Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand is expected to grow, the long-term outlook for...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a groundbreaking lawsuit that challenged the state’s enforcement of...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet members north this week to support long-stalled oil...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman...
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal gray area in the oil and gas sector:...
Laila Kearney (Reuters) – PG&E (PCG.N), California’s largest electric utility, has seen a jump of more than 40% this year in requests...
In the heart of West Texas, where the highways stretch for miles and the horizon is dotted with pumpjacks, oil theft is...
by Bloomberg|María Paula Mijares Torres |US President Donald Trump said his administration’s talks with Iran over the weekend were “very good,” as he...
The Railroad Commission of Texas (RRC) announced a major milestone in its employee training efforts this week, highlighting the successful completion of...
Story By David French (Reuters) – President Donald Trump’s pro-energy policies were meant to speed up the construction of the next generation...
The Federal Reserve on Thursday voted to cut its benchmark interest rate by quarter-percentage point to a range of 4.5%-4.75%. The move follows an outsized half-point cut in September.
The Fed is reducing rates to protect the labor market while keeping inflation on a cooling trend. In a statement, the Fed said it would assess the economic data when considering future easing.
Uncertainty over the path of Fed policy has risen since President-elect Donald Trump's victory on Tuesday.
Traders in the federal funds futures market now see a 33% chance of a pause at the Fed's next meeting in mid-December. Before Election Day, the odds were much smaller.
Diamondback Energy, the largest independent oil and gas producer in the Permian Basin, has warned that the U.S. shale industry may be repeating past mistakes of unsustainable growth. The company plans to limit its own output growth to 2% next year, emphasizing the need for financial discipline over aggressive production expansion.
Diamondback's CFO, Kaesa Van't Hof, cautioned that other companies' focus on lowering break-even costs to justify growth has "gotten this industry in trouble in the past" and may be leading the industry back down a problematic path. The broader shale sector is closely monitored, as rising U.S. production has put pressure on OPEC, leading the cartel to delay a planned production increase. Some producers, such as Matador Resources and ConocoPhillips, have already raised their production guidance, but Diamondback aims to prioritize free cash flow over capital expenditure growth.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
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 newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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