FEATURED STORY
How Likely Is an All-Out War in the Middle East Involving the USA?
Thursday April 18, 2024
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And what would that mean for oil prices?
LATEST
European Gas Options-Buying Jumped During Recent Price Swings
Intense swings in European natural gas prices have prompted traders to pile into options contracts.
4:00 PM EST |
April 18, 2024
Oil Swings Amid Rising Iranian Threats
Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.
3:22 PM EST |
April 18, 2024
NG Energy Inks More Long-Term Agreements for Colombia Production
The company has now sold approximately 14.8 million cubic feet per day of production under long-term natural gas sales contracts.
12:00 PM EST |
April 18, 2024
US Confirms Reimposition of Oil Sanctions against Venezuela
Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.
11:35 AM EST |
April 18, 2024
USA Commercial Crude Oil Inventories Rise
Crude oil stocks in the U.S., not including the SPR, stood at 460.0 million barrels on April 12.
11:26 AM EST |
April 18, 2024
BP Reshapes Its Leadership Team
BP Plc restructured its top management.
10:00 AM EST |
April 18, 2024
Rooftop Solar Now 4th Largest Source of Electricity in Australia
Collectively, rooftop solar is now the second largest source of renewable electricity generation in Australia, behind wind energy generation.
8:33 AM EST |
April 18, 2024
Var Energi Confirms Oil Discovery in Ringhorne
The company's latest Ringhorne North exploration well was successful with estimated recoverable resources of between 13 million and 23 million barrels of oil.
7:53 AM EST |
April 18, 2024
Russian Ships to Remain Banned from US Ports
President Joe Biden has extended a ban on Russian vessels entering United States ports.
5:54 AM EST |
April 18, 2024
Analyst Says USA Influence on Middle East Seems to be Fading
'U.S. sanctions on Iran had greatly impacted reported volumes in 2018-20, but such volumes appear to have been brought back online,' a Senior Associate at Enverus Intelligence Research told Rigzone.
5:54 AM EST |
April 18, 2024
Oil Swings Amid Rising Iranian Threats
Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.
3:22 PM EST | April 18, 2024
USA Commercial Crude Oil Inventories Rise
Crude oil stocks in the U.S., not including the SPR, stood at 460.0 million barrels on April 12.
11:26 AM EST | April 18, 2024
Analyst Says USA Influence on Middle East Seems to be Fading
'U.S. sanctions on Iran had greatly impacted reported volumes in 2018-20, but such volumes appear to have been brought back online,' a Senior Associate at Enverus Intelligence Research told Rigzone.
5:54 AM EST | April 18, 2024
How Likely Is an All-Out War in the Middle East Involving the USA?
And what would that mean for oil prices?
4:30 AM EST | April 18, 2024
US Confirms Reimposition of Oil Sanctions against Venezuela
Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.
11:35 AM EST | April 18, 2024
USA to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
The U.S. plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan.
5:00 PM EST | April 17, 2024
DOI Announces New Decommissioning Rule
'Under the new rule, BOEM estimates industry will be required to provide $6.9 billion in new financial assurances to protect American taxpayers from assuming industry decommissioning costs'.
11:08 AM EST | April 17, 2024
Oil Plummets Over 3% to Three Week Low
Oil fell more than 3% to a three-week low as trend-following algorithms accelerated the day's selloff.
3:16 PM EST | April 17, 2024
Senator Cardin Says Congressional Leaders Discussing Iran Oil Sanctions
The Stop Harboring Iranian Petroleum Act passed out of committee Tuesday.
10:00 AM EST | April 17, 2024
Where Do We Go From Here, Oil Analyst Asks After Iran Attack
Is this the start of a direct war between Israel and Iran?
4:33 AM EST | April 17, 2024
Trending News
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
Var Energi Confirms Oil Discovery in Ringhorne
The company's latest Ringhorne North exploration well was successful with estimated recoverable resources of between 13 million and 23 million barrels of oil.
7:53 AM EST | April 18, 2024
Namibia Expects FID on Potential Major Oil Discovery by Yearend
'We understand that the quantities are large but we still have to test the commercial viability of this oil'.
4:41 AM EST | April 17, 2024
Valeura Makes Three Oil Discoveries Offshore Thailand
Valeura declared three new oil discoveries in the Gulf of Thailand.
2:45 AM EST | April 16, 2024
Biden Plans Sweeping Effort to Block Arctic Oil Drilling
The initiative, set to be finalized within days, marks one of the most sweeping efforts yet by Biden to limit oil and gas exploration on federal lands.
