U.S. oil and gas rigs rise for third week
U.S. energy firms this week added oil and natural gas rigs for a third week in a row, as a recovery in oil prices prompted some drillers to return to Continue Reading
U.S. Rig Count Ticks Higher Amid Oil Price Slide
The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes —after rising by 9 last week. The total rig count Continue Reading
Biden Faces Off With Big Oil Over Drilling Auctions
The ongoing situation for 2021 in the U.S. appears to be Big Oil versus Biden, as once again major U.S. oil industry groups are suing President Biden for halting drilling Continue Reading
Environmentalists: Up To 84% Of Texas Flaring Not Permitted
Between 69 and 84 percent of observed methane gas flares in Texas were unpermitted, environmental group Earthworks said in a report published on Thursday, which says the Railroad Commission of Continue Reading
JP Morgan: Don’t Expect A ‘Shock’ Transition In Energy Markets
The energy transition dream clashes with a reality in which the funding and behavioral changes necessary for deep decarbonization of the global energy system are grossly underestimated. That’s one of Continue Reading
U.S. crude stockpiles fall to January 2020 lows -EIA
U.S. crude oil stockpiles dropped last week to their lowest levels since January 2020, the Energy Information Administration said on Wednesday. Inventories have been declining for several months as U.S. Continue Reading
Is The U.S. Shale Bankruptcy Rout Over?
Back in April, we reported that U.S. oil and gas companies were still filing for bankruptcy at record levels right in the midst of an oil price recovery. Smaller producers Continue Reading
US gasoline stocks show surprise build as demand slows: EIA
US gasoline inventories unexpectedly climbed in the week ended Aug. 13, US Energy Information Administration data showed Aug. 18, amid a continued slowdown in demand. Not registered? Receive daily email Continue Reading
Most flares from Texas Permian oil drilling lack permits
Oil producers such as Exxon Mobil (XOM.N) and Royal Dutch Shell (RDSa.L) are burning off gas in the largest oil field in the United States without required Texas state permits, Continue Reading
Comstock Resources offering U.S. shale oil and gas assets, document shows
Dallas Cowboys owner Jerry Jones’ Comstock Resources (CRK.N) oil company is offering to sell properties in North Dakota’s Bakken oilfield, a marketing document seen by Reuters shows, as rising energy Continue Reading