BP Makes New Oil Discovery off US Gulf Coast
Wedoany.com Report-Apr. 14, On Monday, BP announced a new oil discovery in the Far South field, located in the U.S. Gulf of Mexico. The exploration well, drilled in Green Canyon Block 584, approximate...
US Refiners Unlikely to Spend Big to Process More Domestic Oil
Wedoany.com Report-Apr. 10, U.S. refiners are hesitant to invest heavily in processing more domestic crude instead of oil from major suppliers Canada and Mexico, according to industry sources and anal...
Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1
Wedoany.com Report-Apr. 10, On Wednesday, Occidental Petroleum, a U.S. shale company, reported that prices for its oil and gas production in the first quarter were higher than in the previous quarter....
Shell Starts Production From Dover, Further Advancing Position in U.S. Gulf
Wedoany.com Report-Apr. 9, Shell Offshore Inc., a subsidiary of Shell plc, has launched production at Dover, a new subsea tieback linked to the Shell-operated Appomattox hub in the Gulf of Mexico. Thi...
Oil Falls to Lowest Since February 2021 as Trump’s Tariffs Take Effect
Wedoany.com Report-Apr. 9, Oil prices declined for a fifth consecutive day on Wednesday, April 09, 2025, reaching their lowest levels since February 2021. The drop stems from growing concerns over dem...
Ring Energy Closes Acquisition of CBP Assets From Lime Rock
Wedoany.com Report-Apr. 8, Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Basin. The deal,...
Oil Prices Stabilize Amid Anticipation of New Tariffs
Wedoany.com Report-Apr. 2, Oil prices held steady on Wednesday after thin trading, following a drop on Tuesday driven by worries over potential new U.S. tariffs. These tariffs, set to be detailed late...
Oil Prices Steady as Market Awaits Fresh US Tariffs
Wedoany.com Report-Apr. 2, U.S. oil prices showed some stability after falling earlier in the week amid concerns about new tariffs from President Trump. Brent futures dipped slightly to $74.47 a barre...
US Oil Production Fell to 11-Month Low in January, Data Shows
Wedoany.com Report-Apr 1, U.S. crude oil production dropped significantly in January 2025, hitting a 13.15 million barrels per day (bpd) level, the lowest since February 2024, according to the U.S. En...
Texas Sets New Oil and Gas Production Records in 2024
Wedoany.com Report-Mar 28, The RRC’s long history of common sense, science-based regulation of the oil and gas industry has safeguarded Texas communities and the environment while also fostering...