At 419 million bbl, US crude oil inventories are about 9% below the 5-year average for this time of year, the EIA report indicated.

But nearly 40% continue to expect spending to rise next year even though executives’ overall outlook remains slightly negative.

The deal, agreed to in May, adds 5,000 boe/d of total equivalent production and over 300 gross undeveloped locations for $142 million in cash.

From Edge Energy, Prairie Operating agreed to acquire about 11,000 net acres, expanding its Denver-Julesburg basin footprint to about 60,000 net acres.

Through the agreement, which closed July 1, 2025, Amplify sold all of its non-operated Eagle Ford working interests for $23 million.

The cargo is destined for global markets, marking the start of operations at Canada’s first large-scale LNG export plant.

The Shenandoah FPS is in the final stages of hook-up and is expected to begin producing oil later this summer.

The newly sanctioned project aims to increase recoverable volumes at the oil field offshore Norway by 40-50 MMboe through the ...

Under the contract, Velesto will assign the NAGA 5 rig to drill a firm 15 wells. Operations are scheduled to begin in June 2025.

Alongside providing an overview of the company’s recently proposed trio of US renewables projects, this article discusses Phillip 66’s ongoing evaluation of future uses for ...

The contract’s scope of work includes design, execution, and evaluation of multistage hydraulic fracturing treatments deployed across a range of Abu Dhabi assets.

Oil was proven in a new segment called the Tubåen formation 1,769 m below the Norwegian continental shelf seabed in 345 m of ...