CrownRock owns about 86,000 net acres in the northern part of the Midland basin in Texas, which is part of the Permian,...
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Bloomberg, via RigZone.com |By Christine Burke| Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in...
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By Sabrina Valle and Mrinalika Roy. HOUSTON, Oct 23 (Reuters) – Chevron (CVX.N) has agreed to buy Hess (HES.N) for $53 billion in stock to gain a bigger U.S....
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While Oklahoma trails only Texas in oil and gas employment, its energy sector has grappled with the most pronounced job losses nationwide,...
That conviction lasted less than a week. By Friday (March 4), as the price spread widened between Russia’s Urals crude and Brent crude, the international benchmark for oil prices, Shell bought 100,000 metric tons at a record discount of $28.50 per barrel, according to a report from the Wall Street Journal.
On Twitter, Shell confirmed that it would continue to buy Russian oil, citing a tight market and few alternatives for sourcing crude.
The price of natural gas in Europe hit an all-time high on March 7, briefly touching €345 per megawatt-hour. That’s equivalent, in terms of British thermal units of energy, to oil prices of $600 per barrel. Late in the day, the price had settled back to about €190, still a record.
Before the last 12 months—when the European gas market was rocked first by a compounding series of market trends and mishaps, and now by Russia’s invasion of Ukraine—the price had stayed roughly in the range of €15-25 per MWh for a decade.
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by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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