(WO) — On Monday, April 15th, the Department of the Interior announced a final rule from the Bureau of Ocean Energy Management (BOEM) that requires the oil and gas industry to raise nearly $7 billion for …
HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today …
Oil prices slipped more than $1 on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand.
Brent futures for June were …
Publisher’s Note: Chevron Corp, (NYSE: CVX) is confirmed for EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.
(Bloomberg) – Chevron Corp.’s venture arm launched a fund — its third — with a …
Publisher’s Note: SilverBow Resources, (NYSE: SBOW) is scheduled to present at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.
(Bloomberg) – Shale oil driller SilverBow Resources Inc. dropped more than 6% after …
(WO) – Last week, the Independent Petroleum Association of America (IPAA) – advocating for thousands of oil and natural gas producers that develop 90% of wells nationwide- held its spring Board of Directors meeting in Washington, D.C. and …
WASHINGTON – Iran’s unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran’s oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China, said …
(Bloomberg) – Shale operators are drilling wells faster than they’re fracking them.
Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in more than a year, according to …
PITTSBURGH, April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its …
(Bloomberg) – Exxon Mobil Corp. formally approved its sixth oil development offshore Guyana that will make the Latin American nation a bigger crude producer than OPEC member Venezuela.
The Whiptail project will cost $12.7 billion and produce about …
Oil prices fell at Asia’s open on Monday, as market participants dialed back risk premiums following Iran’s attack on Israel late on Saturday which the Israeli government said caused limited damage.
Brent futures for June delivery fell 24 cents …
Bogota, Colombia – April 11, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that the Company has submitted a binding …
U.S. crude oil broke above $87 a barrel on Friday as futures rallied on reports that Israel is preparing for a direct attack by Iran this weekend, in what would be the biggest escalation of Middle East tensions since …
(Bloomberg) – The U.S. set aside 23 million acres of Alaska’s North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development across roughly half …
Natural gas prices at the Waha hub in the Permian basin in Texas slumped to a negative value of -$2.00 per million British thermal units (MMBtu) this week as the recent rise in oil prices prompts producers to …
(Bloomberg) – Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.
The producers group …
OPEC+ once again extended its oil production cuts this month. The decision was anything but unexpected and, unlike previous production policy announcements, it had the desired effect on prices. However, it could only work for so long. Soon, …
(Bloomberg) – A U.S.-style megadeal is possible in Canada’s oil patch, though the pressures that pushed Exxon Mobil Corp. and Chevron Corp. to pursue large takeovers aren’t as strong north of the border, says Bank of Montreal’s top …
U.S. supermajor Chevron has quit operations in Myanmar by transferring its stake in a natural gas field and an associated pipeline to its former partners in the ventures, after pledging to leave the Southeast Asian country following a …
(Bloomberg) – International oil companies listed in the U.S. benefit from higher multiples, greater access to capital and a friendlier investor base, according to Shell Plc’s former chief executive officer.
“It’s a major issue,” Ben van Beurden said …
HOUSTON – Oil prices dipped for a second straight day on Tuesday, as talks for a ceasefire in Gaza continued, but losses were limited to less than a dollar a barrel as Egyptian and Qatari mediators met resistance …
(Bloomberg) – Jamie Dimon said U.S. delays of liquefied natural gas (LNG) projects were done for “political reasons” to pacify those who believe oil and gas projects should be stopped — a position he calls “wrong” and “enormously …
HOUSTON and CALGARY, AB, April 8, 2024 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord” or “Chord Energy”) and Enerplus (NYSE:ERF) Corporation (TSX: ERF) (NYSE: ERF) (“Enerplus”) announced that the waiting period under …
(Bloomberg) – Mexico’s state-controlled oil company said a fire at one of its Akal-B oil platforms in the Campeche Bank left nine people injured Saturday afternoon.
Petroleos Mexicanos, also called Pemex, said two of the injured were its …
GEORGETOWN – Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation’s energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot’s revenue …
U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market, steeper costs and a focus on shareholder returns over new production are keeping shale drillers from big output increases in …
(Bloomberg) – Petroleo Brasileiro’s shares swung wildly on Thursday as traders digested local media reports on the impending departure of Chief Executive Officer Jean Paul Prates and the prospect of future dividend payments.
Petrobras, as the state-controlled oil …
Surging U.S. oil production and shifting global oil flows amid geopolitical flare-ups have boosted American crude exports to record-high levels in recent months. Now U.S. oil is encroaching on the key markets of the OPEC+ group, which has …
(Bloomberg) – OPEC+ chose to stick with oil production cuts for the first half of the year, keeping global markets tight and potentially sending prices higher.
A panel of key members led by Saudi Arabia recommended no policy …
MOSCOW/LONDON – When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial.
There was only one company that knew how …
