Story By Jov Onsat |RigZone| Occidental Petroleum Corp. outpaced the stock market in the week’s opening session after billionaire Warren Buffet’s Berkshire...
By: Reuters – Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and...
By: Reuters – Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they...
Story By Mirna Alsharif and Christine Rapp |NBC News| As the extended 4th of July holiday weekend looms on the horizon, heat...
By: Carlsbad Current-Argus – Federal officials rejected a petition from New Mexico environmental groups to phase out oil and gas drilling on...
By: Yahoo – State regulators have imposed a $40.3 million fine on a Texas oil company for what they called egregious violations...
HOUSTON (Reuters) – Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents...
Story By Lee Ying Shan |CNBC| To meet energy demand, oil and gas will continue to be leading sources of energy for...
By: Reuters – TRP Energy is exploring a possible sale of its oil and gas operations in the Permian basin that could...
Story By Andreas Exarheas |RigZone| Wood Mackenzie has announced that TotalEnergies was named the upstream industry’s most admired explorer, and received the...
The energy sector is off to a higher start, supported by strength in the underlying commodities. U.S. stock index futures slipped on Monday as Treasury yields continued to rise in expectation of a tighter monetary policy, while Bank of America wrapped up earnings from Wall Street lenders with a better-than-expected quarterly profit.
WTI and Brent crude oil are up in early trading, erasing earlier losses that were caused by worries over slowing demand in China. However, concerns over tight global supply, the war in Ukraine and outages in Libya pushed oil prices into positive territory. Adding to supply pressures from sanctions on Russia, Libya's National Oil Corp warned "a painful wave of closures" had begun hitting its facilities and declared force majeure at Al-Sharara oilfield and other sites. NOC said the closures were caused by "a group of individuals" entering facilities. Groups in eastern Libya protesting at oil plants want the Tripoli-based prime minister to quit in favor of a recently appointed rival. With global energy markets already restricted due to the Ukraine crisis, more losses from Libya's recent 1.2 million barrels-per-day average output will put further pressure on prices.
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 Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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