Story By Andreas Exarheas |RigZone| Saudi Arabia is sensitive to the “weak level” of demand in the world leading to production cuts,...
On July 7, the US Department of Energy (DOE) revealed its intention to repurchase approximately 6 million barrels of sour crude oil....
Topic: Fossil Fuels in Norway. A Story By Kari Lundgren, Stephen Treloar |Bloomberg| Via RigZone| At a Circle K service station outside...
Negotiating Mineral Leases – An Introduction: Congratulations on inheriting your oil and gas mineral rights! As an oil and gas blogger, I’m...
By: The Midland Reporter-Telegram – Ring Energy Inc. announced a $25 million net reduction of borrowings during the second quarter on its...
A severe fire erupted early Friday morning at an offshore platform operated by Pemex, the Mexican state oil company, located just off...
Shell, the leading global trader of liquefied natural gas (LNG), announced on Friday that its Q2 gas trading results are projected to...
Story By Chris Matthews |Hart Energy| Fears of underinvesting in oil and gas are way off the mark, according to a new...
By: AP – The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at...
Story By Filip De Mott |Business Insider| The oil market is vulnerable to a shock as high-interest rates cause global inventories to...
U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count is down 97, or 14%, below last year.
The total oil and gas rig count, an early indicator of future output, fell by four to 590 in the week to June 14. Oil rigs fell by four to 488 this week, which was also their lowest since January 2022, while gas rigs were unchanged at 98, the lowest since October 2021.
In Texas, the state with almost half of the country's active rigs, the total count slid by 2 to 285, the lowest number of rigs operating in the state since January 2022. Oklahoma dropped 1 rig, now at 37 rigs turning to the right.
Baker Hughes said the total rig count is down 97, or 14%, below last year.
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
When Cindy Taff was a vice president at Shell in Houston, she often worked...
By World Oil | The Bureau of Safety and Environmental Enforcement (BSEE) has activated its...
Chevron’s $53 billion acquisition of Hess Corporation has caught the attention of the Federal...
Story By Melody Petersen|Los Angeles Times|Escalating his fight against the fossil fuel industry, Gov....
U.S. shale oil and gas executives are increasingly shifting toward electric rigs and fracking...
The Dallas Fed conducts the Dallas Fed Energy Survey quarterly to obtain a timely...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
Diamondback Energy, Kinetik Holdings, and EPIC Midstream have announced a series of transactions designed...
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...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Have your oil & gas questions answered by industry experts.