Highlights from Oseberg’s September 11th weekly report on oil and gas activity in Oklahoma: Council Oak Resources stays on top of the leasing...
The total active U.S. rig count, which includes oil and natural-gas rigs, rose by 1 to 944, according to Baker Hughes. Baker...
HOUSTON, Sept 8 (Reuters) – The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its...
Highlights from Oseberg’s September 5th weekly report on oil and gas activity in Oklahoma: Council Oak Resources climbs to the top of the leasing...
In a significant development out of the U.S. Department of the Interior, the Office of Natural Resources Revenue has elected to eliminate...
A federal jury has awarded two Oklahoma oil companies $220,000 in damages from a “well-bashing” incident in 2015 by a company later...
Highlights from Oseberg’s August 28th weekly report on oil and gas activity in Oklahoma. Council Oak continues to lease up, with more than...
LONDON (Reuters) – Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the...
The rise in the number of active rigs in the United States continues to slow, with the 5-week average gain for US...
Oil and gas operators have a complicated relationship with water. Is it a valuable resource or a necessary evil? Turns out, it’s...
Kinder Morgan is expanding its Gulf Coast Express Pipeline, investing $455 million to increase natural gas deliveries from the Permian Basin to South Texas by 570 million cubic feet per day by mid-2026. This decision comes after securing long-term transportation agreements.
Additionally, Kinder Morgan is undertaking several other natural gas infrastructure projects in the southern U.S., including:
South System Expansion 4: A $3 billion project to increase South Line capacity by 1.2 billion cubic feet.
South Texas to Houston Market expansion: A $154 million project to add 500 million cubic feet per day capacity.
Evangeline Pass project: A $670 million project to enhance systems in Mississippi and Louisiana, delivering 2 billion cubic feet per day to a LNG facility.
These projects aim to meet the growing demand for natural gas transportation and distribution in the region.
(Reuters) - Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed and investors digested a mixed Middle East outlook.
Brent crude futures fell $1.39, or 1.87%, to $73.06 a barrel. U.S. West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05%.
Brent settled more than 7% lower this week, while WTI lost around 8%, marking their biggest weekly declines since Sept. 2, when OPEC and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025.
In China, the world's top oil importer, the economy grew at the slowest pace since early 2023 in the third quarter, though September consumption and industrial output beat forecasts.
"China is key to the demand side of the equation so that is very much weighing on prices here today," said John Kilduff, partner at Again Capital in New York.
China's refinery output declined for the sixth straight month as thin refining margins and weak fuel consumption curbed processing.
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped...
Story by Andreas Exarheas| RigZone.com |. Oil market sentiment appears to have improved significantly...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers...
The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively...
Texas set a series of new milestones in 2024 for its oil and natural...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders...
(Bloomberg) — Oil companies declined to bid in a US government auction for drilling...
The Biden administration on Friday unveiled its most extensive sanctions package yet against Russia’s...
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