ConocoPhillips plans to keep the number of rigs steady on Permian Basin acreage recently acquired from Shell plc. We plan to continue running four rigs on that property, the same activity rate that Shell was […]
Oil producers in the Permian Basin must do more to disclose and stop the leak of methane, a powerful greenhouse gas, a House committee wrote in a letter to 10 major oil companies. The letter from the […]
Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools […]
OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]
Even the climate-conscious Biden administration supported ConocoPhillips’s $6 billion oil development on Alaska’s Northern Slope, but that couldn’t stop a judge from throwing it in limbo on environmental grounds. U.S. District Judge Sharon Gleason’s decision to rescind the […]
(Bloomberg) — ConocoPhillips and Diamondback Energy both got a boost from surging natural gas prices in the first quarter, as a February deep freeze in the central U.S. stoked demand for the heating and power-plant […]
Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
Pioneer Natural Resources is buying its neighbor in the Midland Basin, making it the largest producer in the Permian Basin. Irving-based Pioneer is using a combination of its own stock, cash and debt to purchase […]
Upstream oil and gas companies are responsible for significant greenhouse gas (GHG) emissions and are some of the largest carbon-emitting companies globally. As a result, upstream operators are under growing pressure from governments, shareholders and […]
Energy News Beat Publishers Note: The decision to put in a processing plant and ship by rail is a financial decision. The U.S. will be importing more oil from other countries at very high prices, […]
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