Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge. While total production in the U.S. is still lagging, the Permian Basin […]
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The EIA defines spare capacity very […]
Gazprom PJSC increased its 2021 price guidance for natural gas exports, while signaling caution on volumes it could ship, as Europe’s energy crisis worsens. The Russian gas giant, Europe’s biggest supplier of the fuel, reiterated that […]
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. Crude and […]
The North American oil and gas exploration and production sector is gaining more investment dollars at the expense of pipeline operators as drillers substantially improve free cash flow and debt reduction, according to industry experts. […]
The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is […]
In an interview with CNBC that aired Wednesday, Mike Wirth, the CEO of Chevron, said that it would not invest in renewable energy, instead allowing its shareholders to use money earned from the company and “let them […]
Energy companies that compensate employees by the day – be it $200 or $1,000 – must still pay those people overtime because they are not considered exempted salaried personnel under the strict wording of the […]
A natural gas trade known as the widowmaker because of its volatility is once again in focus amid concerns about the level of U.S. inventories as the country get closer to winter. The spread between […]
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms, and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said […]
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