We asked this question last month: Who cuts first: OPEC+ or Fed? … and more than two weeks later, we finally have an answer: In the latest in a long series of slaps on Biden’s […]
What’s New This Quarter Special questions this quarter include an annual update on breakeven prices by basin, anticipated employee head count changes in 2023, the main factor influencing company profitability and the top cause of worker […]
(WO) – Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G. Ltd, a […]
Home Fossil Energy Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale The U.S. government agency Bureau of Ocean Energy Management (BOEM) has held an oil and […]
Shell Plc is splitting up its global renewable power business as new Chief Executive Officer Wael Sawan puts his imprint on the energy giant. Sawan already reshaped his top management team in January — just […]
As required by the Inflation Reduction Act (IRA) of 2022, the Bureau of Ocean Energy Management (BOEM) auctioned oil and gas drilling rights across 73.4 million acres in the Gulf of Mexico despite the Biden […]
Oil flows in Texas are shifting, with Houston set to attract increasing volumes of both US and Canadian crude over the near and medium term. Several factors are likely to incentivize shipments to Houston going […]
Home Fossil Energy Halliburton to assist Petrobras in stepping up digitalisation and enhancing exploration ops Brazilian state-owned oil and gas giant Petrobras has picked Halliburton’s digital platform to accelerate digital transformation and address subsurface challenges. […]
Gulf offshore drilling operationA U.S. government auction of oil and gas drilling rights in the Gulf of Mexico generated $263.8 million in high bids, the most of any sale in the region for years […]
March 29, 2023 Data source: U.S. Energy Information Administration, Drilling Productivity Report, Monthly Crude Oil and Natural Gas Production Report, and Natural Gas Monthly U.S. natural gas production grew by 4% (4.9 billion cubic feet […]
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