Argentina is home to the world’s second-biggest trove of shale gas in Patagonia’s Vaca Muerta, or Dead Cow, formation A Story about...
The EIA government agency is out with a prediction that Americans will pay less on heating this winter compared to last winter....
By: Perry Smith – The Signal – A group of residents upset over energy-storage system plans for Acton are raising money to...
By: Wayne Parry – AP – Opponents of a natural gas-fired power plant planned for an already polluted low-income area in New...
Story By Matthew Monks|Bloomberg| The biggest energy deal of the year has thrown up a much-needed win for the US’s major investment...
Story By Chris Mathews |Hart Energy| With its roughly $60 billion blockbuster deal to acquire Pioneer Natural Resources, Exxon Mobil aims to...
By: KEYT – Governor Newsom signed Assembly Bill 1167, the Orphaned Well Prevention Act, into law on Saturday expanding the financial responsibilities...
By: Reuters – There’s little doubt that direct air capture (DAC) is divisive: on the one hand, it is a relatively simple...
Story By Jeremiah Budin | TCD |The air pollution generated by gas-powered lawn maintenance equipment is truly astonishing. According to the Environmental Protection...
By: Reuters – Prior to the outbreak of fighting between Hamas and Israel, investors had become less bullish about the outlook for crude oil...
ExxonMobil's third-quarter financial report showed mixed results. Net profits of $8.6 billion decreased 5.1% from the previous year, primarily due to weaker refining margins. However, the company maintained strong shareholder returns, distributing nearly $10 billion through dividends (increased by 4%) and share repurchases. The company's performance was bolstered by record oil and natural gas production in Guyana, strong Permian Basin output, and $11.3 billion in structural cost savings.
The broader energy market context showed some challenges, with crude oil prices falling about 15% since the end of the second quarter. CEO Darren Woods attributed this to a market imbalance, noting record demand for oil and petroleum products and abundant supply, particularly from U.S. unconventional developments. Similarly, competitor Chevron reported a more significant decline in profits, down 31% to $4.5 billion, though they too achieved record shareholder returns of $7.7 billion and strong production in the Permian Basin.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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