The U.S. is currently experiencing one of its biggest economic shocks, largely due to high oil prices and the associated costs of...
BP, the oil giant, has temporarily halted its tanker movements through the Red Sea due to increased attacks in the region, attributed...
Tokyo Gas Co., through its subsidiary Tokyo Gas America Ltd., is set to make a major move in the U.S. shale gas...
The United States has made a big splash in the oil world by setting a new annual record for oil production, and...
Shell PLC and Venezuela’s state oil company, PDVSA, are currently at a standstill over how much to charge for future shipments of...
On a decisive Wednesday at the Commissioners’ Conference, the Railroad Commission of Texas (RRC) executed its regulatory duties with vigor, issuing fines...
British oil company BP (BP.L) has significantly reduced former CEO Bernard Looney’s compensation by over $40 million. This decision came after BP...
The largest class of ESG (Environmental, Social, and Governance) funds, controlling about $5 trillion in assets, has increased its investment in the...
By Kate Abnett, Gloria Dickie and David Stanway | DUBAI, (Reuters) – A draft of a potential climate deal at the COP28 summit on Monday suggested...
Story by Patricia Laya & Nicolle Yapur|Bloomberg, via RigZone.com| Oil majors operating in Guyana’s waters, are “moving ahead aggressively” with production plans...
Energy Giant, Chevron on Sunday announced a significant new gas discovery in the eastern Mediterranean Sea, off the shore of Egypt. The reservoirs are in the Nargis Offshore Area concession, operated by Chevron, which holds a 45 percent working interest in the concession.
“Chevron is encouraged and excited by the success of this first exploration well which encountered high-quality reservoirs and follows from Chevron’s entry into the Egyptian upstream sector in 2020,“ said Clay Neff, president of Chevron International Exploration and Production.
“We look forward to working together with the Government of Egypt, the Egyptian Natural Gas Holding Company (EGAS), and our other partners to support the growth of Egypt's energy sector through this exploration program. The eastern Mediterranean has abundant energy resources, and their development is driving strategic collaboration in the region.”
A recent ruling from the Supreme Court of Texas has clarified a long-standing legal...
In the heart of West Texas, where the highways stretch for miles and the...
by Bloomberg|María Paula Mijares Torres |US President Donald Trump said his administration’s talks with Iran...
Laila Kearney (Reuters) – PG&E (PCG.N), California’s largest electric utility, has seen a jump...
The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it...
Published by Kristian Ilasko, Digital Content Coordinator | Hydrocarbon Engineering | Although global oil demand...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
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