Adding to the gloom, the American Petroleum Institute reported crude inventories expanded by 4.58 million barrels last week, while gasoline stockpiles rose for a second straight week, according to people familiar with the data. SourceContinue Reading

The Luiperd-1X well on Block 11B/12B was drilled to a total depth of about 3,400 meters and encountered 73 meters of gas condensate. Total will now conduct a detailed assessment of the reservoir in conjunction with Qatar Petroleum and its other partners. SourceContinue Reading

“This acquisition is a natural bolt-on extension of EQT’s dominant position in the core of the southwest Marcellus and supplements our already impressive asset base,” EQT CEO Toby Rice said in a statement. SourceContinue Reading

Trump is considering issuing an executive order to require an economic analysis of fracking, as the president seeks to use what he portrays as Biden’s mixed messages on energy to capture votes in the swing states of Pennsylvania and Ohio. SourceContinue Reading

U.S. energy leadership is a product of American ingenuity and resilient workers – not federal mandates or government bailouts, says the American Petroleum Institute. SourceContinue Reading

While Q3 is positive news for BP after a year of multibillion dollar write-offs and record low oil prices, it points to a slow recovery in a world where demand is still at the mercy of the coronavirus pandemic. SourceContinue Reading

Joe Biden has pledged to rescind a key permit granted by Trump for the pipeline, designed to take 830,000 barrels of crude a day from Alberta to Nebraska. Keystone XL has been on its death bed before, only to come back. But this time the politics are shifting at a moment when demand for oil...Continue Reading

Green power is set to draw around $11 trillion of investment in the coming decades as the cost of renewables plummets and more of the world’s energy comes from electricity. SourceContinue Reading

With the right regulations and incentives in place, the carbon removal industry could soon be bringing in as much revenue as today’s oil and gas sector, according to a new study. SourceContinue Reading

The newly combined company is expected to break even in 2021 at a West Texas Intermediate crude price of US$36 a barrel. It will continue to operate as Cenovus Energy with its headquarters remaining in Calgary. SourceContinue Reading