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Oil

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. Read more

, , , Natural Gas/LNG

The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers. Read more

M&A/Investment

Environmental awareness

Gaj Rudolf

Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Read more

Health, Safety & Environmental

Oil rose as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets. Read more

Commodities

Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest. Read more

Drilling & Exploration

Oil prices jumped by about 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. airstrike killed a top Iranian military commander. Read more

Commodities

Oil prices were at the highest in more than three months, buoyed by hopes of an end to the China-U.S. trade fight and by a report showing lower U.S. crude inventories. Read more

Commodities

A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. Read more

Offshore & Marine

Oil rose further above $65 a barrel, supported by hopes that the U.S.-China trade deal will bolster oil demand in 2020 and the prospect of lower U.S. crude supplies. Read more

Commodities

Oil prices steadied on Friday and were set for weekly gains ahead of a meeting of OPEC and its allies later in the day which is expected to formally agree to more output cuts in early 2020. Read more

Commodities

Rystad Energy predicts that total non-OPEC production (crude oil and condensate) will grow by around 2.26 million barrels per day (bpd) in 2020. Read more

Upstream

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. Read more

Commodities

Oil had risen for the last two days on expectations that China and the United States would soon sign a preliminary agreement beginning an end to their 16-month trade dispute. Read more

Commodities

Despite massive cuts in investment the US Gulf of Mexico is set for another year of record oil production in 2020. Read more

Offshore & Marine

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030. Read more

Commodities

Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu, and West Atapu; unit can process up to 150,000 barrels per day. Read more

Natural Gas/LNG

Montana lawmakers representing Native American tribal members called on the state’s congressional delegation and the U.S. State Department on Thursday to extend the public comment period for the environmental review of the Keystone XL pipeline. Read more

Pipeline/Transportation

China and the United States have agreed in the past two weeks to cancel tariffs in different phases. Read more

Commodities

China and the United States have agreed in the past two weeks to cancel tariffs in different phases. Read more

Commodities

The last time prices reached $4/gal was in May 2019, which was a result of planned and unplanned refinery outages in California. Read more

Natural Gas/LNG

Cleanup crews in Walsh County, North Dakota, are working to plug the Keystone pipeline after a 9,000-barrel oil leak this week, a state official said Friday, while crude shippers are searching for alternative means of getting needed supply. Read more

Pipeline/Transportation

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    zorazhuang Getty Images

    582256640

    Oil Refinery, Chemical & Petrochemical plant abstract at night.