Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, creating one of the largest independent U.S. shale producers and answering investor calls for consolidation Continue Reading
OECD commercial oil inventories are expected to stand slightly above the five-year average through Q1 2021, before dropping below that benchmark for the remainder of the year, OPEC Secretary General Continue Reading
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a company worth around $6 billion, people familiar Continue Reading
The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. The 2020 edition of the annual outlook reveals Continue Reading
With the U.S. oil industry reeling from the collapse in demand this year, the New Mexico shale patch has emerged as the go-to spot for drillers desperate to squeeze as Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 4 to 183. The total number of active oil and gas rigs increased Continue Reading
Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands ahead of the presidential election, which could Continue Reading
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension Continue Reading
The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. The 2020 edition of the annual outlook reveals Continue Reading
Maintaining oil production will be the top priority for U.S. oil drillers for the next six months, according to the latest installment of the Dallas Fed quarterly energy survey . Continue Reading
