In a pivotal move that reshapes the landscape of the midstream oil and gas sector, Sunoco LP has announced its agreement to...
STORY BY: Andreas Exarheas |RigZone| The militaries of the U.S. and UK – at the direction of their respective governments, with support...
In a move that could redefine corporate climate accountability, Exxon Mobil Corp has taken unprecedented legal action. The oil giant has filed...
Story By Stephen Rassenfoss | Journal of Petroleum Technology | Oil production in the Bakken did something surprising last year—it grew. Forecasters...
In a significant development impacting the oil and gas industry, Hilcorp San Juan L.P., with operations spanning Aztec, New Mexico, and Houston,...
Story By Andreas Exarheas| RigZone.com | Oil prices have failed to achieve any significant momentum in 2024 yet, either upwards or downwards,...
Shell, a leading player in the global energy sector, has recently initiated a series of layoffs as part of its strategy to...
The United States is witnessing a remarkable phase in its oil production history, achieving record highs in oil output while operating with...
In an era where sustainability and efficiency are paramount, the U.S. oil and gas industry has made significant strides in enhancing production...
The oil and gas industry is set to undergo significant shifts in 2024, driven by a combination of market dynamics, technological advancements,...
The energy sector is off to a mixed-to-higher start, supported by strength in natural gas futures and the broader markets, despite weakness in the crude complex. U.S stocks are set to open mostly higher a day after a brutal sell-off on Wall St, as the market awaits to digest more inflation data.
WTI and Brent crude are moving higher during a choppy morning of trading as investors remain concerned the Federal Reserve will continue to aggressively raise interest rates which will put a dent in oil demand. The IEA in its September MOMR today expects global oil demand growth to come to a halt in 4Q22 and with supply outpacing demand into 2Q23, there should be a "much needed" build in stocks. Growth in global oil demand continues to decelerate, weighed down by renewed Chinese lockdowns and an ongoing slowdown in the OECD. Additionally, the Biden administration is looking at refilling the SPR at $80/barrel oil as Secretary of State Blinken stated a new nuclear agreement with Iran in the near term was unlikely.
Natural gas futures are up as record levels of output continue to lend support and on forecast for higher demand in the next two weeks than previously expected.
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...
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 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...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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