.
The Nasdaq Composite added 108.09 points, or 0.6%, ending at 18,190.29.
Traders were dialing back expectations for how big an interest-rate cut could be on the docket at the Federal Reserve's November meeting. The odds were shifting in favor of a cut of 25 basis points on Thursday after a string of economic data pointed to resilience in the U.S. economy.
While the labor market remains the biggest focus, investors will be monitoring Friday's inflation data via the Fed's preferred PCE index. The data is likely to show inflation cooling further, backing additional rate cuts.
The numbers: Orders for durable goods were flat in August, the Commerce Department said Thursday. The result was much better than anticipated. Economists had forecast a 3% fall in orders for durable goods — products made to last at least three years.
Durable goods orders rose a revised 9.9% in July, up slightly from the prior estimate of a 9.8% gain.
Core capital goods orders, which exclude volatile sectors like transportation and defense, rose 0.2% last month after a 0.2% drop in July.
Shipments of core goods, which are factored into GDP, rose 0.1% in August.
The companies announced Sept. 26 that Chesapeake Energy’s $7.4 billion merger with Southwestern Energy is expected to close in the first week of October, with the combined company renamed Expand Energy Corp.
The two natural gas players said they had cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Expand Energy will become the largest gas producer in the U.S. with its massive, dual footprints in both the Appalachia and Haynesville shale plays.
The all-stock acquisition of Southwestern by Chesapeake was first announced in January, but additional scrutiny and information requests by the Federal Trade Commission caused some delays. The new Expand name was only announced on Sept. 26.
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...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(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...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
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...
Have your oil & gas questions answered by industry experts.