ODESSA, Texas (Reuters) – Oil producers and their suppliers are cutting budgets, staffs and production goals amid a growing consensus of forecasts...
(Reuters) – General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of...
By Austin Weinstein – Bloomberg – So much of the Texas land in the Permian Basin is under production that the lights...
Natasha Turak – CNBC – Saudi Arabia has seriously ramped up its oil exports to China in recent months. How dramatic is...
By Kevin Crowley – Bloomberg – Exxon Mobil Corp. Chief Executive Officer Darren Woods is eyeing oil and natural gas deals despite calls to...
(Reuters) – U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico...
Tom Stromme – Bismarck Tribune – The number of abandoned oil and gas wells in North Dakota has grown 10% over the...
Source: U.S. Energy Information Administration, based on International Energy Statistics Note: Petroleum includes crude oil, condensate, and natural gas plant liquids. U.S....
Gregory Meyer – Financial Times – Genscape, a US company that helped lift the curtain on opaque energy markets, is being sold...
ODESSA, TEXAS (Jennifer Hiller – Reuters) – In west Texas shale towns, the center of the U.S. oil boom, about 3,800 students...
U.S. stocks finished mostly higher on Tuesday as investors prepared for the Federal Reserve’s first interest-rate cut since 2020.
The S&P 500 was up 1.49 points, ending flat at around 5,634.58. It briefly touched its previous all-time closing high of 5,667.20 in the morning session. The large-cap benchmark index has risen for seven straight days, scoring its largest seven-day point and percentage gain since August 21.
The Dow Jones Industrial Average lost 15.90 points, or less than 0.1%, to remain nearly flat at 41,606.18. This snapped the blue-chip index's four-day winning streak.
The Nasdaq Composite rose 35.93 points, or 0.2%, ending at 17,628.06.
The Federal Reserve is set lower interest rates on Wednesday at the conclusion of its two-day policy meeting. While a rate cut is widely expected, Wall Street is still split between predicting a 25-basis-point cut and one of 50-basis-point cuts.
Chris Matthews from Hart Energy, who covers the North American upstream shale energy industry...
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...
Helium is the second most abundant element in the universe after hydrogen. It is a...
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...
The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC),...
Story from Rystad Energy| Argentina has made a big step forward in attracting foreign...
A growing number of U.S. and Canadian regional banks are rapidly increasing their presence...
Some projections rank this discovery as the world’s fourth-largest in terms of oil and...
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