China’s move to speed up the construction of natural gas storage facilities is expected to boost the storage capacity over the next two-three years, but the country is unlikely to Continue Reading
with Paulina Firozi The coronavirus crisis is not only battering the oil and gas industry. It’s drying up capital and disrupting supply chains for businesses trying to move the country Continue Reading
Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices collapsed to minus $37 a Continue Reading
A lame-duck Texas regulator who proposed mandatory oil-output cuts said the effort is “dead” a day before the biggest U.S. crude-producing state was set to vote on the measure. Texas Railroad Continue Reading
A federal judge on Friday vacated 287 oil and gas leases on almost 150,000 acres of land in Montana, ruling that the Trump administration had improperly issued the leases to Continue Reading
Steven Mnuchin, the US Treasury secretary, said it was “too hard to tell” if the US will loosen international travel restrictions affecting Asia and Europe this year, even as measures Continue Reading
The NYMEX June natural gas futures contract settled 10.30 cents higher at $1.993/MMBtu on Monday as collapsing US rig counts highlight expectations of lower associated gas production. Receive daily email Continue Reading
With North Dakota Bakken oil production down more than 30%, the death of the mighty shale region has begun. There is no way for the companies producing shale oil in Continue Reading
Turns out shutting an oil well is easy, in many cases, it can be done with a few taps on an iPhone. Figuring out which to shut, and for how Continue Reading
A newly revised coronavirus mortality model predicts nearly 135,000 Americans will die from COVID-19 by early August, almost double previous projections, as social-distancing measures for quelling the pandemic are increasingly Continue Reading
