Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading toward a phase that could be dangerous if there’s not enough […]
Halliburton Co. and Exxon Mobil Corp. are in talks over the oil company’s stake in the West Qurna-1 field in southern Iraq, the country’s oil minister said. Iraq supports a U.S. partner for Exxon’s stake in the oil […]
The U.S. shale industry first went on a consolidation spree back in 2015 when prices tanked after Saudi Arabia turned the taps on full in response to growing shale output. Since then, the consolidation has […]
It seems like “activist” environmentalist investors in Exxon simply aren’t ever going to be happy. A group of these investors is now urging Exxon to replace its CEO and move even quicker to slash greenhouse gasses, […]
Devon and WPX Energy completed their combination in January Oil producer’s stock price has risen about 185% this year Devon Energy Corp.’s rank-and-file workers are in for a surprise holiday treat: $10,000 bonus checks. In […]
Norway’s oil and gas production is at an all-time high, bouncing back solidly from a year of pandemic restrictions and curbs on production. Norwegian firm Equinor is running the show with oil and gas revenues […]
HOUSTON, Nov. 22, 2021 /PRNewswire/ — Goodrich Petroleum Corporation (NYSE American: GDP) (“Goodrich” or the “Company”) today announced that it has entered into a definitive merger agreement pursuant to which a subsidiary of Paloma Partners VI Holdings, LLC […]
Permian rigs up 12 to recent record of 284 Highest level for the play since mid-April 2020 SCOOP-STACK returns to pre-pandemic level The US oil and gas rig count jumped 11 to 683 in the […]
BP CEO has told CNBC that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years. “It may not be popular to say that oil and […]
(Bloomberg) –Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, […]
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