On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus, we saw families driving into the mountains in off-road vehicles, a favorite activity for this outdoors-loving community. With a median household income above US$70,000 and a low cost of living, Rangely does not have the signs of a town in economic distress.
Oil prices were little changed on Monday after Joe Biden announced he would not seek a second term as U.S. president, while investors watched for more signs that U.S. interest rates could be cut as early as September.
U.S. oil and gas trade groups, including the Independent Petroleum Association of America (IPAA) and the National Ocean Industries Association (NOIA) released statements after Senate Energy & Natural Resources Committee Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY) introduced the permitting reform package, the Energy Permitting Reform Act of 2024.
Offshore Wind California has praised the California Energy Commission’s final strategic plan to deploy large scale offshore wind in the state, and called the effort a “watershed moment” for the development of the sector.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
The total rig count fell by 2 to 588 this week, compared to 682 rigs this same time last year.
American oil major Chevron Corporation has signed agreements with the Angolan government that will allow it to commence exploration at two of its blocks off the Atlantic coast.
US oil and gas drilling company Noble has signed a definitive agreement to acquire Diamond Offshore Drilling in a cash and stock deal.
In the wake of ConocoPhillips’ announcement of a deal to acquire Marathon Oil Corp., the wave of US oil and gas M&A continues with a focus on building large positions in the Permian Basin.
If the U.S. wants its LNG exports to continue to grow, it will need more pipelines in order to get the gas to export terminals.
US President Joe Biden says he is prepared to “use all tools at his disposal” to get American oil producers to do more to lower the cost of oil