U.S. energy firms this week added the
most oil rigs since March, boosting the oil and gas rig count
for the first time in four weeks, energy services firm Baker
Hughes said in its closely followed.
The Exxon-Pioneer deal may lead to slower production growth for shale output but it would also likely mean more stable and consistent growth, which, all in all, is better over the long term
Top U.S. oil producer Exxon Mobil s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said.
A global LNG supply gap will begin to open up in the 2030s, according to a McKinsey & Co. analysis but the U.S. might lose its competitive edge if red tape, particularly around pipeline permitting, isn't addressed.