Oil & Gas Industry News

The EIA projected that the U.S. natural gas Henry Hub spot price will drop this year and rise next year in its latest short term energy outlook.

North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Markets remain cautious as global supply growth continues to outpace demand.

World petroleum and other liquid fuels production will outweigh consumption by 2.83 million barrels per day in 2026, according to the EIA's January short term energy outlook.

Enverus announced that it has released its annual list of 'the top public onshore exploration and production companies in the U.S. based on gross operated production last year'.

'Weather has re-entered the equation in force', SEB Commodities Analyst Ole R. Hvalbye told Rigzone in an exclusive interview on Monday.

The Trump administration said it's canceling almost $30 billion of financing from the Energy Department's green bank after reviewing transactions approved under former President Joe Biden.

Crude settled higher as renewed Iran tensions and winter weather lifted the geopolitical risk premium despite lingering supply glut concerns.

The worst may be behind the global oil market, Chief Executive Officer Olivier Le Peuch said in a statement.

U.S. natural gas futures for February delivery surged by 70 percent this week as the market braced for a historic winter storm.

'This winter storm will shut it all down', AccuWeather Chief Meteorologist Jonathan Porter warned.

Shell announced changes to its executive committee in a statement posted on its website this week.

Oil prices fell sharply as rising inventories and peace hopes pressured the market.

The Trump administration has no plans to directly provide security to oil producers in Venezuela, Energy Secretary Chris Wright said Thursday.

Europe is set to receive some of its first shipments of Venezuelan oil in almost a year.

The EIA projected, in its latest STEO, that the U.S. regular gasoline retail price will average under $3 per gallon both this year and next year.

'Henry Hub has seen a launch', SEB Commodities Analyst Ole R. Hvalbye said.

Oil found support from an improved IEA demand outlook despite a looming surplus.

Rigzone talks to several analysts.

HSBC analysts, including Kim Fustier, HSBC's Senior Global Oil and Gas Analyst, said they think BP 'could accentuate its shift back to oil and gas and away from low carbon energy' under its new CEO.