United States

Report: FTC Probes Hess, Diamondback, Oxy Over OPEC Communications

Investigators are looking for evidence that executives at Hess Corp., Diamonddack Energy or Occidental Petroleum attempted to collude with OPEC officials on oil market dynamics, according to a Bloomberg report.

July 19, 2024

DOE Approves Order Needed for Startup of Venture Global’s Plaquemines

Venture Global’s project is one step closer to production with the Department of Energy’s permission to export.

July 19, 2024

US Drillers Add Oil, Gas Rigs for Second Time in Three Weeks

The oil and gas rig count, an early indicator of future output, rose by two to 586 in the week to July 19, its highest since late June. 

July 19, 2024

Ecopetrol in Discussions with Oxy to Buy $3.6B Stake in CrownRock

Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.

July 19, 2024

Energy Transition in Motion (Week of July 19, 2024)

Here is a look at some of this week’s renewable energy news, including the launch of the California hydrogen hub.

July 19, 2024

Exxon Mobil Selling Malaysia Oil, Gas Assets to Petronas - Sources

Exxon Mobil, which last year marked its 130th year in Malaysia, has been trying to sell its upstream assets in the country since 2020.

July 19, 2024

Beyond the Horizon: Exploring the Permian’s Longest Laterals

Horizontally drilled lateral wells are all the rage in the Permian Basin. Let’s take a look at the 10 longest wells drilled in the Basin.

July 19, 2024

EOG Resources Wildcatting Pearsall in Western Eagle Ford Stepout

EOG Resources spud the well June 25 in Burns Ranch with rights to the Pearsall well about 4,000 ft below the Eagle Ford, according to myriad sources.

July 19, 2024

The $22.5B Deal: How ConocoPhillips Won Marathon Oil in 33 Days

ConocoPhillips didn’t show up until April 25, while two other unidentified public E&Ps were bidding for Marathon, according to a filing with the Securities & Exchange Commission.

July 18, 2024

US’ Largest Co-located Solar, BESS Project In Service

The Gemini solar and storage project includes 1.8 million solar panels that can generate up to 690 megawatts, powering approximately 10% of Nevada’s peak power demand.

July 18, 2024