By: Rystad Energy – Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted...
By: Ron Bousso and Sabrina Valle – Reuters – Europe’s Big Oil companies are planning to spend their windfall from high energy...
By: Bozorgmehr Sharafedin – Reuters – Oil prices were largely steady on Monday as supply disruptions in Kazakhstan and Libya offset worries...
Dealing with the US shale industry’s produced water is increasingly controversial for operators, a new Rystad Energy report reveals. Even though total...
By: Adrian Hedden – Carlsbad Current-Argus – Oil and gas’ momentum building in 2021 continued at the start of the year as multiple...
By: Nichola Groom – Reuters – The Biden administration on Wednesday said more than half of U.S. states intend to apply for...
The European Union has drawn up plans to classify some nuclear power and natural gas plants as green investments that can help...
By: Scott DiSavino – Reuters – Germany on Friday shut down half of the six nuclear plants it still has in operation,...
Jan 3 (Reuters) – U.S. natural gas prices gained over 2% on Monday (closing at $3.81 per MMBtu, +8.5 cents) after output...
After the Deepwater Horizon offshore drilling rig exploded in 2010, environmentalists surveying the damage in the Gulf of Mexico came upon a...
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, ending at 38,763.45.
The S&P 500 shed 40.53 points, or 0.8%, closing at 5,199.50.
The Nasdaq Composite dropped 171.05 points, or 1.1%, finishing at 16,195.81.
It has been the worst five-day start to a month for both the Dow and the S&P 500 since January 2016, according to Dow Jones Market Data.
The selloff in U.S. equities resumed despite a sharp rebound for Japanese stocks, with the Nikkei 225 up 1.2% on Wednesday.
According to Informa Global Markets, U.S. capital markets were also opening back up, with Facebook parent Meta Platforms Inc. leading a pack of investment-grade companies that borrowed $31.8 billion on Wednesday alone.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
The EIA Natural Gas Storage Dashboard has additional updates on storage market conditions.
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story By Andreas Exarheas|Rigzone.com| The natural gas market is impacted by a combination of...
In a recent interview with Bloomberg, Wil Vanloh, CEO of Quantum Energy Partners, shared...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Some projections rank this discovery as the world’s fourth-largest in terms of oil and...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
Have your oil & gas questions answered by industry experts.