Chevron Corporation (CVX.N), a major U.S. oil company, announced on Tuesday that it is facing significant non-cash writedowns, primarily impacting its oil...
Mach Natural Resources LP, a prominent player in the oil and gas industry, recently finalized the acquisition of various oil and gas...
New Mexico’s Environment Department has taken a significant step towards sustainable water management by proposing a new set of regulations focusing on...
By: S&P Global – The gas and LNG sectors are calmer after an annus horribilis that threatened to derail the very functioning...
Jon Clark, a former economist to the Legislature and current state cabinet secretary, was appointed on Wednesday to manage New Mexico’s substantial...
In a notable move, Houston-based Battalion Oil announced on December 15 its plan to merge with Fury Resources in a $450 million...
Tulsa-based Vital Energy Inc. is significantly expanding its presence in the Permian Basin, a key oil-rich region in West Texas, through a...
China’s stance on its involvement in Russia’s Arctic LNG-2 liquefied natural gas project is remaining firm: it should not be influenced or...
Story By Jov Onsat|RigZone.com| The European Commission and the three remaining European Union Baltic countries connected to the Russian power grid have...
In the heart of the Oklahoma oilfields, as the 1930s wore on, the spirit of Christmas 🎅 glimmered like a beacon of...
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca River continues to threaten oil transport lines and the Coca Codo Sinclair hydroelectric plant, Ecuador’s largest.
Crude oil prices fell Sunday after the Organization of the Petroleum Exporting Countries and its allies announced Saturday they will increase oil production by a larger-than-expected amount in August, as part of a continuing effort to reclaim market share by lowering prices.
Meanwhile, U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.
U.S. drivers may pay the lowest Independence Day prices for gasoline at the pump since 2021, as easing tensions between Israel and Iran have helped pull oil prices lower. However, whether cheaper fuel prices will persist for the rest of the summer is a bit harder to predict.
Heightened production from the Organization of the Petroleum Exporting Countries and its allies (OPEC+), along with trade-policy concerns, have muted the “typical springtime rise in prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Earlier this week, the average price for regular unleaded gasoline was $3.155 a gallon, according to GasBuddy. That’s up 6.2 cents a gallon from a month ago, but down 34 cents from a year ago.
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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