Higher capital spending in this year's second quarter will set the stage for production growth in second-half 2024.

Citgo Petroleum Corp., Houston, has restarted a vacuum distillation unit and a delayed coker at its Lake Charles, La., ...

S&P Global Commodity Insights anticipates Canadian oil sands production to hit 3.8 million b/d by 2030, an increase of 500,000 b/d from current levels.

ExxonMobil Corp. has signed an LNG supply deal with Turkey. Per the agreement with BOTAŞ, ExxonMobil will supply 2.5 million tonnes/year of LNG for 10 years. Minister of Energy and Natural Resources ...

Energy Transfer signed a letter of intent with CapturePoint that provides for joint development of a carbon capture and storage project in Louisiana.

Enbridge Inc., operator of the Gray Oak crude oil pipeline, will manage an open season for Gray Oak Pipeline LLC, to solicit shipper interest for an expansion of the 850-mile ...

Vital Energy expects to operate four drilling rigs, run two completions crews, and turn in-line 24 wells in the Permian basin in second-quarter 2024. Vital Energy Inc., Tulsa, Okla., expects to ...

Recent acquisitions worth $270 million will call for an additional $50 million in capex during second-half 2024.

Shell PLC has entered a deal to sell the entirety of its interest in subsidiary Shell Singapore Pte. Ltd.’s (SSPL) integrated ...

The US EIA expects voluntary OPEC+ crude oil production cuts and ongoing geopolitical risks will maintain Brent crude oil prices near $90/bbl for the remainder of 2024 before ...

Sharjah National Oil Corp. discovered new gas reserves in Al Hadiba field, north of the Al Sajaa Industrial Area in Sharjah, UAE.

BW Energy has confirmed additional hydrocarbons in the Dussafu license offshore Gabon. The DHBSM-2P pilot well encountered hydrocarbons, confirming that the Hibiscus South deposit extends into the ...