Featured Archives

Exxon Mobil Sets $27B Annual Spending Through 2027

Exxon Mobil (XOM.N) has outlined a steady investment strategy, aiming for an annual project expenditure of $22 billion to $27 billion through...

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Oil & Gas News

EPA Mandates Methane Cuts Impacting Texas Production

The U.S. Environmental Protection Agency (EPA) announced a pivotal climate regulation on Saturday, mandating significant methane emission reductions from oil and gas...

Mergers & energy consolidation are reshaping the Permian Basin as Exxon, Chevron, & Permian Resources closed deals and Oxy is now on the hunt.

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Acquisitions

A Surge in Shale Consolidation: Exxon, Chevron, Occidental and Permian Resources Lead Mega-Mergers in the Permian Basin

Occidental Petroleum is in advanced talks to acquire CrownRock, a prominent private oil producer in the US shale sector, specifically in the...

A Texas oil heir’s quest to make Dallas a hub for biotech is showing signs of paying off, potentially paving the way for scientific discoveries ranging from reviving the woolly mammoth to treatments for cancer.

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National

Texas Oil Heir Is Helping Bring Back the Woolly Mammoth

Story By Shelly Hagan|Bloomberg via RigZone.com| A Texas oil heir’s quest to make Dallas a hub for biotech is showing signs of...

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Oil & Gas News

US Natural Gas ETF Sees Investors Pile In Despite Price Slump

In a surprising turn of events, investors have shown an increasing interest in the U.S. Natural Gas Fund (UNG), an exchange-traded fund...

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Oil & Gas News

Elliott Targets Phillips 66 Revamp

Elliott Investment Management, a prominent activist investor, has recently acquired a $1 billion stake in Phillips 66, a major player in the...

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Oil & Gas News

Google’s Nevada Geothermal Project Reaches Milestone

Google has recently initiated a groundbreaking geothermal energy project in Nevada, contributing carbon-neutral electricity to the state’s power grid, primarily to support...

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Oil & Gas News

Oil & Gas Auction Underway as COP28 Begins

The Biden Administration on Tuesday announced the successful sale of oil and gas drilling rights in Wyoming, generating $3.4 million. This sale...

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Oil & Gas News

OPEC+ Considers Deeper Oil Production Cuts

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are currently considering deepening their oil production cuts....