Total rigs engaged in the drilling for oil and gas in the U.S. increased for the week ending March 19, 2021, with the total...
By: Jonathan Saul & Laura Sanicola – Reuters – U.S. refiners are scaling back on hiring ships for longer periods to save...
By: Justin Jacobs and Derek Brower – Financial Times – The world’s most powerful oilman is betting big against America’s shale industry. ...
By: Samantha Subin – CNBC – When a raging snowstorm and frigid temperatures hit Texas last month, oil and gas behemoths responsible...
By: Brandon Evans – S&P Global Platts – The US Department of the Interior delved deeper into its review of federal minerals,...
By: David Blackmon – Forbes – Moving into the next boom time for the domestic U.S. shale oil and gas business doesn’t...
Rig Count Summary – Total rigs engaged in the drilling for oil and gas in the U.S. made a small gain for...
By: David Blackmon – Forbes – The history of the oil and gas business in the United States is that every time...
By: Brandon Evans – S&P Global Platts – As Colorado’s 2,000-foot drilling setbacks go into effect, PDC Energy looks to become the...
By: Mella McEwen – Midland Reporter-Telegram – Navigating the pandemic last year was an incredible challenge for individuals and businesses alike. But...
Crude futures are surging after a weekend flare-up of tensions between Israel and Hezbollah along the Lebanon border, exacerbated today by the Libyan National Army's call for a production shutdown in the country's eastern oilfields amid growing unrest.
Meanwhile, Exxon Mobil took the opportunity to release its annual energy report, where it says that carbon emissions won't drop until 2030, and warns that increased adoption of electric vehicles won't be enough to offset the impact of surging energy demand caused by a rising population. Not unlike the average global temperature, XOM is lingering within range of all-time highs at midday.
U.S. stocks today are mixed, with the Dow Jones Industrials posting a new record high. Weakness in chip stocks today is weighing on the broader market. Stocks have carryover support from last Friday, when Fed Chair Powell said "the time has come for policy to adjust." Also, energy stocks are climbing today, with WTI crude oil up more than +3% at a 1-week high
The EU's Red Sea naval mission says there are no obvious signs of an oil spill from a tanker attacked by Houthis in Yemen on Friday.
But a fire on board the MV Sounion has continued to burn.https://t.co/HfDL1Qg1DY
— DW Europe (@dw_europe) August 26, 2024
The numbers: The Commerce Department said Monday that orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July.
Economists had forecast a 4% rise in orders for durable goods — products made to last at least three years.
Orders have risen in five of the last six months. However, they dropped 6.9% in June due to weak aircraft orders.
Excluding the volatile transportation sector, orders were up 0.2% in July after a 0.1% gain in the prior month.
Another measure in the report seen as a bellwether for business investment — core capital-goods orders, which exclude volatile sectors like transportation and defense — slipped 0.1% last month after a 0.5% rise in June.
Helium is the second most abundant element in the universe after hydrogen. It is a...
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...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
A small group of California Republicans has introduced several bills ahead of a special...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
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