Tariffs on consumables such as imported steel, OCTG, cement, and drilling fluids result in near-immediate price increases that will see higher costs passed directly to ...

At 438.4 million bbl, US crude oil inventories are about 7% below the 5-year average for this time of year, the US Energy Information Administration report indicated.

The operator is leaning on efficiency initiatives to grow cash flows by $1 billion annually by 2027 and is selling its stake ...

Sec. Wright told the US House Committee on Appropriations Subcommittee on Energy and Water Development that the low stocks “weakened America’s ability to respond to new ...

The Chevron Phillips Chemical joint venture and partners plan to sell CPSC, which operates a 400,000-tpy high-density ...

Beacon Offshore Energy LLC, Houston, along with its Gulf of Mexico Wintershall development partners, are evaluating a future sidetrack to produce reserves after remediation of the Winterfell-3 well ...

In EIA’s forecast, increasing oil production outpaces annual oil demand growth. Rising inventories globally will result in ...

On May 6, on a call to discuss first-quarter earnings and operations, the to-be chief executive told analysts not to expect ...

The deal, signed with “a major Asian energy company,” will see Commonwealth supply 1 million tpy of LNG for 20 years, the company said in a release May 5.

Outgoing CEO Travis Stice said Diamondback will need WTI’s price to climb back to nearly $70/bbl before it recommits capital ...

This marks the group’s third consecutive monthly hike, escalating concerns of a potential price war in the global oil market.

Petrobras began commercially operating the complex’s second 10.5-million cu m/day processing train, bringing the Boaventura ...