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HomeCrude Oil News

Crude Oil News

Oil and gas activity
Crude Oil News

Large Jump in Fuel Inventories Outweighs Crude Draw

January 8, 2025 Clark Savage

Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories […]

Chevron
Big Oil Companies

Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026

January 8, 2025 Clark Savage

Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […]

Alaska
Crude Oil News

Alaska sues Biden administration over oil and gas drilling leases in Arctic refuge

January 8, 2025 Mariel Alumit

The US state of Alaska has sued the Biden administration for what it calls violations of a congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR). The federal lawsuit […]

Shearwater
Crude Oil News

Shearwater starts off new seismic acquisition in Brazil’s Pelotas Basin

January 8, 2025 Mariel Alumit

Shearwater Norwegian offshore seismic vessel player Shearwater Geoservices has started the second acquisition season for the Pelotas Basin multi-client 3D seismic survey offshore Brazil. This new acquisition, conducted in partnership with Searcher Seismic, will be […]

Russia’s shadow fleet
AI

AI deployed by 10 European navies to track Russia’s shadow fleet

January 8, 2025 Mariel Alumit

The Joint Expeditionary Force (JEF) has activated an advanced UK-led reaction system to track potential threats to undersea infrastructure and monitor the Russian shadow fleet, following damage to a major undersea cable in the Baltic […]

Laredo Oil
Crude Oil News

Laredo Oil commences exploratory drilling in Montana West Fork field

January 7, 2025 Mariel Alumit

Laredo Oil, Inc., an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it […]

North Sea
Big Oil Companies

Shell and Equinor team up in North Sea

January 7, 2025 Mariel Alumit

Equinor UK and Shell UK are joining forces to create the UK North Sea’s largest independent oil and gas producer. Combining their offshore assets and expertise into a 50/50 joint venture, the new company will […]

Biden
Crude Oil News

Politics Biden bans new offshore oil and gas drilling in most U.S. coastal waters

January 6, 2025 Mariel Alumit

We talked about this on our Daily Stand Up (https://energynewsbeat.co/biden-eyes-drilling-ban/) and no less than 12 hour later it comes through – we already see prices going up…will be interesting to see how incoming President Trump […]

Biden
Climate Crisis

Biden Blocks Over 625M Acres From Offshore Drilling To Stifle Trump’s Energy Agenda

January 6, 2025 Mariel Alumit

Biden blocks 625M acres from offshore drilling, citing climate risks, as oil groups protest and Trump pledges to boost U.S. energy production. President Biden has blocked new offshore drilling for oil and gas in several […]

Coterra Energy and Halliburton
AI

Coterra Energy and Halliburton Launch First Fully Automated Hydraulic Fracturing Program

January 6, 2025 Mariel Alumit

HOUSTON, Jan. 06 /BusinessWire/ — Halliburton Energy Services (NYSE:HAL) and Coterra Energy Inc. (NYSE:CTRA) announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv Auto Frac service, which is part of the ZEUS […]

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