OilPrice

JUNE 9, 2025

Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will give American drivers much needed relief at the pump after years of gas price inflation. One reason for the hypothetical decline is what is widely seen as weakening demand growth.

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OilPrice

JUNE 6, 2025

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that. The number of gas rigs rose by 5 this week, to…

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OilPrice

JUNE 19, 2025

Big Oil firms expect global oil demand to stop growing at some point early next decade. But the decline will be very slow and gradual and will look more like a plateau than a downward spiral. The world’s biggest international oil and gas companies have started to acknowledge that demand growth could slow or stop within a decade.

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OilPrice

JUNE 11, 2025

The combined net profits of Russia’s oil and gas companies nearly halved in the first quarter from a year earlier, while petroleum revenues for the budget have been falling with the decline in oil prices in recent months. The net profits of the Russian oil and gas firms slumped to $9.9 The drop in oil prices,…

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OilPrice

JUNE 15, 2025

A total of 93 oil and gas firms made it in the latest edition of the Forbes Global 2000 rankings of the world’s largest public companies. Forbes’ Global 2000 ranks the largest public companies in the world using four metrics—sales, profits, assets, and market value, and all these have reached record highs this year.

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OilPrice

MAY 25, 2025

Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas.

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OilPrice

JUNE 13, 2025

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that. The number of gas rigs fell by 1 this week,…

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OilPrice

MARCH 11, 2025

The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.

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OilPrice

APRIL 12, 2025

Newly discovered offshore oil and gas deposits in Pakistans territorial seas could be brought to surface by Pakistan and Turkey. According to News.AZ, Pakistans Mari Energies Limited, Oil and Gas Development Company Limited

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Gas Oil Offshore Basin 358

OilPrice

JUNE 12, 2025

Senior Russian and Chinese officials have discussed LNG and pipeline gas supply from Russia to China and cooperation in joint energy projects, the Russian Energy Ministry said this week. China has become a top buyer of Russian energy since the Kremlin’s war in Ukraine cut off most of Russia’s oil, gas, and coal…

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OilPrice

JUNE 19, 2025

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.

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OilPrice

MARCH 7, 2025

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior. The number of oil rigs stayed the samedown by 18 compared to this time last year. Miscellaneous rigs were unchanged at 5.

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OilPrice

APRIL 3, 2025

Russian revenues from oil and gas plunged by 17% in March from a year earlier, according to data from Russias finance ministry. Oil and gas revenues for the Kremlin fell to $13.1 Oil and gas revenues for the Kremlin fell to $13.1 billion (1.1 billion (2.64 trillion rubles), the official Russian data showed.

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OilPrice

APRIL 24, 2025

Russia is expected to see its oil and gas revenues for April slump by 22% from a year ago, amid lower oil prices and a stronger local currency, according to Reuters calculations. In March, Russian revenues from oil and gas plunged by 17% from Russias revenues from hydrocarbons are set to be about $11.6

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OilPrice

MAY 7, 2025

Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian finance ministry said on Wednesday. Oil and gas revenues for the Kremlin dipped to $13.45 Oil and gas revenues for the Kremlin dipped to $13.45 billion (1.09

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OilPrice

MAY 27, 2025

Investments in Norways oil and gas sector are set to hit a record high this year, led by increased investments in operating fields, Statistics Norway said on Tuesday in its latest survey of companies investment plans. billion (269 billion Norwegian crowns), up by 6% compared to the estimates in the previous quarter.

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Enverus

JUNE 6, 2025

As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ For upstream oil and gas companies, it offers a path to faster decisions, smarter development and more efficient operations.

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OilPrice

JUNE 19, 2025

Zhongman Petroleum and Natural Gas Group (ZPEC), an independent Shanghai-listed Chinese oil and gas company, has won a licensing contract to explore a natural gas block in central Algeria, the firm has said.

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OilPrice

APRIL 29, 2025

Amazon (NASDAQ:AMZN) and Nvidia (NASDAQ:NVDA) have said that all options, including oil and gas, are on the table as tech giants continue to grapple with surging power demand by AI workloads. Energy and tech executives have gathered at the Hamm Institute for American Energy in Oklahoma City to discuss how the U.S.

