Oil prices are on course to post a weekly loss despite OPEC+ refusing to increase production. A combination of U.S. producers preparing to ramp up production and President Biden’s willingness Continue Reading
The U.S. oil rig count rose this week to 450—a 6-rig increase since last week The total rig count is now at 550, up 250 from this time last year Continue Reading
Sheffield: Instead of urging OPEC+ to supply more oil, President Biden should back off American drillers Sheffield: The Biden administration’s measure to limit oil and gas drilling on federal lands Continue Reading
Large oil companies are racing to sell land in the largest U.S. shale formation as rising crude prices present them with a golden opportunity to jettison unwanted acreage and meet Continue Reading
U.S. oil and gas producer Continental Resources Inc (CLR.N) is nearing a deal to acquire the Delaware Basin assets of peer Pioneer Natural Resources (PXD.N) for more than $3 billion, Continue Reading
BP Plc aspires to be the oil industry’s climate champion. Last year, the London-based company became the first of the world’s supermajors to embrace an eventual phase-out of all greenhouse Continue Reading
Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd Most Continue Reading
The number of oil and gas rigs in the United States rose by 2 this week, according to Baker Hughes . The total rig count is now at 544, up Continue Reading
Despite high oil prices, capital discipline has held drilling and completion activity in check as most public operators have focused on paying down debt and returning cash to shareholders instead Continue Reading
Exxon Mobil Corp. and Chevron Corp. on Friday disclosed plans to expand drilling in the top U.S. shale basin after posting their biggest quarterly profits in years. Latecomers to the Continue Reading
