WSJ – About Carbon Dioxide Storage: Story By Phred Dvorak – Wall Street Journal | Photographs by Mark Felix for The Wall...
[RigZone.com] Woodside Energy Group Ltd. has given the go signal to develop the Trion oil field in Mexico, projecting to spend $7.2...
[RigZone.com]The USA Department of Energy (DOE) has awarded $77 million in the second rollout of an electricity supply modernization grant, raising total...
The Labour Party, Britain’s primary opposition, committed on Monday to transform the nation into a renewable energy powerhouse by 2030. The party...
By: Bloomberg – Oil held steady as investors tracked China’s plans to support its economy, while a prior rally in wider markets...
By: The Record – Shell confirmed on Thursday it had been impacted by the Clop ransomware gang’s breach of the MOVEit file...
By: Bryan Cave Leighton Paisner LLP – Lexology – While the unexpected and unpredictable commodity price swings over the last year have...
By: KFOR – A recent oil spill from nearby oil batteries in a small neighborhood in Ninnekah has neighbors concerned. “My dogs...
Story By Chris Matthews |Hart Energy| Oil and gas output growth from key U.S. basins is expected to slow next month, according...
By: AP – U.S. climate envoy John Kerry on Tuesday urged the world to be “very skeptical” about claims from oil and...
Coterra Energy has recently released its last Marcellus Shale rig and may suspend well completions in the area. CEO Tom Jorden announced at a conference that the company currently has no active rigs in the Marcellus, with only one frac crew remaining. Once this crew finishes its work, Coterra may halt all completion activities in the region.
The company is shifting its capital towards more liquids-rich areas such as the Permian and Anadarko basins. This strategic move comes as low gas prices negatively impact exploration and production companies focused on natural gas. Coterra, formed from the merger of Cimarex Energy and Cabot Oil & Gas, is leveraging its diverse portfolio to adapt to market conditions.
Coterra's decision to potentially pause operations in the Marcellus is significant given the company's historical involvement in the play. Cabot Oil & Gas, now part of Coterra, was an early developer of the horizontal Marcellus play, following Range Resources, which is credited with discovering the play in 2007. As of the end of 2023, Coterra held approximately 186,000 net acres in the Marcellus dry gas window, primarily in Susquehanna County, Pennsylvania.
U.S. stocks ended near the session's highs on Thursday, as inflation data helped cement expectations for the Federal Reserve to take a modest approach next week with its first interest-rate cut in four years.
The Dow Jones Industrial Average gained 235.06 points, or 0.6%, ending at 41,097.77. The session high was 41,107.35.
The S&P 500 climbed 41.63 points, or 0.8%, closing at 5,595.76.
The Nasdaq Composite advanced 174.15 points, or 1%, finishing at 17,569.68.
The S&P 500 and Nasdaq both sealed their fourth straight session of gains.
Despite an uptick in turbulence, recent gains for stocks left equities on the doorstep of record territory. According to Dow Jones Market Data, the Dow ended Thursday only 1.1% below its record close from late August, while the S&P 500 was 1.3% off its mid-July record finish. All three indexes also were on pace for the biggest weekly gains since the week ending August 16.
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...
Have your oil & gas questions answered by industry experts.