China National Petroleum Corp (CNPC), Asia’s largest oil producer, is reassessing its global strategy with an eye on reviving its dealmaking activities....
By Mitchell Ferman|Bloomberg| About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people quietly buttresses...
New Zealand announced on Monday that it will pass new legislation by the end of this year to reverse a ban on...
By Julianne Geiger for Oilprice.com | As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that...
Story By Bethany Blankley | The Center Square – Texas’ oil and natural gas production reached new record highs in July, after...
By Matt Egan, CNN — Oil giant Halliburton said Wednesday it’s grappling with a computer system issue reportedly linked to a cyberattack. A person...
As of early Thursday, Brent crude futures edged up by 3 cents to $76.08 a barrel, while U.S. West Texas Intermediate (WTI)...
EIA – In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average...
by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...
Mergers and acquisitions in the U.S. oil and gas industry increased by 57% last year, as companies in the U.S. also increased...
The energy sector is off to a mixed start, supported by strength in natural gas contracts, but pressured by modest weakness in the major equity futures as the broader market takes a breather from last week’s record highs.
WTI and Brent crude oil futures are mostly unchanged as traders take profits on news of the widely expected extension of voluntary output cuts by OPEC+. Over the weekend, OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Algeria, Oman and Kazakhstan all announced they will be extending voluntary production/supply cuts through the end of 2Q24. Russia said it will be cutting output and exports by an additional 471K bpd after cutting combined crude oil/fuel exports 500K bpd during 1Q24. As tensions in the Middle East heighten, Israeli forces swept into the Palestinians' administrative capital of Ramallah in the occupied West Bank last night.
Natural gas futures are sharply higher this morning on EQT’s announcement to reduce output by 1.0 Bcfd through March in response to low natural gas prices.
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
Reporting By Laila Kearney (Reuters) | MARA Holdings Inc. (MARA.O), the world’s largest publicly...
by Bloomberg | Devika Krishna Kumar and Christopher Charleston | Oil held steady after...
Owning mineral rights can be both a rewarding and challenging experience, especially if you...
By Tsvetana Paraskova for Oilprice.com | Russian oil companies and officials have discussed the...
BP has officially abandoned its 2030 target to significantly cut oil and gas production,...
By Bloomberg| Anthony Di Paola & Sherry Su | Saudi Arabia raised its main...
U.S. energy firms have reduced the number of oil and natural gas rigs for...
Story By By David Wethe (Bloomberg) — Oilfield-service costs for US horizontal shale drilling are...
Brent crude prices have climbed 8.5% so far this week on concerns over conflicts...
According to a press release on October 2nd, Texas Pacific Land Corporation (TPL) has...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
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