The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 6.10 million barrels in the week ending April 10. In the week prior, US crude oil inventories rose by 3.719 million barrels. Analysts had expected a 1.3 million barrel draw.
Iran has said that United States and Israeli strikes hit its South Pars natural gas field and associated infrastructure, Bloomberg reported on Wednesday.
United States Energy Secretary Chris Wright has directed Sable Offshore Corp to reactivate the Santa Ynez Unit (SYU) production facility and the associated pipeline system in California, citing security risks amid the disruption of oil shipping in the Strait of Hormuz.
U.S. natural gas production surged by an impressive 94%, and by 2009, oil production also turned a corner, ultimately soaring by 170%.
The U.S. presidential election promises to dominate global news coverage for the next 24 hours, and oil markets will be watching developments closely after both WTI and Brent banked gains from the OPEC+ decision on Monday.
Oilfield services company Enersol, a joint venture between ADNOC Drilling and UAE-listed investment company Alpha Dhabi Holding, has agreed to acquire a 95% equity stake in US drilling specialist Deep Well Services (DWS) for approximately USD 223 million, ADNOC Drilling announced on Monday.
Colorado officials are advancing rules to cut carbon emissions in yet another sector — this time in the midstream sector of the oil and gas industry, a battleground area in which both industry and environmental leaders worry already about the proposed regulations.
Allstream Energy Partners is pleased to announce the launch of its comprehensive set of industry calendars, including the Upstream Calendar, Midstream Calendar, Downstream Calendar, and Renewables Calendar. These calendars serve as an essential resource for professionals in the energy sector, providing a free lookahead for key industry events across the country.
The Colorado Energy and Carbon Management Commission approved a proposal that allows Civitas Resources to move forward with its plan to put more than 150 new oil and gas wells on 32,000 acres near the Aurora Reservoir.
US oil and gas production shows further signs of flattening out or turning down, a delayed response to the decline in prices over the last two years after the initial shock caused by Russia’s invasion of Ukraine in early 2022.