APA’s production in the Permian basin, Egypt, and the North Sea totaled 410,000 boe/d in second-quarter 2026, which was down from about 465,000 boe/d in the same period last year. The leaders of APA ...

The company’s expansion includes the addition of the Cassidy II gas plant, which will join Cassidy I to increase total ...

EIA forecasts oil prices will remain elevated until inventories, drawn down by 4.2 million b/d in second-quarter 2026 and a projected additional 3.8 million b/d in third-quarter, begin to rebuild. The ...

First oil at the project follows ConocoPhillips' broader Alaska strategy of developing satellite projects around existing North Slope infrastructure.

The International Energy Agency cut its 2026 global oil demand outlook and warned that oil supply risks remain elevated amid disruptions to Gulf exports.

At 424.4 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, the US Energy Information Administration said.

The most recent Gulf of Mexico lease sale brought in 69 bids submitted for 59 blocks, with Chevron, Anadarko, and Arena Energy emerging as winners.

The project "brings together strategic supply access, existing infrastructure and experienced operators to improve affordability and assurance of supply for customers in the ...

This project supports Kosmos Energy's subsea infrastructure in Mobile, Ala., ensuring readiness for future deployment.

HOUSTON, June 12-- Chevron Phillips Chemical Co. LP (CPChem) reported plans to shut down two process units—the cumene unit and the UDEX benzene extraction unit—at its Port Arthur, Tex., facility by ...

Mora Energy, Dallas, Tex., has closed two acquisitions to establish a natural gas gathering, compression, and treating platform in the Midland basin, and has secured additional equity commitments and ...

The development will complete a 2024 discovery well with oil and gas production processed through existing infrastructure.