By Rakteem Katakey |Bloomberg, via RigZone.com| Saudi Aramco abandoned a plan to boost its oil output capacity in a huge reversal that...
In 2023, Texas’ oil and natural gas industry set a historic benchmark by contributing $26.3 billion in state and local taxes and...
In the evolving landscape of global energy, the move towards net-zero emissions is becoming increasingly central to corporate strategies, particularly in the...
The recent sale of the U.S. Federal Helium Reserve, a crucial source of the country’s helium supply, has sparked significant concern in...
The recent announcement of an $80 million federal funding allocation for Texas under President Biden’s Investing in America agenda marks a significant...
The withdrawal follows the two largest in recent years: 359 Bcf in January 2018 and 338 Bcf in February 2021, the week...
The Biden administration, in a significant move towards environmental considerations, is set to pause the review of applications for exporting natural gas...
The US oil and natural gas industry experienced a historic surge in mergers and acquisitions (M&A) activity in 2023, with a record-setting...
In a recent declaration that has resonated across the oil and gas sector, Halliburton, one of the industry’s leading oilfield service providers,...
Story By Andreas Exarheas | RigZone | In a release sent to Rigzone late Tuesday, Xeneta said its latest data forecasts ocean...
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.
The oil and gas industry stands at a pivotal juncture, navigating through escalating demands,...
Story by Andreas Exarheas| RigZone.com |In a report sent to Rigzone late last week, analysts...
Story By Geert De Lombaerde |Oil & Gas Journal| Civitas Resources Inc., Denver, has...
Artificial Intelligence (AI) is increasingly pivotal in reshaping various sectors, including oil and gas....
Big Hill is a federally-controlled underground petroleum storage site, one of four in the...
Michigan Attorney General Dana Nessel recently announced her plans to initiate a lawsuit against...
In a significant development that has captured the attention of international observers, Russia has...
Chinese companies have secured a significant number of contracts to explore oil and gas...
Oil and gas companies have added to the so-called fracklog for the second consecutive...
Story by Jerry Bohnen |OK Energy Today|Ten years after SandRidge Energy had nearly 1,900...
ExxonMobil (NYSE:XOM) recently completed its $60 billion acquisition of Pioneer Natural Resources. This strategic...
by Bloomberg| Bloomberg News, via RigZone.com | Russian April exports of crude and petroleum...
Have your oil & gas questions answered by industry experts.