energy
U.S. Oil, Gas Drillers Struggle Amidst Slowdown
As U.S. oil and gas drillers grapple with fewer rigs and regional challenges, sparking intense scrutiny from industry analysts.
As U.S. oil and gas drillers grapple with fewer rigs and regional challenges, sparking intense scrutiny from industry analysts.
In April, negative natural gas prices at the Waha hub posed significant challenges for Permian Basin producers, amid expectations of new pipeline operations.
ADNOC boosts its oil production to 4.85 million bpd ahead of the OPEC+ meeting, positioning the UAE to influence global oil market dynamics as production cuts are reviewed.
The FTC is close to approving Exxon's $60 billion acquisition of Pioneer Natural Resources, potentially making Exxon the top producer in the Permial Basin.
U.S. LNG exports fell for the fourth month to 6.19 million metric tons, primarily due to production disruptions at major facilities like Freeport LNG, affecting global energy markets.
House Republicans criticize the Biden administration's EPA directive to cut emissions from coal and gas plants by 2039, arguing it threatens economic viability and could shut down numerous utilities.
OPEC+ members, particularly Iraq and Kazakhstan, are implementing compensatory cuts ahead of an important upcoming meeting to determine future production policies.
OPEC Secretary General Haitham Al Ghais refutes claims of the oil era's end, emphasizing the resilience of oil demand and advocating for balanced energy policies to prevent investment shortfalls.
As U.S. oil and gas drillers grapple with fewer rigs and regional challenges, sparking intense scrutiny from industry analysts.
In April, negative natural gas prices at the Waha hub posed significant challenges for Permian Basin producers, amid expectations of new pipeline operations.
ADNOC boosts its oil production to 4.85 million bpd ahead of the OPEC+ meeting, positioning the UAE to influence global oil market dynamics as production cuts are reviewed.
The FTC is close to approving Exxon's $60 billion acquisition of Pioneer Natural Resources, potentially making Exxon the top producer in the Permial Basin.
U.S. LNG exports fell for the fourth month to 6.19 million metric tons, primarily due to production disruptions at major facilities like Freeport LNG, affecting global energy markets.
House Republicans criticize the Biden administration's EPA directive to cut emissions from coal and gas plants by 2039, arguing it threatens economic viability and could shut down numerous utilities.
OPEC+ members, particularly Iraq and Kazakhstan, are implementing compensatory cuts ahead of an important upcoming meeting to determine future production policies.
OPEC Secretary General Haitham Al Ghais refutes claims of the oil era's end, emphasizing the resilience of oil demand and advocating for balanced energy policies to prevent investment shortfalls.
Germany's decision to phase out nuclear power has been met with international criticism, questioning its logic amid global energy challenges.
In his MEES commentary, OPEC Secretary General Haitham Al Ghais argues against the narrative of the impending end of oil.
Recent data shows a continued decline in U.S. drilling activity with fewer active rigs.
Texas's deepwater oil export plans face challenges due to shifting global trade dynamics, reduced demand for supertanker ports, and uncertainties in U.S. oil production growth.
Soaring oil prices are weakening global economic demand, exacerbating credit constraints, and heightening recession fears.
At a congressional field hearing in Texas, oil and gas industry leaders criticized President Biden's green energy policies, arguing they impose high costs and threaten jobs without providing substantial benefits.
