Story by Matt Egan |CNN, via Yahoo News| Scott Sheffield, founder, and longtime CEO of American oil producer Pioneer Natural Resources, attempted...
In a recent announcement, Devon Energy, a prominent U.S. shale producer, disclosed that it had surpassed first-quarter profit expectations. This achievement comes...
In a pivotal announcement on Monday, Colorado Governor Jared Polis revealed a groundbreaking agreement between the oil and gas industry and environmental...
Brage is a producing conventional oil field located in shallow water in Norway. The Brage conventional oil field recovered 89.79% of its...
In short, geopolitical risk is still both large and intact, in our view ~Standard Chartered Story by Andreas Exarheas| RigZone.com | Recent oil...
Let’s dive into why Liquefied Natural Gas (LNG) is often seen as a game-changer in the shift from coal to cleaner energy...
Abigail Celaya and Madeline Nguyen |Arizona Republic| The eastbound lanes of Interstate 40 at Chambers, Arizona, remained closed Saturday evening after a...
In the current landscape of the energy sector, the staggering investments exceeding $100 billion by the two largest oil companies in the...
The latest pursuit of oil exploration in the ecologically delicate Apalachicola River basin has ignited a renewed wave of opposition, as environmentalists...
Story by Andreas Exarheas| RigZone.com | In a release sent to Rigzone this week, Enverus Intelligence Research (EIR) outlined that U.S. upstream merger...
The energy sector is off to a mix to a higher start, supported by strength in the major equity futures despite losses in the oil markets. U.S. stocks are poised to rebound ahead of an expected interest rate hike by the Federal Reserve.
WTI and Brent crude oil futures are trading down on concerns about fuel demand and the possibility of a recession ahead of an expected interest rate hike by the U.S. Federal Reserve. Global macro continues to drive the oil markets as new inflation reports mixed with fast-changing views in the financial markets have increased the possibility the Fed will be more hawkish than investors had anticipated. This has opened the door to a 75-basis-point interest rate hike, in an attempt to curb inflation. China’s latest COVID-19 outbreak has lent some support to oil futures as investors are worried about a new phase of lockdowns. The EIA said in its monthly report that world oil demand will rise more than 2% to a record high in 2023, although soaring oil prices and weakening economic forecasts dimmed the future outlook.
Natural gas futures have gained followed yesterday’s sharp losses buoyed by intense heat, forecasts for more demand and higher global gas prices.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
In the last 24 hours, tensions in the Middle East have entered a new...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
A-list actors are turning their attention to Wall Street, and this time, the plot...
Tucked into a sweeping fiscal package backed by President Donald Trump, Senate Republicans are...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
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