Yahoo Finance Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said in May it would pay
Reuters Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity. Drilling and business activity contracted for a fifth straight quarter and will likely continue to fall over the next six
Oil Price The Department for Energy Security and Net Zero has denied reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences, calling them “a complete fabrication”. Earlier today, The Telegraph claimed that the new energy security and net zero minister had overruled his officials to stop the North Sea Transition Authority (NSTA)
World Oil (WO) – The Energy Workforce & Technology Council released its monthly jobs report, indicating signs of continued improvement in employment growth across the oil and gas industry. In June 2024, the U.S. oil field services sector experienced an increase in job gains, with a gain of 968 jobs, according to preliminary data from the Bureau of Labor Statistics
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 584 rigs. Canada had an increase of 14 over last week, resulting in a total Canadian count of 189 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Granite
U.S. News LONDON – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher. After a series of gradual production increases that started in early 2021 which unwound historic cuts agreed
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