WASHINGTON (AP) — In early March, President Joe Biden met with members of Alaska’s bipartisan congressional delegation as they implored him to approve a contentious oil drilling project in their state. Around the same […]
The oil and gas rig count, an early indicator of future output, rose eight to 754 in the week to March 17. , , Baker Hughes said that puts the total rig count up 91 […]
US shale explorers are well prepared to manage a potential credit crisis after piling up cash and paying down most of their debt, according to private equity firm Kimmeridge Energy Management Co. “I don’t think […]
Weaker commodity prices are undercutting drilling activity, with the US rig count falling for a fourth consecutive week, the first time that has happened since June 2020. Oilfield services company Baker Hughes said Friday its […]
(WO) — Ireland is becoming ever more reliant on Britain for gas supplies, with UK imports more than doubling since 2017 to 75% of Irish demand, and set to hit 90%, a report from Offshore […]
Iraq has approved a development plan for the Eridu oilfield submitted by Russia’s Lukoil in November 2021, opening the door for the Russian privately held oil producer to proceed to the development phase. Lukoil said […]
While demand for fossil fuels remains high and is climbing, investment in oil and gas projects around the world is worryingly low. The average global decline rate of oilfields is around 6%, which means oil […]
Pioneer Natural Resources CEO Scott Sheffield says oil could reach $100 a barrel by q4. He also says oil output in the Permian Basin will peak in five to six years. He speaks to Bloomberg’s […]
Offshore oil and gas is set for the highest growth in a decade in the next two years. Offshore activity is expected to account for 68% of all sanctioned conventional hydrocarbons in 2023 and 2024. […]
EOG Resources Inc.’s drilling plans — particularly in emerging plays in South Texas and the Utica Shale — are not being significantly impacted by the recent slump in natural gas prices, the company recently told […]
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