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OilPrice

JUNE 11, 2025

The supermajor’s alleged crime: saying that natural gas is better for the environment than coal and oil. Normally, activists focus on oil when they attack the energy industry, but lately, they have shifted their attention to gas. Gas was going… The TotalEnergies case may be only the beginning of a new offensive.

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OilPrice

APRIL 3, 2025

Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and natural gas importer. But natural gas demand is only going up, and its expected to continue growing for decades. But natural gas demand is only going up, and its expected to continue growing for decades.

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OilPrice

APRIL 22, 2025

Turkey is currently in talks to explore for oil and gas in Bulgaria, with similar plans for exploration in Iraq and Libya, Turkish Energy Minister Alparslan Bayraktar has revealed. Turkey not only wants to boost domestic oil and gas production, but also harbors ambitions to become a regional energy hub.

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OilPrice

APRIL 4, 2025

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, following a 1 rig dip in the prior week. The number of oil rigs rose by 5 to 489down by 19 compared to this time last year. Miscellaneous rigs were unchanged at

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Drilling rig Gas Oil 290

OilPrice

MAY 16, 2025

Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country. North African and Middle Eastern countries often turn to oil and direct crude burn for power generation, especially with spiking demand for

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OilPrice

APRIL 26, 2025

Neighbouring Guyana has attracted attention from numerous international oil majors eyeing Caribbean oil and gas, which has, in turn, garnered greater attention in Trinidad and Tobagos energy sector.

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OilPrice

JUNE 4, 2025

With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. While it is still too early to quantify the full impact of current market volatility on oil prices,

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OilPrice

JUNE 18, 2025

Tokyo Gas, the biggest city gas supplier in Japan, doesn’t import LNG from Middle Eastern exporters so its supply of the super-chilled fuel is not being directly impacted by the Israel-Iran conflict, a top executive said on Wednesday. Japan is the world’s second-biggest LNG importer after China.

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OilPrice

JUNE 20, 2025

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease in each of the two weeks prior. The number of gas rigs fell by 2 this week, to 111 for a gain of 13 active…

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Oil & Gas 360º

JUNE 13, 2025

(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. By Charles Kennedy for Oilprice.com

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OilPrice

APRIL 9, 2025

Oil and gas companies are looking to get the most bang for their buck in exploring for hydrocarbon resources. Those lucky enough to have made an early bet on what are now the huge frontier plays, such as Guyana, are seeing exploration expenditures and efforts pay off with large oil and gas discoveries.

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OilPrice

APRIL 29, 2025

Canadian energy producers are focusing more on natural gas as oil prices suffer the combined effects of the U.S. Yet drillers started turning to natural gas to regain their balance much earlier than April. presidents tariff offensive against the world and OPEC+s decision to change tack and boost output.

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OilPrice

APRIL 4, 2025

natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. The benchmark price for U.S.

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OilPrice

MAY 23, 2025

The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The number of oil rigs fell by 8 to 465 after falling by 1 during the previous weekand down by 32 compared to this time last year.

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Oil & Gas 360º

JUNE 10, 2025

(Oil & Gas 360) – June 10, 2025 – When Oil & Gas 360 ® first sat down with Troy Eckard, Founder and Chairman of Eckard Enterprises , for a candid Executive Interview , the result was a compelling story chock-full of insights from a successful oil and gas veteran.

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OilPrice

MARCH 7, 2025

oil production continues, rallying natural gas prices are setting the stage for a rebound in Americas gas output this year, following months of output curtailments in 2024. natural gas prices above the $4 per million British thermal units (MMBtu) level, up by 160% in one year. While the slowdown in U.S.

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OilPrice

MARCH 26, 2025

British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed.

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OilPrice

MAY 27, 2025

Goldman Sachs analysts issued yet another update to their oil price forecast, reiterating expectations of weaker prices this year and next, on the back of substantial growth in non-OPEC supplyexcluding U.S.

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