By: The Guardian – Rishi Sunak will this week announce legislation for a new annual system for awarding oil and gas licences...
By: Reuters – Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output...
(Reuters) – U.S. energy company Tellurian Inc. said on Thursday it remains on target to produce the first liquefied natural gas (LNG)...
Story By Andreas Exarheas |RigZone.com| In a new report sent to Rigzone this week, analysts at Standard Chartered said they think their...
In the bustling world of the energy sector, companies often find themselves in a dance of acquisitions, looking for the right partners...
NEW YORK (Reuters) – U.S. field production of crude oil rose to a new monthly record in August at 13.05 million barrels...
As the sparks of conflict continue to fly between Israel and Gaza, the repercussions are not confined to the region but have...
As the world steadily marches towards a greener future, the path is fraught with challenges, yet filled with opportunities. One such opportunity...
In recent times, the oil and gas sector has been akin to a ship in a stormy sea, with global turmoil and...
SANTA FE, N.M. (AP) — An Australia-based company plans to build a campus in New Mexico to expand its research into hydrogen...
Energy stocks opened the session higher on escalating tensions in the Red Sea, as an oil tanker was seized off the coast of Oman and diverted by armed Houthi rebels this morning, which boosted oil prices. Broader equities were set to rise, though the 8:30 AM ET release of December CPI data showed inflation remains persistent, as consumer prices rose 0.3%, pushing the annual rate to +3.4%.
Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East. The United Kingdom Maritime Trade Operations Authority received a report on Thursday that a vessel about 50 nautical miles east of Oman's coast was boarded by four to five armed individuals. "Slowing demand, unrest in the Middle East and muted price reaction have producers, consumers, and market participants alike feeling paranoid about oil prices," Barclays said on Thursday as the bank lowered its 2024 Brent forecast by $8 to $85 a barrel.
Natural gas futures are lower by ~1% ahead of weekly inventory data. Analysts expect a draw of 119 bcf.
Chesapeake Energy and Southwestern Energy have entered into an all-stock merger agreement transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on Jan. 10, 2024, the companies said on Jan. 11.
The deal would create the U.S.’ largest natural gas producer, but, it is almost certain to face intense scrutiny as a wave of consolidations, largely oil-focused, has already raised the hackles of some Congressional Democrats.
The deal unites Chesapeake and Southwestern’s Appalachia and Haynesville portfolios into a pro forma company with an average net production of approximately 7.9 Bcfe/d. The company would have over 5,000 gross locations and 15 years of inventory.
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 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 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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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...
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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