Crude oil stockpiles in the U.S. Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed.
Europe’s only large-scale LNG plant, at Melkoeya island just outside the Arctic town of Hammerfest, can process 18 million cubic meters of gas per day when fully operational.
According to Stratas Advisors, the question remains: when will oil prices break out of their current pattern and in which way will they break—below the lower support level or upwards to new highs?
In its latest oil price forecast, Stratas Advisors says the price crude oil will continue to drift sideways with a downside bias before the inflection point is reached.
Improve accuracy and save time during pressure safety studies by eliminating the need for multiple applications.
Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.
Mukherjee will be responsible for all Tellurian’s asset projects including the construction and operations of Driftwood LNG
Prince Abdulaziz bin Salman said production could be maintained at that level should market demand require it.
Exxon asserts that the board's action effectively prevents the company from restarting three offshore drilling platforms and refinery operations shut down.
EOG Resources Inc. retained RedOaks Energy Advisors for the sale of certain operated properties located in the Eagle Ford consisting of operated HBP leasehold with significant running room in Atascosa County, Texas.
The sale process, which had been in binding phase since late 2018, has been called off “considering the alignment of the concessions to the company’s strategy,” Petrobras said.
Saudi Aramco, which is at par with Apple Inc. as the world’s most valuable company, reported a net income of $39.5 billion for the quarter to March 31 from $21.7 billion a year earlier.
Despite the efforts of the divestiture movement, the oil and gas sector’s 12-month performance clobbers that of the market as a whole.
Black Bay is a private equity firm based in New Orleans focusing on investments in the North American energy sector requiring up to $30 million of equity capital.
At stake with the new Texas law are assets including $1.4 billion that Man Group of London runs for the Teacher Retirement System of Texas, and $59.7 million the system has with abrdn of Edinburgh.
Under a deal with Macquarie’s newly launched offshore wind developer, Ontario Teachers’ Pension Plan will invest up to $1 billion into the development of offshore wind farms in South Korea, Taiwan, Japan, Ireland and Britain.
Lincoln Energy Partners retained Meagher Energy Advisors for the sale of D-J Basin producing and undeveloped minerals in Colorado’s Weld, Adams and Arapahoe counties and Laramie County, Wyoming.
Baker Hughes’ vice president of energy transition, Allyson Anderson Book, discusses the company’s corporate pivot.
ProFrac’s listing comes at an inopportune time, with equity markets bleeding from fears of aggressive monetary policy tightening by the Federal Reserve and impacts of the Russia-Ukraine war.
WTI was on track for its highest close since March 25 and its third weekly rise. Brent, however, remained set for its first weekly decline in three weeks.
Even though the combined rig count has climbed for a record 21 months in a row through April, weekly increases have mostly been in single digits and oil production is still far below pre-pandemic record levels.
A trade group noted that the winning bids for the wind lease sales offshore North and South Carolina were 17 times higher than a winning bid in the same region five years ago.
The plants are the Canal thermal power station in Massachusetts and the Bucksport thermal power station in Maine, JERA said.
Following the completion of its merger with WPX Energy and increasing focus on ESG, Devon Energy’s brand value has tripled to $2.3 billion, a new report shows.
Kaiser-Francis Oil Co. retained EnergyNet for the sale of operated working interest in North Dakota wells plus leasehold acreage located in the Spyglass area in Divide County.
The Petronas and Exxon Mobil contracts follow purchase agreements with China Petroleum & Chemical and New Fortress Energy for the plant.
The central bank and financial regulator have already warned that a lack of preparedness by the banks could expose them and investors to "sudden and large losses."
Some sands producers say lack of pricing certainty has held them back from making significant investments in emission reduction projects like carbon capture and storage.
Chevron is looking at potential businesses in new geothermal technology, carbon offsets through nature-based solutions, carbon capture, utilization and storage (CCUS), Pertamina said.