Tag Archives: United States of America

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has made a new oil discovery in the U.S. Gulf of Mexico. The oil discovery was made at the Tiberius exploration well, where Kosmos is the operator with a 33.34% working interest while its partners are Occidental and Equinor, each …

Exxon is in talks to acquire Pioneer Natural Resources in a deal that could be worth up to $60 billion, the Wall Street Journal has reported, citing unnamed sources. This would be the biggest deal for Exxon since the merger with Mobil back in the 1990s and would make the …

Chile is now on track to become the second-largest battery market in the Americas, following the United States. As of this year, the Latin American nation has switched on 12 storage projects, with a total capacity of 1.3 GW. It currently has 85 energy storage projects, totaling 6.4 GW, in …

U.S. crude oil production reached the second-highest level on record in July as output from Texas’s Permian basin soared to an all-time high. The nation’s production rose to 12.991 MMbpd, the highest since a peak of 13 MMbpd in November 2019, according to data from the Energy Information Administration. Most …

Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight US supply and expectations of strong fuel demand in China during the Golden Week holiday. Front-month Brent November futures were up 42c, or 0.44%, to $95.80 per barrel at 0943 …

After finishing at a seven-week high on Thursday, the benchmark U.S. natural gas prices fell by 2% early on Friday, amid expectations of above-normal temperatures in early October and as November became the front-month contract after the expiry of the October futures contract. Thursday’s weekly gas storage report from the …

X-ray technology plays a vital role in medicine and scientific research, providing non-invasive medical imaging and insight into materials. Recent advancements in X-ray technology enable brighter, more intense beams and imaging of increasingly intricate systems in real-world conditions, like the insides of operating batteries. To support these advancements, scientists are …

Wood Mackenzie has released a new energy storage market report, with a new record high for US installations for the second quarter of 2023. The United States deployed 1,680 MW/5,597 MWh of energy storage nationwide, leading to an average duration of 3.3 hours. However, second-quarter installations were significantly lower than …

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America’s crude oil production is set to hit a monthly record in September—at 13 million barrels per day (bpd), according to estimates by Rystad Energy. Production …

The total number of active drilling rigs in the United States fell by 11 this week, after seeing a brief 9-rig rise last week, according to new data from Baker Hughes published Friday. It is the fewest number of active drilling rigs since February 4, 2022. The total rig count …