In the oil and gas sector, ExxonMobil, Chevron, and Shell have recently marked a significant shift towards rewarding investors, emphasizing a steadfast...
Jobs in Texas Petroleum Industry | A Story By Andreas Exarheas | RigZone.com |In 2023, the Texas oil and natural gas industry...
As the International Energy Agency (IEA) celebrates its 50th anniversary, a growing discourse suggests that the time has come for a significant...
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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...
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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...
Energy stocks have opened mildly lower, tracking weaker broader index futures and lower oil and natural gas prices. In deal news, Occidental Petroleum said it would buy Permian basin-based energy producer CrownRock in a cash-and-stock deal valued at $12 billion.
Oil prices are lower by half a percent to start the week, as market skepticism surrounding OPEC’s intent to keep supply cuts firm into 2024 is weighing, as are recent inventory increases and record production from the U.S. "There is little doubt that the oil complex remains in a state of vulnerability," oil broker PVM's John Evans said in a note on Monday. RBC Capital Markets expects stock draws of 700,000 bpd in the first half, but only 140,000 bpd for the full year. "Prices will remain volatile and directionless until the market sees clear data points about the voluntary output cuts," RBC analysts said in a note.
Natural gas futures are plunging to a 6-month low, and are off by more than 9%, trading around $2.35, as mild weather, strong U.S. daily production, and delays in LNG export capacity upgrades are all impacting prices.
California major Chevron is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spending planned in the Permian Basin.
San Ramon, California-based Chevron Corp. expects organic CAPEX to range between $15.5 billion and $16.5 billion in 2024, the company announced on Dec. 6.
Upstream spending will account for about $14 billion of total CAPEX, two-thirds of which will be allocated to U.S. development.
Of the company’s $6.5 billion for U.S. shale and tight portfolio, about $5 billion will go toward the company’s large footprint in the Permian Basin.
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TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
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Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
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AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
The Oklahoma House Energy Committee recently took a hard look at how the Oklahoma...
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OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
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