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E&Ps Capitalize on AI Surge with NatGas Investments, But Volatility Expected
EOG, Diamondback and Gulfport Energy remain optimistic—despite recent near-term volatility—and are doubling down on natural gas investments in order to meet growing energy demands.
Baker Hughes: US Drillers Cut Oil, Gas Rigs for First Time in Four Weeks
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks.
Exclusive: Harold Hamm’s Top Oil, Gas Goals After Trump Victory
Continental Resources Chairman Harold Hamm helped raise millions of dollars for Donald Trump’s campaign—and he’s got a laundry list of energy goals for the next administration to tackle.
TotalEnergies Awards SBM Offshore FPSO GranMorgu Development Contract
SBM will construct and install a floating production, storage and offloading vessel for TotalEnergies alongside its partner Technip Energies, the company said.
CEO: Ovintiv Passes on Permian Prices for More Montney Condensate
Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.
US NatGas Storage Levels Back in Record Territory
The U.S. Energy Information Administration’s weekly report shows a 42 Bcf increase of natural gas in storage, matching expectations.
Baker Hughes, SOCAR Partner to Limit Flaring at Azerbaijan Oil Refinery
Baker Hughes and SOCAR expect to recover flare gas equivalent up to 7 million normal cu. m of methane per year and further reduce CO2 emissions by up to 11,000 tons per year.
Gas Storage Capacity Needed, But Will Companies Rise to the Challenge?
Several projects are on the drawing board to meet the rising demand for natural gas along the Gulf Coast.
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says
U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending Nov. 8.
Oxy CEO Sheds Light on Powder River Basin Sale to Anschutz
Occidental is selling non-core assets in the Lower 48 as it works to reduce debt from a $12 billion Permian Basin acquisition.