Wyoming Oil and Gas Lease Sale Rakes in $7.7M—A Drop in the Bucket Compared to Trump’s First Term
Wyoming Oil And Gas Lease Sale Nets $7.7M, ‘Peanuts’ Compared To Trump’s First Term The Bureau of Land Management’s latest quarterly Wyoming oil and gas lease sale Tuesday took in $7.7 million. It shows that the reality of oil and gas leasing in Wyoming hasn’t yet caught up to President Donald Trump’s pledge to “unleash American energy.” The Tuesday sale […]
Drop in US Oil and Gas Rig Count
US Oil, Gas Rig Count Falls The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior. The total rig count fell by 1 rig, to 592, according to Baker […]
Landmark Ruling Causes Turmoil in Onshore Oil and Gas – Drill or Drop?
landmark judgement sparks tumult for onshore oil and gas – DRILL OR DROP? In 2024 the country’s highest court ruled on the climate impact of UK onshore oil and gas production, with tumultuous results for the industry. Campaigners outside the Supreme Court after a majority of justices ruled in their favour. Photo: DrillOrDrop The judgement […]
Global Oil and Gas Contract Values Drop in Q3 2024
Global oil and gas contract value declines in 3Q24 The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from US$55.3 billion in 2Q24 to US$35.7 billion in 3Q24. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s US$4 billion […]
Canadian Natural Gas Prices Drop to Two-Year Low Amid Rising Storage Levels
Canadian natural gas prices fall to two-year low as storage fills By Nia Williams (Reuters) – Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North […]