Artificial Intelligence (AI) is increasingly pivotal in reshaping various sectors, including oil and gas. In this industry, traditionally characterized by high capital...
Story By Geert De Lombaerde |Oil & Gas Journal| Civitas Resources Inc., Denver, has signed agreements to sell two asset packages covering...
Story by Andreas Exarheas| RigZone.com |In a report sent to Rigzone late last week, analysts at J.P. Morgan said they now expect the...
The oil and gas industry stands at a pivotal juncture, navigating through escalating demands, fluctuating market dynamics, and an imperative transition towards...
By Matt Busse |Cardinal News| The Mountain Valley Pipeline’s lead developer said Tuesday it anticipates the natural gas project will have a...
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...
French energy company TotalEnergies is embarking on a project to develop a $9 billion oil and gas venture in Suriname's offshore region....#hydrocarbons #offshoreoil #OilandGas #southamerica #Suriname #TotalEnergieshttps://t.co/RDm3jyvl8p
— QUATRO International Inc. (@QuatroInc) September 21, 2023
Energy stocks opened higher, led by a small rebound in oil prices, and despite fairly sizeable losses in the broader equity benchmark futures prices. Equities are set to continue yesterday’s sell-off, as a more hawkish than expected tone struck by Fed Chair Jerome Powell signaled that rates will remain higher for longer. News flow is beginning to slow as quarter-end nears and quiet periods ahead of earnings approach.
Oil prices fell on Thursday, after posting the largest decline in a month in the previous session, as the U.S. Federal Reserve held rates but signaled potential future hikes, offsetting the impact of drawdowns in U.S. crude stockpiles. Energy markets reacted little to data from the EIA on Wednesday showing crude inventories fell in line with expectations last week, with some analysts saying the 2.14 million barrel decline versus an expected 5.25 million barrel draw was smaller than they expected.
Natural gas futures are lower by 1% on cooler-than-expected season temperatures, while weekly inventory data is expected to show a build of 67 bcf.
🛢Low growth, high #inflation: Europe will suffer the most from oil shortages
The OECD in its new forecast increased US GDP growth, and for the Eurozone, on the contrary, reduced it to 0.6% this year and 1.1% next year, #Bloomberg notes. The situation on the fuel market will… pic.twitter.com/vrj465ykVL
— Christian Reuel (@ChristianReuel_) September 21, 2023
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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