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U.S. Oil Exports to India Jump Amid Sanctions on Russia

OilPrice

The United States exported in February the highest crude oil volumes to India in more than two years as Indian refiners scramble for alternative supply after the latest U.S. sanctions on Russias oil trade. crude oil exports to India jumped to 357,000 barrels per day (bpd), according to vessel-tracking data from Kpler cited by Reuters.

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Africa’s Oil and Gas Investment to Hit $43 Billion in 2025

OilPrice

Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. This years capex is slightly lower compared to the $47 billion investments in 2024, which

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China’s Oil Imports Could Rise as Newest Refinery Begins Trial Runs

OilPrice

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

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Saturn Oil & Gas Inc. Announces Record Q4 and Year End 2024 Results and Year End 2024 Reserves

BOE Report

Record 2024 exit volumes of 41,908 boe/d(2) and Q4/24 production of 41,051 boe/d (82% oil and liquids) Adjusted Funds Flow(1) of $2.10/share million in 2024 and $0.64/share share) of free funds flow(1) generated in 2024 $5.56/share share or $380.1 share or $129.2 million ($0.74/share) share of net [Read more]

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“Natural Gas Extraction” Job Paid Average Wage of $176,800 in 2024

Marcellus Drilling News

Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the the energy industry in 2024 (full copy below).

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Payroll in USA Oil and Gas Totals $168 Billion in 2024

Rigzone

Texas had the highest oil and gas payroll in the country in 2024, according to TIPRO's latest State of Energy report.

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"Drill, Baby, Drill": Natural Gas Producers Eye a Boom

OilPrice

oil production continues, rallying natural gas prices are setting the stage for a rebound in Americas gas output this year, following months of output curtailments in 2024. While the slowdown in U.S. natural gas prices above the $4 per million British thermal units (MMBtu) level, up by 160% in one year.