Rystad: A US gas boom is coming
Natural gas production in the US is set to grow to a record 93,3 bcfd in 2022 and will continue to rise, exceeding 100 bcfd in 2024, according to Rystad...
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Enerplus to acquire Bakken acreage, increases 2021 production guidance
Enerplus has agreed to acquire Little Knife and Murphy Creek acreage interests in the Bakken shale in Williston basin in North Dakota from Hess for $312 million and has updated...
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EIA: US crude inventories up 1.9 million bbl
US crude oil inventories for the week ended Mar. 19, excluding the Strategic Petroleum Reserve, increased by 1.9 million bbl from the previous week, according to data from the US...
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PetroChina’s $37B capex budget makes it the world’s most active oil company
(Bloomberg) --China’s fear of dependence on foreign suppliers means its biggest oil company plans to be the world’s top-spending driller this year, even as it says the nation’s demand for...
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Oil prices rebound on Suez Canal blockage, positive U.S. inventory data
(Bloomberg) - Oil surged the most since November as signs of stronger gasoline demand in the U.S. eased concerns around the global economic recovery from the pandemic. Futures in New York...
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U.S. oil demand shows staying power as fuel sales near 2019 levels
(Bloomberg) --After a year of getting pummeled by the coronavirus, U.S. oil demand is bouncing back -- and this time it looks like it’s here to stay. Retail gasoline sales rose...
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Oil prices rise to highest in a year on U.S. growth optimism, crude supply restraint
Brent crude futures climbed 45 cents, or 0.8 per cent, to $59.28 a barrel, after hitting a high of $59.32, its highest since Feb. 20 last year. Brent is on...
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U.S. drillers add oil and gas rigs for 12th week in a row -Baker Hughes
FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, 2019. REUTERS/Nick...
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OPEC+ will keep oil output steady next month, per Iraq’s oil minister
(Bloomberg) --Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab...
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The people of Oklahoma Oil & Natural Gas provide significant funding for state non-profits
OKLAHOMA CITY, Feb. 10, 2021 /PRNewswire/ -- Oklahoma's non-profit organizations are giving a big thank you to the people of Oklahoma Oil & Natural Gas. Despite the downturn, organizations, companies and...
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