US oil production is set to pick up steam again — this time led by little-known privately owned companies impervious to the demands of the stock market. Forecasters project that Continue Reading
Top state refiners Sinopec Corp, PetroChina and leading private chemical giants like Hengli Petrochemical (600346.SS) and Zhejiang Petrochemical Corp are set to join the country’s first state oil reserve auction Continue Reading
ConocoPhillips ’s purchase of Royal Dutch Shell Plc ’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus. The Houston-based Continue Reading
Rising U.S. oil consumption this year has led to crude oil inventories in Cushing, Oklahoma, dropping by as much as 42 percent so far this year, the Energy Information Administration Continue Reading
ConocoPhillips ’s $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost the amount of carbon the company pumps into the atmosphere. Yet the company says Continue Reading
Ida is poised to join Katrina, Sandy, Harvey and Irma on the list of the top five costliest hurricanes as measured by insured losses. Estimates of Ida’s damage have continued to Continue Reading
Two events in the Gulf of Mexico have dented the latest 2021 supply forecast by the Organization of the Petroleum Exporting Countries (OPEC). In the cartel’s latest Monthly Oil Market Continue Reading
Royal Dutch Shell (RDSa.L) , the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing Continue Reading
Royal Dutch Shell RDS.A -2.16% PLC has agreed to sell all of its assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion in cash. The deal, disclosed Continue Reading
Rigzone looks at the Bureau of Safety and Environmental Enforcement’s latest production status data for the Gulf of Mexico. Yes, according to the Bureau of Safety and Environmental Enforcement’s (BSEE) Continue Reading
