Industry Highlights
Feb 18, 2019
Oil optimists look like they're finally ready to take the driver's seat in crude's rebound.
Feb 18, 2019
Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world's largest offshore field signaled tightening supply.
Feb 15, 2019
A Russian pledge and a Saudi outage provided support for crude.
Feb 15, 2019
The US added a net total of two rigs this week.
Feb 15, 2019
The Trump administration is considering blocking foreign entities from dealing with Venezuela's state oil giant.
Oil and Natural Gas News
Feb 11, 2019
Driven by its large investment in Guyana, ExxonMobil Corp. is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review.
Feb 11, 2019
ExxonMobil Corp. and partner Qatar Petroleum have made a final investment decision to develop the Golden Pass LNG export project in Sabine Pass, Tex. Construction will begin in this year’s first quarter with the plant expected to begin operations in 2024.
Feb 11, 2019
A federal appeals court vacated the New York State Department of Environmental Conservation’s (NYSDEC) denial of a water-quality certificate to the proposed Northern Access natural gas pipeline project on Feb. 5.
Feb 11, 2019
New US sanctions against Venezuela’s national oil company Petroleos de Venezuela SA (PDVSA) could push the South American country’s crude oil production to a 700,000-900,000 b/d range for 2019, IHS Markit said in a Jan. 30 report.
Feb 11, 2019
US energy security improved for a sixth consecutive year in 2017 and neared a modern-day best, the US Chamber of Commerce’s Global Energy Institute (GEI) reported as it released its 2018 Index of US Energy Security Risk.