In an eye opening move for the energy sector, Houston-based Crescent Energy Co. has announced a merger with its local rival, SilverBow...
Story By J. Robinson | S&P Global | US natural gas producers’ commitment to slow drilling activity in response to low gas...
Oklahoma Attorney General Gentner Drummond recently announced the termination of the legal team hired by State Treasurer Todd Russ to defend a...
by Bloomberg| Bloomberg News, via RigZone.com | Russian April exports of crude and petroleum products dropped to levels last seen in late...
ExxonMobil (NYSE:XOM) recently completed its $60 billion acquisition of Pioneer Natural Resources. This strategic move significantly enhances ExxonMobil’s footprint in the oil-rich...
Story by Jerry Bohnen |OK Energy Today|Ten years after SandRidge Energy had nearly 1,900 employees, the Oklahoma City energy company is down...
Oil and gas companies have added to the so-called fracklog for the second consecutive month, signaling a potential slowdown in U.S. shale...
Chinese companies have secured a significant number of contracts to explore oil and gas fields in Iraq, as revealed by Iraq’s Oil...
In a significant development that has captured the attention of international observers, Russia has reportedly discovered vast oil and gas reserves within...
Michigan Attorney General Dana Nessel recently announced her plans to initiate a lawsuit against the fossil fuel industry, highlighting the role these...
Energy stocks remain under pressure, tracking weaker broader index futures and recent downward trends amid expectations of further Fed tightening. Nonfarm payrolls for June increased 209,000, while the unemployment rate was 3.6%, the Labor Department reported this morning. The figure missed expectations of +240,000. Futures erased some losses on this news, which offers some dovish readthroughs for the Fed, though hike expectations remain the likely outcome for at least the next meeting. Sector news flow is light.
Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting fears of higher U.S. interest rates. U.S. crude stocks fell more than expected and gasoline inventories posted a large draw, the EIA said on Thursday. Top oil exporters Saudi Arabia and Russia this week have also announced fresh output cuts bringing total cuts by OPEC and its allies to around five million bpd, equating to 5% of global oil demand.
Natural gas futures are higher by a penny, inching higher alongside oil prices
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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