Oil & Gas News Archives

Chevron highlights uncertainty in new U.S. oil terminal projects amid slowing crude production and export growth.

Chevron Says Fading U.S. Crude Growth Casts Pall on Port Projects

By Lucia Kassai |BNN Bloomberg | Slowing U.S. oil-production growth is casting a pall over projects intended to expand crude shipments to overseas...

ConocoPhillips sells $600 million in noncore assets to reduce debt after its $22.5 billion purchase of Marathon Oil.

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ConocoPhillips Sells $600MM in Noncore Permian Basin Assets

By Darren Barbee | Hart Energy, via Yahoo News | ConocoPhillips Co., looking to shed debt after its $22.5 billion acquisition of Marathon Oil Corp.—a deal...

President Trump prioritizes oil and gas expansion criticizing Biden's IRA as a 'Green New Scam,' calling wind energy, 'disgusting'.

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Trump’s Energy Policies Cast Shadow Over U.S. Wind Industry

By Felicity Bradstock for Oilprice.com | President Trump has been emphatic about his support for oil and gas throughout his electoral campaign and...

Despite Trump’s full-throttle push to “unleash” U.S. energy, U.S. shale is no longer in “drill, baby, drill” mode, says the Permian oil boys

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Drill Baby Drill Is Dead, Oil Executives Say

By Julianne Geiger for Oilprice.com | Despite Trump’s full-throttle push to “unleash” U.S. energy, Permian oil producers are keeping their foot on...

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USEDC Plans $1B Investment in Permian Basin

US Energy Development Corporation (USEDC) is gearing up for a big year in 2025 with plans to invest up to $1 billion...

Foster, Permian, Coterra, Franklin Mountain Energy

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Foster Boosts Fortune With $2.5B Permian Deal

El Paso billionaire Paul Foster and his partners at Franklin Mountain Energy (FME), a company he helped establish six years ago, have...

Despite President Trump, oil majors are concerned that increasing oil and gas output even further could create a glut and drive prices down

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Can Trump Really Boost U.S. Oil Production?

By Felicity Bradstock | OilPrice.com | Several U.S. oil and gas companies have warned that they will not be looking to increase production...

Diamondback Energy will drop down billions of dollars in mineral and royalty interests to its subsidiary Viper Energy.

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Viper to Buy Diamondback Mineral, Royalty Interests in $4.45B Drop-Down

Chris Mathews | Hart Energy, via Yahoo Finance | Diamondback Energy will drop down billions of dollars in mineral and royalty interests to its...

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Infinity’s IPO Raises Over $238 Million in Debut

Infinity Natural Resources, Inc. (“Infinity”) has officially made its Wall Street debut, announcing the pricing of its initial public offering (IPO) at...

U.S. oilfield services firms are facing weaker pricing and revenue as oil producers become increasingly efficient and keep a cap on spending

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U.S. Oilfield Firms Face Pricing Squeeze as Fracking Demand Slumps

By Georgina McCartney (Reuters) – Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become...

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