DUBAI, United Arab Emirates (AP) — Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a...
In a surprising turn of events, investors have shown an increasing interest in the U.S. Natural Gas Fund (UNG), an exchange-traded fund...
Elliott Investment Management, a prominent activist investor, has recently acquired a $1 billion stake in Phillips 66, a major player in the...
The world lost two of our older and wiser inhabitants this week, with the death of Charlie Munger, at 99, and now...
Google has recently initiated a groundbreaking geothermal energy project in Nevada, contributing carbon-neutral electricity to the state’s power grid, primarily to support...
Story Credit: Andreas Exarheas |RigZone.com|The U.S. Energy Information Administration (EIA) increased its Henry Hub price forecasts for 2023 and 2024 in its...
The Biden Administration on Tuesday announced the successful sale of oil and gas drilling rights in Wyoming, generating $3.4 million. This sale...
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are currently considering deepening their oil production cuts....
STORY BY Mella McEwen, Oil Editor |Midland Reporter| Two major deals put Permian Resources on the radar of energy watchers. First was...
Story by Andreas Exarheas | RigZone.com |In an oil and gas report sent to Rigzone late November 22, Macquarie strategists said they...
May 5 (Reuters) - U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Co said in its closely followed report on Friday.
The total North American oil and gas rig count, an early indicator of future output, fell by seven to 748 in the week to May 5.
Despite this week’s rig decline, Baker Hughes said the total count was still up 43 rigs, or 6%, over this time last year.
Oil rigs fell by three to 588 this week, in their biggest weekly decline since March. Gas rigs fell by four to 157, their biggest weekly decline since February.
The energy sector is off to a higher start, supported by strength in the crude complex and in the major equity futures. U.S. stock index futures pared back some gains after data showed U.S. jobs grew more than expected in April, and a fairly strong wage growth prompted investors to temper their expectations of interest rate cuts from the Federal Reserve. The U.S. economy added 253,000 jobs in April, beating expectations of 180,000 while the unemployment rate changed a little to 3.4% from 3.5% in the previous month.
WTI and Brent crude oil futures are trading higher but remain on track for a third-consecutive week of losses after markets registered dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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 U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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...
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...
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