ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter. The company estimates it could fetch roughly $200 million for Continue Reading
Canada’s oil sands producers may find welcome relief to years of pipeline capacity constraints when the first new pipeline in years could enter into service as early as next month. Continue Reading
In a traditionally slow news month such as August, any event of relative significance gets abundant coverage. Yet the latest report by the Intergovernmental Panel on Climate Change was not Continue Reading
Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to Continue Reading
U.S. shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since May 2020, according to the Energy Information Administration’s monthly drilling Continue Reading
The U.S. Treasury Department issued new energy financing guidance to multilateral development banks on Monday, saying the United States would oppose their involvement in fossil fuel projects except for some Continue Reading
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
The largest oil companies have significantly raised their share of crude oil production in the U.S. Gulf of Mexico in recent years, while smaller firms have been weighed down by Continue Reading
Tankers in path of Fred, Grace could see delays Chevron moves some workers from platforms Back-to-back storms passing through the Gulf of Mexico could delay LNG tankers reaching US terminals Continue Reading
Oil and gas producers in the U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers Continue Reading
