By: CNBC – A group of some of the world’s most powerful oil producers is highly likely to take further measures to...
By: Reuters – Italy plans to apply a 50% one-off windfall tax next year on surplus income of energy companies that have...
By: Salt Lake Tribune – No public land in Utah has been auctioned for oil and gas development since President Joe Biden...
(Bloomberg) — The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of...
Story by Zahra Tayeb | Business Insider | The alarm bell is already ringing for American homeowners, as surging mortgage rates scare...
(Bloomberg) — The global oil market keeps sending up flares on the outlook for weaker demand. In the latest, a closely-watched gauge...
OilPrice.Com. There is considerable speculation that the end is drawing close for Colombia’s economically vital hydrocarbon sector. The Andean country’s petroleum industry...
Story By Jeffry Bartash, MarketWatch. Senior officials at the Federal Reserve, or Fed, expect smaller increases in interest rates will “soon be...
By: CNBC – Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron, and ConocoPhillips, saying a lack of transparency over their...
Story by Justin Jacobs, Financial Times. BP’s U.S. boss said Washington’s new climate law would put its green plans in the U.S....
This week, U.S. energy firms added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes. Despite this week's rig increase, the total count was still down 116, or 16% below this time last year.
The total oil and gas rig count, an early indicator of future output, rose by one to 604 for the week of May 17. Oil rigs rose by one to 497 this week, while gas rigs were unchanged at 103.
The oil and gas rig count dropped about 20% in 2023 after rising by 33% in 2022 and 67% in 2021, due to a decline in oil and gas prices, higher labor and equipment costs from soaring inflation, and as companies focused on paying down debt and boosting shareholder returns instead of raising output.
ExxonMobil (NYSE:XOM) recently completed its $60 billion acquisition of Pioneer Natural Resources. This strategic...
Phillips 66 has entered into an agreement to acquire Pinnacle Midland Parent LLC from...
Story by Andreas Exarheas|RigZone.com|The Iranian President’s death is unlikely to affect relations with Israel...
In Oklahoma, summary administration offers an expedited process for settling estates, which is particularly...
Forced pooling, also known as compulsory pooling or statutory pooling, is a legal mechanism...
In an eye opening move for the energy sector, Houston-based Crescent Energy Co. has...
Story By J. Robinson | S&P Global | US natural gas producers’ commitment to...
Oklahoma Attorney General Gentner Drummond recently announced the termination of the legal team hired...
by Bloomberg| Bloomberg News, via RigZone.com | Russian April exports of crude and petroleum...
Story By Geert De Lombaerde |Oil & Gas Journal| Civitas Resources Inc., Denver, has...
Story by Jerry Bohnen |OK Energy Today|Ten years after SandRidge Energy had nearly 1,900...
Oil and gas companies have added to the so-called fracklog for the second consecutive...
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