In March, the upstream sector of the Texas oil and natural gas industry achieved unprecedented growth, setting a new record for job...
By Tsvetana Paraskova |OilPrice.com| Halliburton Company (NYSE: HAL) booked slightly higher-than-expected adjusted earnings for the first quarter, driven by rising international demand for...
As the landscape of U.S. oil exports evolves, ambitious projects like the Sea Port Oil Terminal (SPOT) spearheaded by Enterprise Products Partners...
Story By Jennifer A. Dlouhy | Bloomberg | via RigZone.com | The Biden administration on Friday finalized a plan to prevent oil...
By Laura Sanicola |Reuters| U.S. oil output from top shale-producing basins will rise in May to the highest level in five months, the...
by Bloomberg|P.Sykes, A.Shahla, E.Bronner|via RigZone.com| Iranian state media confirmed an attack by Israel in the early hours of Friday and said the...
On Wednesday the Alaska House of Representatives made a significant decision to support the advancement of carbon sequestration technologies. This move will...
Blanchard Royalties refer to the practice of the pooling or communitization of royalty interests such that each royalty owner would get their...
U.S. President Joe Biden has been actively involved in managing gasoline prices, a concern highlighted by John Podesta, a senior adviser at...
The Red Sea is a sea inlet of the Indian Ocean, lying between Africa and Asia. Its connection to the ocean is in the south, through the Bab-el-Mandeb Strait and the Gulf of...
The energy sector is off to a lower start, pressured by weakness in the crude complex and in the major equity futures. U.S. stock futures are lower, dragged by pre-market losses in the Financial and Energy sectors, as the market digests a range of headlines. Investors are also bracing themselves for tomorrow’s Consumer Price Report which should provide more color on the Federal Reserve’s policy path.
Oil futures on both sides of the Atlantic are trading down ~5% in early trading, pressured by concerns over a fresh financial crisis following the fall of Silicon Valley Bank. Investors are also worried the Federal Reserve will continue to hike rates at a faster-than-expected pace amid a resilient economy and high crude oil inventories in the United States. Brent crude oil is trading near its January lows, while WTI touched prices not seen since early December. Rising optimism around Chinese demand recovery and weakness in the dollar are helping to cap losses.
Natural gas futures are slightly lower as forecasts suggest weather is expected to turn warmer in the near term.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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