Wyoming’s Powder River Basin has taken a quieter role in recent years as oil producers focused on the Permian. But state leaders remain confident, betting on a rebound in oil production from the once-promising shale play, Gov. Mark Gordon said in an exclusive interview.
Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G7 country leaders are due to meet on June 15-17 in Canada where they will …
Most G7 Members Ready to Lower Russian Oil Price Cap Without US Read More »
Foreign energy firms continue operating normally in Iraq, a senior Iraqi official told Reuters on Thursday, after U.S. President Trump said U.S. personnel were being moved out of the Middle East because “it could be a dangerous place”.The Iraqi oil ministry did not receive any notification from operators regarding staff reductions, added the official, who …
Foreign Energy Companies Continuing Normal Operations in Iraq, Official Says Read More »
JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels. U.S. President Donald Trump said on Wednesday the United States was moving personnel out …
JP Morgan Maintains 2025 Forecast for Oil Prices in Low-to-Mid $60s Read More »
HOUSTON–(BUSINESS WIRE)–Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Halliburton (NYSE: HAL) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. The capability enhances the previous implementation of …
Chevron and Halliburton Enable Intelligent Hydraulic Fracturing Read More »
(Reuters) – Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, NextEra <NEE.N> CEO John Ketchum said on Tuesday. Competition and high costs to obtain gas turbines, a construction labor shortage, and the costs associated with …
NextEra CEO Says Renewables Needed as Bridge to Expanding Gas Power Read More »
Continental Resources President and CEO Doug Lawler discussed technical breakthroughs being made in Wyoming’s Powder River Basin and his thoughts on whether there will be peak oil in the Lower 48, in this Hart Energy Exclusive interview.
Summary Oil prices ease from more than two-month peak Market focusing on Middle East tension, US-Iran talks US, Iran officials to meet on Sunday in Oman (Reuters) – Oil prices fell on Thursday after sharp gains in the previous session as market participants assessed a U.S. decision to move personnel from the Middle East ahead …
Oil Slips From Recent Highs as Market Assesses Middle East Tension Read More »
Oil prices edged higher on June 12 to their highest in more than two months, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East.
RBAC’s natural gas price model shows a long-term increase at the Henry Hub as the underlying factors in the gas market finally begin to shift for LNG demand.
