Exxon Adds 270,000 Acres for Largest Carbon Storage Site in the US

Exxon Mobil has leased acreage on the Gulf Coast from the Texas General Land Office for carbon capture and storage.

October 10, 2024

Florida Gas Stations Run Empty Amid Panic Ahead of Hurricane Milton

Terminals, pipelines and gas stations are shutting down in Florida as the state readies for the impacts of Hurricane Milton. 

October 9, 2024

US Natgas Prices Hold Near 1-week Low Ahead of Hurricane Milton

Lower output and higher demand forecasts offset expectations Hurricane Milton could cause millions of homes and businesses to lose power in Florida later this week.

October 8, 2024

E&P Highlights: Sept. 30, 2024

Here’s a roundup of the latest E&P headlines, including concessions awarded in the Middle East and updates following Hurricane Helene.

September 30, 2024

What's Affecting Oil Prices This Week? (Sept. 30, 2024)

Based on Stratas Advisors' demand forecast, there is room for Saudi Arabia to increase supply gradually and not collapse oil prices — if there is no dramatic increase in non-OPEC supply and the other members of OPEC+ do not grossly exceed their quotas.

September 30, 2024

Hurricane Helene Shuts in Nearly 30% of GoM Crude Production

Bumped up to hurricane classification on Sept. 25, Hurricane Helene has shut in 29% of crude and 17% of natural gas production in the Gulf of Mexico as it nears landfall in Florida tomorrow.

September 25, 2024

Mexico Pacific Edging Saguaro LNG Toward FID to Move Permian Gas

Mexico Pacific CEO Sarah Bairstow shared her thoughts with Hart Energy on the outlook for the Saguaro Energía LNG project as it marches forward with plans to be the Permian’s relief valve on associated gas buildup.

September 24, 2024

About 16% Crude Production Shut in GoM Due to Tropical Storm Helene

About 16% of crude production in the U.S. Gulf of Mexico on Sept. 24 were shut-in in response to Tropical Storm Helene.

September 24, 2024

What's Affecting Oil Prices This Week? (Sept. 23, 2024)

For the upcoming week, oil prices could get a boost from another storm forming in the Gulf of Mexico that could be a hurricane by the evening of Sept. 25 and possibly affect much of the eastern Gulf Coast.

September 23, 2024

EIA Reports Natural Gas Storage Jumped 58 Bcf

The weekly storage report, released Sept. 19, showed a 58 Bcf increase from the week before, missing consensus market expectations of 53 Bcf, according to East Daley Analytics.

September 19, 2024