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Oil & Gas News
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1.5KU.S. natural gas is trading at an ‘insane’ price — Here’s why it just hit a nearly 14-year high
Myra P. Saefong – FROM MARKETWATCH ~ Natural-gas futures on Thursday posted a gain for the holiday-shortened week, their fifth weekly climb...
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Reuters: U.S. oil drilling, output moving higher with energy prices
(Reuters) by Liz Hampton – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices...
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Saipem Crane Vessel Nearly Sinks With 275 People Onboard
From RigZone by Bojan Lepic|~ Saipem 7000, Saipem’s giant semi-submersible crane vessel, has tilted in a fjord in Norway with 275 people aboard....
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Oil prices extend gains, supplies in focus
By: Reuters – Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit...
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Labor shortages capped central US oil, gas production in Q1, execs say
By: Bill Holland – S&P Global Market Intelligence – Labor shortages were the primary factor limiting oil and gas production growth in...
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Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
DUBAI (Reuters) – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog (the...
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Russian Oil Rerouting Would Require Dozens Of Supertankers — That Don’t Exist
By: Christopher Helman – Forbes – Before its war in Ukraine, Russia was producing about 11 million barrels per day of crude...
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Abandoned oil and gas wells spread out through New Mexico’s Permian, San Juan basins
When oil and gas wells are shut down and abandoned, dangers to local communities and the environment linger. Story Credit: Carlsbad Current-Argus,...
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Natural Gas Just Hit a 13-Year High. Blame Coal
By: Myra P. Saefong – MarketWatch – Natural gas futures settled Thursday at their highest price since December 2008, with a rise...
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Oil’s Sprung a Leak: Demand Destruction
Discussion on the future price of oil seems to be a very contentious topic these days. The die-hard bulls will focus on the...
