At 415.1 million bbl, US crude oil inventories are about 11.1% below the 5-year average for this time of year, the EIA report indicated.

The 20-year agreement increases Chevron’s total contracted volume from Energy Transfer LNG to 3.0 million tpy, following the initial 2.0 million tpy agreement signed in 2024.

The primary exploration target for the well was to prove oil in Upper Cretaceous reservoir rocks in the Nise formation.

At the JPMorgan Energy, Power, Renewables & Mining Conference in New York on June 24, leaders of Devon Energy Corp. and EOG ...

After recently guiding down, executives now plan for activity levels only slightly below the level they had forecasted coming ...

Golar LNG's 2.7-million tpy floating LNG plant Gimi reached commercial operations earlier this month, triggering the start of a 20-year lease and operate agreement on the ...