Tag Archives: United States of America

The number of active drilling rigs in the United States rose by 22 this week—the 16th straight weekly increase to the number of oil and gas rigs in the United States, and the largest single-week rise since February 2018. The total rig count now sits at 635 as the price …

Through its affiliate TotalEnergies E&P USA Inc., TotalEnergies has announced its decision not to sanction, and to withdraw from, the North Platte deepwater project in the U.S. Gulf of Mexico. The decision not to continue with the project was taken “as the company has better opportunities of allocation of its …

The Permian has led U.S. shale production growth in recent months and will continue to do so in the coming months, but the oil price rally so far in 2022 has also driven increased drilling activity in other shale basins with higher breakeven prices. $90 oil is incentivizing more drilling …

An unexpected drop in US crude inventories did little to boost oil prices, with investors focused on the outcome of US-Iran nuclear talks on Thursday, which could see more Iranian oil barrels on the market. International benchmark Brent crude was trading at $91.19 per barrel at 0615 GMT with a …

The U.S. Administration is currently reviewing a request from Chevron to potentially allow the U.S. oil giant to take and trade crude from Venezuela as a form of payment for the millions of dollars the South American producer owes Chevron for its joint ventures there, Reuters reported on Monday, quoting …

China criticized U.S. President Joe Biden’s decision to extend tariffs on imported solar equipment, saying the act will “distort” international trades of the renewable energy product. “The U.S. government insisted on the extension regardless of the strong opposition domestically and internationally,” the Ministry of Commerce said in a statement on …

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

Global gas markets are painting distinctly different pictures this week as supply uncertainty in Asia supports prices, but European markets are starting to see downside potential on the horizon. Mild weather in Europe and frigid forecasts for the US will drive price behavior in the coming days. Milder temperature forecasts …

The European Union is negotiating possible gas supplies with the United States, Qatar and Azerbaijan in case Russia cuts of stops its gas deliveries, EU foreign policy chief Josep Borrell said on Sunday, Trend reports citing the press service of EU. “We have to be prepared in case diplomacy fails. …

European officials are scrambling to lock down energy supplies they would need to keep their economies churning if hostilities around Ukraine imperil natural gas piped from Russia, and have turned to the U.S. for help finding backup sources beyond Moscow’s control. In recent weeks, as Russia has positioned more than …