Chevron Corporation has announced its decision to relocate its headquarters from San Ramon, California, to Houston, Texas, marking the end of an...
As Joe Biden’s vice president, she strongly supported every anti-energy order from the White House, 👀 and saying “There’s no question I’m in favor...
By David White (Bloomberg) — The cost to drill and frack new wells in US shale basins is expected to drop about...
Denver-based Ovintiv Inc. has once again increased its production guidance for the year, following a second-quarter performance that saw output reach the...
Story by Andreas Exarheas| RigZone.com | Oil’s Bermuda triangle is nearing an end, a Bofa Global Research report sent to Rigzone by the...
The relentless pace of transactions in the US shale sector signals that industry players are gearing up for a future with limited...
By Alex Kimani |OilPrice.com| The U.S. Department of Energy has finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum...
Post Oak Minerals V, LLC (“POM V”), an affiliate of Post Oak Energy Capital, LP (“Post Oak”), has announced a significant milestone...
Story Credit: Bloomberg – By Bill Lehane| According to the Renaissance Energy Advisors consultancy, American crude grade WTI Midland has replaced West...
Insurers are now assessing the financial fallout from last week’s massive CrowdStrike software glitch, which crashed computers, canceled flights, and disrupted hospitals...
The total number of active drilling rigs in the United States fell by 2 this week after climbing by 10 over the course of the last four weeks, according to new data that Baker Hughes published Friday.
The total rig count fell to 624 this week. Since this time last year, Baker Hughes has estimated a loss of 160 active drilling rigs. This week’s count is 451 fewer rigs than the rig count at the beginning of 2019, before the pandemic.
The number of oil rigs fell by 2 to 501. Oil rigs are now down by 119 compared to this time last year. The number of gas rigs stayed the same this week at 119, a loss of 35 active gas rigs from this time last year. Miscellaneous rigs fell by 1.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing unfinished, rose by 2 in the week to December 8 to 278. The frac spread count is 20 more than where it started the year.
Israel accidentally killed three hostages. The Israeli army said yesterday that it had mistakenly killed three Israeli hostages in Gaza after misidentifying them as a threat during ground operations. The military said it was still investigating the “sad and painful event” but that it believed the three had escaped from or been abandoned by their captors.
Shipping giants are avoiding the Red Sea. Following attacks on commercial ships by Houthi militants off the coast of Yemen, two of the world’s biggest shipping companies, Maersk and Hapag-Lloyd, said they have paused sending their ships through the Red Sea and will reroute around Africa.
Rudy Giuliani ordered to pay $148 million for defaming election workers. A jury found the former NYC mayor should pay the sum to a pair of Georgia election workers he falsely accused of tampering with ballots to rig the 2020 election, including $75 million in punitive damages.
(Friday market close) U.S. stocks ended mixed Friday, but the S&P 500® index (SPX) and Nasdaq Composite® (COMP) still extended seven-week winning streaks behind encouraging signs on inflation and the economy and beliefs the Federal Reserve will pivot to interest rate cuts in 2024. The Dow Jones Industrial Average® (DJI) posted a record closing high for the third straight day.
Here's where the major benchmarks ended:
Benchmark U.S. crude oil for January delivery fell 15 cents to $71.43 per barrel Friday.
Brent crude for February delivery fell 6 cents to $76.55 per barrel.
Wholesale gasoline for January delivery rose 2 cents to $2.14 a gallon.
January heating oil rose 3 cents to $2.62 a gallon.
January natural gas rose 10 cents to $2.49 per 1,000 cubic feet.
Public Permian player Battalion Oil Corp. is being acquired by a private E&P after continuing to explore strategic alternatives.
Fury Resources Inc. will acquire all of Battalion’s outstanding common shares for $9.80 per share in cash, representing a total transaction value of approximately $450 million, the companies announced on Dec. 15.
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 Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
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