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HomeExploration and Production

Exploration and Production

Eni
Crude Oil News

Eni makes oil and gas discovery off Mexico coast

July 8, 2024 Mariel Alumit

July 8 (Reuters) – Italian energy group Eni (ENI.MI), opens new tab has made a significant oil and gas discovery in the Sureste Basin, about 63 kilometres off the coast of Mexico, it said on Monday. The […]

ConocoPhillips
Crude Oil News

ConocoPhillips sues over Biden’s oil and gas drilling ban in Alaska

July 8, 2024 Mariel Alumit

(Bloomberg) – ConocoPhillips sued to block a Biden administration ban on drilling across nearly half the National Petroleum Reserve in Alaska, claiming the measure violates a federal law that compels oil development there. The lawsuit […]

Devon Energy
Crude Oil News

Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion

July 8, 2024 Mariel Alumit

OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction […]

Natural Gas
Commodities

Has The Extreme Bear Market in Natural Gas Come to an End?

July 7, 2024 Stu Turley

In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some […]

Oil Prices
Crude Oil News

Oil Prices Rise As EIA Confirms Huge Crude Draw

July 3, 2024 Mariel Alumit

Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 12.2 million barrels for the week to June 28. The inventory change compared with an inventory build of 3.6 million barrels estimated […]

Climate Crisis

Court blocks Biden’s LNG Ban

July 3, 2024 Andy Del Prado

Daily Standup Top Stories Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision? July 1, 2024 Stu Turley A federal judge issued a ruling Monday […]

Biden Admin
Climate Crisis

Native American Group Sues Biden Admin For Restricting Alaskan Oil And Gas Production

July 2, 2024 Mariel Alumit

A coalition of 23 Native American orgs is suing the Biden admin for restricting oil and gas development in Alaska’s National Petroleum Reserve. A Native American group is suing the Biden administration over one of […]

U.S. Energy Development Corporation
Crude Oil News

U.S. Energy Development Corporation to invest $750 million on Permian projects

July 1, 2024 Mariel Alumit

(WO) – U.S. Energy Development Corporation (U.S. Energy) is expanding its operations in the prolific Permian basin. U.S. Energy is poised for significant growth and development in one of the most productive oil and gas […]

China
Exploration and Production

China unites oil giants to boost domestic production under Xi’s directive

July 1, 2024 Mariel Alumit

Giants CNPC, Sinopec, and seven other state-owned Chinese oil companies are set to collaborate under a new state body tasked with increasing oil and gas production in China. This move follows a directive from the […]

Oceaneering
Exploration and Production

Oceaneering wins multiple vessel contracts in Gulf of Mexico

June 28, 2024 Mariel Alumit

Oceaneering has won multiple contracts for vessel services in the Gulf of Mexico. The first deal covers a mix of basic and heavy inspection, maintenance, and repair (IMR) services, including vessel-based inspections, maintenance of smaller […]

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