Oil Price Unprecedented uncertainty in natural gas demand and policies and low levels of investment in new production risk creating fresh energy crises and undermining energy security and climate goals as it would stall the […]
HOUSTON, Oct 23 (Reuters) – Chevron (CVX.N) agreed to buy U.S. rival Hess (HES.N) for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil […]
World Oil (Bloomberg) – Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to gain scale in U.S. shale, according to people familiar with the matter. […]
Oil Price Mergers in the U.S. shale patch have continued through the course of 2023 as companies jockey for assets that will fill in gaps in their acreage base. Two key basins have been the […]
Oil Price Around $7 trillion in global investments in natural gas supply are necessary to ensure enough gas and avoid supply crunches through 2050, according to the Institute of Energy Economics, Japan (IEEJ). Source: Oil […]
The total number of active drilling rigs in the United States rose by 2 this week after climbing by 3 last week, according to new data that Baker Hughes published Friday, as drillers continue to […]
(Bloomberg) – Senator Joe Manchin condemned the Biden administration’s decision to lift sanctions against Venezuela’s oil and gas sector, arguing the U.S. should instead turn to domestic crude production to fill any shortfall. The administration is looking […]
(Bloomberg) – The U.S. just took the first steps in pulling back on a four-year-old sanction policy that had strangled oil exports out of Venezuela, home to world-class crude reserves. The major reversal signals that […]
(Bloomberg) – bp Plc is in talks to exit Senegal’s Yakaar-Teranga natural gas field, which would leave operatorship of the resource to Kosmos Energy Ltd. and increase the stake held by the state, according to […]
October 18, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, September 2023 We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic […]
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