Energy Transfer upsizes Desert Southwest pipeline, boosting capacity
Energy Transfer said it will increase the size of its Desert Southwest pipeline expansion before construction begins, raising the mainline diameter to…
Oil and Gas Market News, Page 5
The Guardian News Team sums up the week’s oil and gas market news, with short updates on oil prices, supply and the Permian Basin.
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Devon and Coterra agree to all-stock merger, target Q2 close
Devon Energy and Coterra Energy announced they have signed a definitive agreement to merge in an all-stock transaction that would create a…
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Gassier Permian wells spur more midstream investment
Permian Basin operators are increasingly drilling on the edges of core areas and in deeper intervals, and the resulting production is trending…
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Pipeline construction set for busiest year since 2008
A new Morningstar DBRS report says natural gas pipeline construction is poised to reach its highest level since 2008, driven by growing…
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BLM Oil & Gas Permits Up 55% in First Year of Trump's 2nd Term
New data from the U.S. Interior Department shows a sharp increase in oil and gas drilling permits approved on federal lands since…
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Why we still need oil & gas for decades to come
Earlier this month, in an op-ed for the Financial Times, the head of the International Energy Agency, Fatih Birol, wrote that renewable…
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Natural gas surges as much as 9% to highest level since 2008 as
U.S. natural gas surged Tuesday to the highest level in nearly 14 years as Russia’s invasion of Ukraine wreaks havoc on global…
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Oil Prices Rise On Expectations Of A Strong Economic Recovery
Oil prices rose early on Monday, with WTI Crude topping $60 a barrel for the first time in a week after the…
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OPEC+ Bets on a Strong Oil Demand Recovery
On April 1, 2021, OPEC+ agreed to ease its production cuts in three steps from May through July. The group planned to…
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