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US rakes in $263.8 mln from Gulf of Mexico drilling rights auction

Posted by Daniel Barton
|Date: March 30, 2023
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US rakes in $263.8 mln from Gulf of Mexico drilling rights auction

Gulf offshore drilling operation A U.S. government auction of oil and gas drilling rights in the Gulf of ...

Gulf offshore drilling operation A U.S. government auction of oil and gas drilling rights in the Gulf of Mexico generated $263.8 million in high bids, the most of any sale in the region for years and ...

March 30, 2023
| by Daniel Barton

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U.S. oil & gas rig count falls for third week in a row

Posted by Daniel Barton
|Date: March 06, 2023
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U.S. oil & gas rig count falls for third week in a row

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a ro ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since August, energy services firm Baker Hughes Co said in its closely fol ...

March 06, 2023
| by Daniel Barton

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U.S. crude oil exports to be in demand this year as trade flows reshuffle

Posted by Daniel Barton
|Date: February 18, 2023
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U.S. crude oil exports to be in demand this year as trade flows reshuffle

U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s inva ...

U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company ...

February 18, 2023
| by Daniel Barton

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Exxon halts routine gas flaring in the Permian, wants others to follow

Posted by Daniel Barton
|Date: January 25, 2023
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Exxon halts routine gas flaring in the Permian, wants others to follow

Exxon Mobil Corp said it has stopped routine flaring of natural gas from production in the top U.S. shale ...

Exxon Mobil Corp said it has stopped routine flaring of natural gas from production in the top U.S. shale basin and will press for stronger regulations for rivals to do the same, company officials sai ...

January 25, 2023
| by Daniel Barton

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Company operating Hibernia offshore oil platform challenging oil spill charges

Posted by Daniel Barton
|Date: January 09, 2023
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Company operating Hibernia offshore oil platform challenging oil spill charges

ST. JOHN’S, N.L. – The company that operates the Hibernia offshore oil platform has pleaded not guilty to ...

ST. JOHN’S, N.L. – The company that operates the Hibernia offshore oil platform has pleaded not guilty to three charges related to a 2019 oil spill off the east coast of Newfoundland. Court documents ...

January 09, 2023
| by Daniel Barton

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Oil dives 4%, trade choppy on worries about China, global economy

Posted by Daniel Barton
|Date: January 04, 2023
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Oil dives 4%, trade choppy on worries about China, global economy

HOUSTON, Jan 3 (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand d ...

HOUSTON, Jan 3 (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar. Brent futures for March d ...

January 04, 2023
| by Daniel Barton

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Oil giants rake in steep profits amid high energy prices

Posted by Daniel Barton
|Date: October 29, 2022
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Oil giants rake in steep profits amid high energy prices

Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline a ...

Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $1 ...

October 29, 2022
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White House to meet oil industry over Hurricane Ian price-gouging concerns

Posted by Daniel Barton
|Date: October 02, 2022
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White House to meet oil industry over Hurricane Ian price-gouging concerns

This GOES-East GeCcolor satellite image taken at 9:56 a.m. EDT on Tuesday, Sept. 27, 2022, and provided b ...

This GOES-East GeCcolor satellite image taken at 9:56 a.m. EDT on Tuesday, Sept. 27, 2022, and provided by the National Oceanic and Atmospheric Administration (NOAA), shows Hurricane Ian passing over ...

October 02, 2022
| by Daniel Barton

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Chevron announces leadership changes

Posted by Daniel Barton
|Date: August 02, 2022
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Chevron announces leadership changes

SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today announced the appointment of Alana K. Knowles a ...

SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchaus ...

August 02, 2022
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U.S. drillers add oil and gas rigs for record 24th month

Posted by Daniel Barton
|Date: July 31, 2022
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U.S. drillers add oil and gas rigs for record 24th month

U.S. energy firms this week added oil and natural gas rigs for a record 24 months in a row as oil majors ...

U.S. energy firms this week added oil and natural gas rigs for a record 24 months in a row as oil majors post blowout earnings on surging crude and gas prices. The oil and gas rig count, an early indi ...

July 31, 2022
| by Daniel Barton

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