Story By Tsvetana Paraskova|Oilprice.com| While U.S. crude oil production breaks record highs, the number of upstream and oilfield services jobs is flatlining...
Story By Alex Lawler, Dmitry Zhdannikov and Shariq Khan | REUTERS |Global oil demand growth needs to accelerate in the coming months, or the market...
Despite Europe’s ongoing efforts to curb energy purchases that fund Russia’s war in Ukraine, French imports of Russian liquefied natural gas (LNG)...
Story By David Carnevali and Kevin Crowley – (Bloomberg) — Refining billionaire Paul Foster is seeking to sell Franklin Mountain Energy, one of...
Riding the momentum of last month’s $5 billion North Dakota asset acquisition, Oklahoma City-based Devon Energy announced record oil production and net...
It has been 20 years since Red Adair died on August 7, 2004, at the age of 89. His company was credited...
Facing the need to secure battleground Pennsylvania, Vice President Kamala Harris is distancing herself from any previous statements opposing fracking. However, Republican...
Story by Andreas Exarheas| RigZone.com | In its latest Maritime Security Threat Advisory (MSTA), which was released on August 5, Dryad Global warned...
The recent sharp declines in major stock indexes have raised concerns of a recession among investors and analysts alike. The Dow Jones...
Story By Caroline Evans, Houston, and Everett Wheeler |Energy Intelligence Group| Independent US gas producers pinched by continually low commodity prices are looking...
The energy sector is poised for a lower start amid more losses in crude futures. U.S stocks are set to open slightly higher, though gains moderated after private payrolls for August grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, ADP said in its monthly payroll report.
WTI and Brent crude oil futures are extending yesterday’s sell-off as the market weighs in weaker demand prospects, political unrest in key OPEC+ producers and the possibility of a nuclear deal being announced with Iran. OPEC’s Joint Technical Committee is meeting this morning, with headlines noting the group is increasing its expectations for a 2022 surplus build, explaining that rising energy costs may lead to less demand. Additionally, China's factory activity extended declines in August as new COVID infections and the worst heatwaves in decades weighed in on production. Despite experiencing weaker growth, some of China's biggest cities from Shenzhen to Dalian are imposing lockdowns and business closures to curb COVID-19 outbreaks. However, the API report showed gasoline inventories fell by about 3.4 million barrels, while distillate stocks, which include diesel and jet fuel, fell by about 1.7 million barrels.
Natural gas futures are down in early trading as data suggest inventories are rising. Gazprom halted natural gas flows through Europe's key supply route on Wednesday as the economic battle intensified between Moscow and Brussels.
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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