In the past year, U.S. oil and gas producer Devon Energy (DVN.N) has faced significant challenges in its attempts to acquire at...
Oil and gas companies are escalating their efforts to block a series of high-profile lawsuits aimed at holding the industry accountable for...
Story By Shelby Webb | E&E News| The nation’s most prolific oil region, the Permian Basin, is becoming a hub for industries...
South Korean oil and gas shares experienced a significant surge on Monday following President Yoon Suk Yeol’s approval of a plan to...
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Bloomberg| Story By Julian Lee| An oil tanker holding Russian crude oil off the coast of Ghana is finally unloading its cargo...
OKLAHOMA CITY – Blaine Dyer, 42, of Oklahoma City, and James Dyer, 39, of Edmond, have been sentenced to a total of...
Story By Pat Maio | Cowboy State Daily | The Wyoming office, with federal oversight of public lands, has scheduled an auction...
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Story by Rocky Teodoro|Rigzone.com| Energy Transfer LP is acquiring WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion from...
The energy sector is set to extend yesterday’s declines into this morning’s session, pressured by further weakness in the crude complex and in the major equity indices which continued to fall on growing concerns over global economic growth.
WTI and Brent crude oil futures are down over 4% in early trading with the U.S. benchmark falling back below the $100-mark, driven by additional strength in the dollar, demand-sapping COVID-19 curbs in China and fears of a global economic slowdown. The euro lost ground and is trading near parity with the dollar. Multiple Chinese cities are adopting fresh COVID-19 curbs, from business shutdowns to broader lockdowns in an effort to rein in new infections from the highly infectious BA.5.2.1 subvariant of the virus. While U.S. President Biden will make the case for higher oil production from OPEC when he meets Gulf leaders in Saudi Arabia this week, as analysts don’t expect much from the visit. U.S. Treasury Secretary Janet Yellen is in Asia to discuss ways to strengthen sanctions on Moscow, including a price cap on Russian oil to limit the country's profits and help to lower energy prices. The IEA Executive Director Birol said that any price caps on Russian oil should include refined products.
Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and former Texas...
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The International Energy Agency (IEA) has issued a stark warning that the world’s oil...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
Natural gas remains the leading source of electricity generation in the United States, but...
President Donald Trump used his address at the United Nations General Assembly this week...
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts...
West Texas holds a treasure trove of natural gas that could become a critical...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
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