(Reuters) – U.S. oil and gas producer Occidental Petroleum said federal drilling permits are moving forward in the Permian Basin shale field following a federal pause this year, but a longer-term ban could hurt U.S. […]
Houston — Marathon Oil is returning to limited operations in Oklahoma and the Permian Basin’s western Delaware Basin in New Mexico before ramping up next year, the company’s top executives said May 6. The company opted […]
Just a few months after existing Chapter 11 bankruptcy, Oasis Petroleum is buying up all of Diamondback Energy ’s Bakken assets, adding about 95,000 acres to its already extensive Bakken Portfolio in an all-cash deal valued at […]
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the company’s first quarter results. First quarter production of 38,417 Boe per day, up 7.5% sequentially from the fourth quarter of 2020 First quarter […]
Saudi Arabia’s national oil company Aramco has again outperformed forecasts. The world’s largest oil company, and 2nd largest listed company, reported a free cash flow of $18.3 billion in Q1 2021, a 30% increase from Q1 […]
Austria’s top energy official told OMV AG it must start figuring out how to do business without fossil fuels now or risk losing its business in three decades. Transport and Energy Minister Leonore Gewessler delivered the unusually […]
ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]
Chevron Corp ’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset […]
A key drilling objective for Hess in 2021 in Guyana’s offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company’s top executives said April 28. Uaru-2, […]
(Bloomberg) — After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are finally generating spare cash. Investors really want to get their hands on it, […]
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