Story By Kevin Crowley|Bloomberg, via World Oil| Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale...
Story By Jason Plautz | E&E News | In the three years since deadly blackouts paralyzed Texas, two major winter storms have hit...
The oil and gas sector’s road to recovery from the pandemic-induced disruptions is marked by a complex interplay of factors that underscore...
On Tuesday night, numerous emergency crews and authorities responded to a gas pipeline explosion near the Texas-Oklahoma border. Videos of the explosion...
In an unprecedented shift in the energy landscape, the oil and gas industry is poised to channel more than $1 trillion into...
By Rakteem Katakey |Bloomberg, via RigZone.com| Saudi Aramco abandoned a plan to boost its oil output capacity in a huge reversal that...
In 2023, Texas’ oil and natural gas industry set a historic benchmark by contributing $26.3 billion in state and local taxes and...
In the evolving landscape of global energy, the move towards net-zero emissions is becoming increasingly central to corporate strategies, particularly in the...
The recent sale of the U.S. Federal Helium Reserve, a crucial source of the country’s helium supply, has sparked significant concern in...
The recent announcement of an $80 million federal funding allocation for Texas under President Biden’s Investing in America agenda marks a significant...
The U.S. plans to temporarily allow gasoline with high ethanol content to be sold this summer in a bid to tame high fuel prices, administration officials say https://t.co/5b3JU3MK5g
— The Wall Street Journal (@WSJ) April 12, 2022
The energy sector is pointing to a higher start and set to recover most of yesterday’s losses as benchmark crude futures bounced off six-week lows while major equity futures surged higher and treasury yields backed off following key inflation data. The March consumer prices report showed inflation excluding food and energy costs were slightly less than expected, taking some pressure off markets concerned about aggressive interest rate hikes.
WTI and Brent crude oil futures rebounded this morning, gaining amid reports that Shanghai relaxed some of its COVID-19 restrictions which eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Shanghai yesterday said that more than 7,000 residential units had been classified as lower-risk areas after reporting no new infections for 14 days and districts have since been announcing which compounds can be opened up.
By Michael Kern for Oilprice.com | TotalEnergies, along with its partners QatarEnergy and the national...
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
By Felicity Bradstock for Oilprice.com | Following the massive growth in global renewable energy...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Targa Resources Corp. has launched a non-binding open season for its proposed Forza Pipeline...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
Data centers across the United States are increasingly grappling with one of the most...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
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