The European Union’s recent agreement to significantly curb methane emissions in the energy sector marks a pivotal step in its ongoing battle...
Story By Rocky Teodoro|RigZone.com|Australia’s Karoon Energy Limited is acquiring a 30 percent interest in the Gulf of Mexico’s Who Dat and Dome...
JERUSALEM (AP) — Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday, officials said, taking over...
By: Reuters – A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed...
By: S&P Global – Rising natural gas-to-oil ratios will continue to support gas production in the US’ Bakken Shale, Oneok executives said....
Story By Arathy Somasekhar HOUSTON, (Reuters) – U.S. oil pipeline and export terminal operators are stepping up quality checks on WTI Midland...
Story By Sabrina Valle, Shariq Khan and David French|Reuters| Chevron Corp (CVX.N) said it is evaluating options for around 70,000 net acres of land in East Texas’ Haynesville...
Story By Spencer Kimball |CNBC.com| ExxonMobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation...
By: The Texas Tribune – Attorneys for the city of Midland, the oil capital of Texas, made an unusual request to regulators...
By: S&P Global – Environmental scores indicate that the oil and gas industry’s path to net-zero greenhouse gas emissions is being blazed...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and in the major equity futures which fell as traders navigate a wave of earnings announcements and the start of the Fed's two-day policy meeting. Earnings season continued to ramp up today with ExxonMobil posting a record $56 billion profit for 2022, beating earnings expectations for the fourth quarter.
WTI crude oil futures extended their slide lower for the third-straight session and hit a two-week low this morning, falling on concerns of further interest rate hikes, strength in the U.S. dollar and ample Russian crude flows. Investors expect the U.S. Federal Reserve will raise interest rates by 25 basis points Wednesday, with half-point increases coming from the Bank of England and European Central Bank the following day. Further bearish sentiment followed news that Russia's oil loadings from its Ust-Luga port is expected to rise at the beginning of February despite the western sanctions. Traders are also looking for the outcome of an OPEC panel meeting tomorrow with the group expected to recommend keeping the group's current output policy unchanged.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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