Inheriting mineral rights can be akin to stumbling upon a buried treasure. The prospect of tapping into the lucrative oil and gas...
In the midst of a bitter cold snap, Texas faces an alarming situation as natural gas output has plummeted to an 11-month...
In a recent development that has sent ripples through the global oil markets, oil prices have exhibited a slight decline amidst escalating...
A series of earthquakes near Edmond and Arcadia, Oklahoma, occurring late Friday night and continuing into early Saturday morning, have captured significant...
BlackRock Inc., a global investment management corporation, finds itself at the center of a complex situation in Texas. Despite being banned from...
In an unprecedented move to address the increasing seismic activity in West Texas, the Railroad Commission of Texas, the state’s oil and...
The oil and gas industry in 2024 is navigating a complex landscape of challenges and evolving regulations, particularly in the United States....
On January 8, 2024, the downtown area of Fort Worth, Texas, was rocked by a devastating explosion at the historic Sandman Signature...
The recent ruling by the U.S. Supreme Court marks a significant development in the ongoing legal battle between the State of Minnesota...
The Panama Canal is of immense strategic importance to crude oil shippers significantly reducing the voyage time for oil tankers traveling between...
The energy sector is off to a mixed-to-higher start amid a rally in equity futures, which has outweighed a fall in crude oil contracts. U.S. equities are higher in the pre-market as investors react to positive Q1 earnings from Microsoft, while they await to digest more corporate data which will provide clues on the Fed’s interest rate path. As earnings season continues to heat up, Hess Corp reported first-quarter earnings, beating Wall St estimates, and disclosed a new discovery offshore Guyana by a consortium led by Exxon Mobil.
WTI and Brent crude oil are slightly lower as falling U.S. inventories failed to eclipse weak economic data and concerns over a hard landing. According to API figures, U.S crude stockpiles fell by about 6.1 million barrels last week, outpacing a 1.9-million-barrel decrease in gasoline inventories. Additionally, WTI Midland is set to be added to the S&P Global Platts and is the first crude from outside the region to be added to the traditionally European-based basket. The amount of Midland crude arriving in Europe has climbed in the past year, following the sanctions on Russia which have only strengthened the importance of WTI across the Atlantic.
Natural gas futures are lower on the last day before the expiration of the front-month contract on forecasts for milder weather in the next two weeks.
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...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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