The Biden administration is ready to release more oil from the U.S. strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday. Senior Biden adviser Amos Hochstein told the newspaper that oil prices are “still too high for many Americans” and he would like to see them “cut …
U.S. Ready to Re-open Oil Stockpile if Petrol Prices Surge Again, FT Reports Read More »
Learn How We Convert Your Land Records from Paper to Digital When it comes to managing land records, most energy companies have a combination of digital and paper files. This makes finding and analyzing information extremely time consuming, and trying to share information is even worse. However, it’s a daunting process and finding the time …
WATCH: Digitizing Your Land Files & Mapping Your Acquisition Projects Read More »
The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential.
Summary Brent, WTI post highest weekly increase since April U.S. consumer sentiment deteriorated to seven-month low in June EIA upgraded oil demand growth estimates for 2024 slightly U.S. oil rig count hits the lowest since January 2022 NEW YORK, June 14 (Reuters) – Oil futures prices settled slightly lower on Friday after a survey showed …
Oil Dips, but Posts Weekly Gain on Solid 2024 Demand Outlook Read More »
Marathon Petroleum’s 68,000 barrel per day crude oil refinery went under maintenance earlier this month, putting downward pressure on Bakken oil prices, a state regulator said during a press conference on Friday. All units at the Mandan refinery are currently under maintenance, according to Justin J. Kringstad, director of the North Dakota pipeline authority. Marathon …
Marathon’s North Dakota Refinery Undergoing Maintenance, State Regulator Says Read More »
The Biden administration’s draining of the Northeast Gasoline Supply Reserve is another cynical ploy to disguise that its real goal is to raise gas prices. By Alex Epstein The Biden administration claims that draining the Northeast Gasoline Supply Reserve shows its commitment to low gas prices. In fact, this is yet another cynical ploy to …
June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …
US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes Read More »
Appalachian Basin E&Ps are expected to ramp up production for the Equitrans-operated Mountain Valley Pipeline by 2025 — although, near term, only about 38% of the line’s capacity is expected to be used, an analyst said.
Here is a look at some of this week’s renewable energy news, including a move by tech powerhouse Google to procure more geothermal energy.
SLB and Aker Carbon Capture have closed a deal to combine technology portfolios for carbon capture solutions.
