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(Bloomberg) – Matador Resources Co. pumped more oil than expected in the first three months of 2024 at a time when most U.S. producers have pledged flat to moderate production growth this year.
Matador also plans to hit …
The post Matador Resources increases oil production following “surprise” Permian success in 2023 appeared first on Oil & Gas 360.
As well productivity in the U.S. shale patch has declined in the past two years, producers are looking to deploy new technology to reverse these declines, but small companies often cannot afford the high upfront costs, industry executives …
The post U.S. frackers seek ways to reverse well productivity declines appeared first on Oil & Gas 360.
(Bloomberg) – OPEC pledged to help Namibia become a significant crude producer, widening a path for the southern African nation to join the group.
“We are excited about the potential of the Namibia-OPEC partnership and stand ready to …
The post OPEC pledges to support Namibian oil exploration following significant offshore discoveries appeared first on Oil & Gas 360.
Oil companies planning to ship crude on the expanded Trans Mountain pipeline in Canada are concerned that the project may not begin full service on May 1 but they would be nevertheless obligated to pay tolls from that …
The post Oil firms doubtful Trans Mountain Pipeline will start full service by May 1st appeared first on Oil & Gas 360.
(Bloomberg) – The International Monetary Fund expects OPEC and its partners to start increasing oil production gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year.…
The post OPEC to increase oil production from July, International Monetary Fund predicts appeared first on Oil & Gas 360.
LONDON – Brent crude oil prices steadied around $88 a barrel on Wednesday after rallying in the previous session on a surprise fall in U.S. crude stocks and a drop in business activity in the world’s largest oil
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The post Oil prices steady after rallying on US stock decline, business data appeared first on Oil & Gas 360.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.4 million barrels from the previous week. At 453.6 million barrels, U.S. crude oil inventories …
The post U.S. crude oil inventories decrease by 6.4 million barrels appeared first on Oil & Gas 360.
Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com
EnerCom Denver– The Energy Investment Conference celebrates 29 years of bringing …
The post Register for the 29th annual EnerCom Denver – The Energy Investment Conference, August 18-21, 2024 appeared first on Oil & Gas 360.
Since day one of President Joe Biden’s term in office, the U.S. oil and gas industry has been criticizing his energy policies, saying that these undermine America’s energy and national security with punitive and restrictive measures against fossil …
The post Big oil may not support all Trump 2.0 policies appeared first on Oil & Gas 360.
HOUSTON – U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday.
Energy
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The post US oil and gas M&A hits quarterly record after blockbuster 2023 appeared first on Oil & Gas 360.