Hornbeck Offshore Services, Inc. a premier integrated offshore services company, today announced that it has entered into multiple agreements with Shell Offshore Inc. (“Shell”) to provide services in the U.S. Gulf of America. Under these agreements, Hornbeck will provide a comprehensive range of integrated deepwater services including riser based well intervention, riserless well intervention stimulation […]
Oil traders appear to be preparing for a resumption of hostilities in the Middle East following the U.S. midterm elections on November 3, and if such a resumption does not take place, oil prices are likely to drop, ING commodity strategists wrote today in a note. With President Trump repeatedly hinting at or outright saying […]
EQT has agreed to acquire Range Resources in an all-stock transaction that will combine two of the largest natural gas producers in Appalachia. The combined company will have a pro forma enterprise value of more than $50 billion. It will produce more than 9 Bcfed net from nearly 3 million net acres, with more than […]
The first tanker shipping diesel out of Russia to the U.S. departed from the Russian Baltic Sea port of Primorsk early on Friday local time and is en route to New York where it is expected to arrive on November 7, shipping data show.
Murphy Oil Corporation has announced an offshore oil discovery in Vietnam and successful appraisal drilling in Côte d’Ivoire, alongside new production milestones at its Lac Da Vang development offshore Vietnam and Chinook field in the U.S. Gulf. Offshore Côte d’Ivoire, Murphy’s Bubale West-1X appraisal well in Block CI-103 encountered approximately 88 ft (27 m) […]
Seadrill Limited has secured new offshore drilling contracts and extensions in Indonesia, Malaysia, Angola and the U.S. Gulf, including a $420 million award for the West Carina drillship, strengthening its contracted rig activity through 2030. In Indonesia, the West Carina was awarded a contract with an undisclosed operator valued at approximately $420 million for a […]
The U.S. Environmental Protection Agency (EPA) is preparing to propose further revisions to 2024 oil and natural gas emissions regulations, including changes affecting marginal wells, associated gas and the agency’s Super Emitter Program.
U.S. oil and gas activity continued to expand in the third quarter of 2026, with exploration and production companies reporting higher oil and natural gas output despite elevated costs and longer supplier delivery times, according to the Federal Reserve Bank of Dallas Energy Survey.
The U.S. ordered another release of oil from emergency reserves—and urged European nations to do likewise—as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections. The U.S. will offer up to 40 MMbbl from the Strategic Petroleum Reserve, according to a statement from the Department […]
INEOS is marking 10 years since the first shipment of U.S. shale ethane arrived at its Grangemouth complex in Scotland, establishing a supply route that has since delivered more than 400 cargoes of feedstock to the petrochemical site. The first purpose-built Dragon-class vessel, the JS INEOS Insight, arrived at Grangemouth on Sept. 28, 2016, […]