The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said. Read More

The Brent crude oil price in our forecast averages $69 per barrel (b) this year, which is $3/b higher than in last month’s STEO, . . . Read More

Operators across the U.S. are proving that bigger budgets aren’t the only path to better returns. With smarter use of data, improved technology, and disciplined development, oil and gas producers are unlocking more value from every project – and that’s good news… Read More

Summer has officially arrived, bringing with it the potential for above-normal temperatures across large areas of the country through the end of June… Read More

Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, said in a report sent to Rigzone by Horsnell late Tuesday. Read More

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday.Read More