The New York State Common Retirement Fund (NYSCRF) is one of the largest public pension funds in the United States. Established in...
The U.S. House of Representatives recently voted to overturn President Biden’s freeze on new liquefied natural gas (LNG) export approvals, marking a...
By Marwa Rashad, Emily Chow and Ron Bousso | REUTERS |Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by...
The recent approval by the Biden administration of the Sea Port Oil Terminal (SPOT), a monumental oil export project off the Gulf...
WASHINGTON, (Reuters, via Yahoo) – The Biden administration’s pause on approving permits for U.S. liquefied natural gas (LNG) export terminals could backfire by boosting...
Story By Andreas Exarheas |RigZone.com|The average U.S. regular gasoline price is rising, the U.S. Energy Information Administration’s (EIA) latest gasoline fuel update,...
Amid a volatile global landscape, oil prices have surged, influenced by a combination of geopolitical tensions, supply concerns, and economic forecasts. Recent...
By Alex Lawler – (Reuters) – Saudi state oil company Aramco has started trading a U.S. crude oil grade that underpins the...
In a surprising move that has sent shockwaves through the global oil market, Saudi Arabia has directed its state-owned energy giant, Aramco,...
Story By Julianne Geiger | OilPrice.com | Brazil’s natural gas imports fell to a 20-year low last year, according to data from...
ExxonMobil's third-quarter financial report showed mixed results. Net profits of $8.6 billion decreased 5.1% from the previous year, primarily due to weaker refining margins. However, the company maintained strong shareholder returns, distributing nearly $10 billion through dividends (increased by 4%) and share repurchases. The company's performance was bolstered by record oil and natural gas production in Guyana, strong Permian Basin output, and $11.3 billion in structural cost savings.
The broader energy market context showed some challenges, with crude oil prices falling about 15% since the end of the second quarter. CEO Darren Woods attributed this to a market imbalance, noting record demand for oil and petroleum products and abundant supply, particularly from U.S. unconventional developments. Similarly, competitor Chevron reported a more significant decline in profits, down 31% to $4.5 billion, though they too achieved record shareholder returns of $7.7 billion and strong production in the Permian Basin.
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped...
When it comes to leasing oil and gas mineral rights, mineral owners often find...
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 Permian Basin continues to dominate the U.S. oil production landscape, while other maturing...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers...
Texas set a series of new milestones in 2024 for its oil and natural...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
(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...
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
Have your oil & gas questions answered by industry experts.