Opinions Differ on Future Oil Supplies and Demand
Crude oil is an important commodity that is traded worldwide. Its price varies from country to country and from state to state daily. Today, June...
Exploration & Production
Brazil’s Lula Backs Petrobras Bid To Explore Offshore
President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore…......
Berkshire Buys Nearly 2.57MM More Shares from Occidental
Billionaire Warren Buffett bought almost 2.57 million more common stocks from Occidental for about $153.3 million....
Matador Resources in $1.91 bln Deal to Expand in Delaware Basin
U.S. oil and gas producer Matador Resources said on Wednesday it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in an about $1.91 billion cash deal for a unit...
US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions
A U.S. congressional committee accused the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with...
California Seeks Company Profits in Big Oil Climate Lawsuit
California’s attorney general on Monday sought to force the world’s biggest oil companies to give up profits the state alleges they made while deceiving consumers about their...
Mexico’s Proven Hydrocarbon Reserves Rise to 8.4 billion Barrels
Mexico’s total proven hydrocarbon reserves, which include crude oil and natural gas, rose to 8.383 billion barrels of crude oil equivalent, the country’s regulator said on Tuesday in its annual reserves...
New Zealand Set to Scrap Oil, Gas Exploration Ban in H2
Prime Minister Christopher Luxon's administration had pledged to resume offshore oil and gas prospecting following last October's election....
North America Continues Streak of Rig Additions
North America added nine rigs week on week, according to Baker Hughes....
Abandoned Oil Wells Near Bakersfield Could Store Solar Power for 300,000 Homes
A pilot project in California will repurpose an old oil field to store renewable energy and help clean up the grid....