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...
In Nevada, a federal judge has delivered a blow to three tribal nations opposing the construction of what could be the United...
Story By Mitchell Ferman | Midland Reporter-Telegram | Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock...
Endeavor Energy Partners, the largest private oil and gas producer in the Permian Basin, is reportedly considering a sale. Sources suggest the...
By: Adrian Hedden – Carlsbad Current Argus – About half a billion dollars could fund a reserve of treated oilfield wastewater if...
At COP28 in Dubai, a heated debate emerged over a proposal to phase out fossil fuels, potentially marking a historic shift in...
Oklahoma’s state revenues have been notably impacted by a decline in Gross Production Taxes, which are levied on oil and gas production....
Bloomberg News, via RigZone.com | China will see oil demand growth slowing next year, casting a pall over an already disappointing global...
U.S. energy firms cut oil and natural gas rigs this week for the first time in 31 weeks, but the rig count rose for a record 22nd month in a row even.
The weekly rig count decline comes as some U.S. publicly traded firms continue to focus more on returning money to shareholders and paying down debt rather than boosting output.
The U.S. oil and gas rig count, an early indicator of future output, fell by one to 727 in the week to May 27.
U.S. oil rigs fell two to 574 this week, their first decline in 10 weeks, while gas rigs rose one to 151 to their highest since September 2019.
For the month, the oil rig count rose for a record 21 months in a row, while the gas rig count was up for the ninth month in a row, the most since May 2017.
Oil prices rose on Friday, closing out the week with gains ahead of the U.S. Memorial Day holiday weekend, the start of peak U.S. demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil.
Brent crude rose $2.03, or 1.7%, to settle at $119.43. U.S. West Texas Intermediate (WTI) crude rose 98 cents, or 0.9%, to settle at $115.07 a barrel. For the week, Brent rose 6% while WTI gained 1.5%.
"The U.S. driving season and strong travel demand should help (prices). With supply growth lagging demand growth, the oil market is likely to stay undersupplied. Hence, we remain positive in our outlook for crude prices," said UBS analyst Giovanni Staunovo.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Have your oil & gas questions answered by industry experts.