7:22 AM EST | April 12, 2024
Petrobras Discovers Oil in Potiguar Basin
The discovery of Albian-age turbidite reservoirs carrying oil is 'unprecedented in the Potiguar Basin'.
3:57 AM EST | April 11, 2024
Pantheon Upgrades Kodiak Estimates to 1.2 Billion Barrels
An updated report gave best estimates of contingent recoverable resources of 1.2 billion barrels of marketable liquids.
4:05 AM EST | April 10, 2024
Petro-Victory Finds More Oil in Sao Joao Field in Brazil
Petro-Victory Energy Corp, a publicly traded company engaged in acquiring and developing crude oil and natural gas resources in Brazil, has found more oil in the Sao Joao field.
10:42 AM EST | April 09, 2024
Panoro Advances Plans for Equatorial Guinea Offshore Block PSC
Block EG-23 is located offshore Equatorial Guinea north of Bioko Island and adjacent to the producing Alba gas and condensate field.
4:00 AM EST | April 08, 2024
PDVSA-Chevron JV Launches Venezuela 2024 Drilling Campaign
'The CMI14 well, the first of 17 contemplated in this year's business plan, represents an important milestone for the increase in production of this joint venture'.
5:49 AM EST | April 05, 2024
JV to Study CCS Potential of Malaysia's Penyu Basin
A joint venture consortium of PGS, TGS and SLB has started a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia.
11:02 PM EST | April 04, 2024
BP Starts Up Oil Production at Caspian Sea Project
The ACE platform is the seventh oil-producing platform installed on the Azeri-Chirag-Gunashli (ACG) field.
10:03 AM EST | April 17, 2024
Nigeria Raises Oil and Gas Reserve Figures
Nigeria's crude oil and condensate reserves totaled 37.5 billion barrels while its gas reserves stood at 209.26 trillion cubic feet as of the start of 2024.
3:00 AM EST | April 17, 2024
SBM Bags Contracts for ExxonMobil's Latest Guyana Project
SBM Offshore will construct and install the floating production, storage and offloading unit (FPSO) Jaguar.
10:35 AM EST | April 16, 2024
Bayou Bend CCS Taps Sulmara for Geo Survey
'The quality of the data gathered is some of the best we've seen from a USV'.
4:22 AM EST | April 12, 2024
Exxon CEO Pay Climbed 2.8 Percent to $36.9MM Last Year on Pension
Exxon Mobil Corp. Chief Executive Officer Darren Woods' pay climbed 2.8 percent to $36.9 million last year.
5:00 PM EST | April 11, 2024
OKEA, DNO Make FID on Brasse Development in North Sea
The field is estimated to contain 24 million barrels of oil equivalent gross in recoverable reserves and will be developed as a tie-back to the Brage field.
4:00 AM EST | April 09, 2024
Woodside-Led JV Teams Up with Yara for CCS in Western Australia
Yara Pilbara and Angel CCS will study whether CCS can be used to decarbonize the current operations in the Burrup Strategic Industrial Area.
3:26 AM EST | April 09, 2024
RRC Reveals Texas Top 10 Crude Oil Producing Counties
The Texas Railroad Commission revealed the top 10 crude oil producing counties in Texas, ranked by preliminary production, for January 2024.
8:02 AM EST | April 08, 2024
DeepOcean Scores 4-Year Frame Agreement with Equinor
The four-year agreement has options for an extension of up to four more years.
6:00 AM EST | April 08, 2024
Petronas Teams Up with JERA for Japan-Malaysia CCS Value Chain
The scope of the agreement includes the separation and capture of CO2 emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia.
3:41 AM EST | April 04, 2024
European Gas Options-Buying Jumped During Recent Price Swings
Intense swings in European natural gas prices have prompted traders to pile into options contracts.
4:00 PM EST | April 18, 2024
EIB Lends $425.7 Million for Thuringia's Grid Upgrades
The bank loan will help Thüringer Energie upgrade and digitize Thuringia's electricity grid.
2:30 AM EST | April 18, 2024
EQT Inks Deal with Equinor for Swap of US Gas Assets
The transaction will result in Equinor no longer having operated assets in the U.S. onshore.
2:00 PM EST | April 17, 2024
Kimmeridge Withdraws Latest KTG-SilverBow Merger Proposal
'It appears that SilverBow is not willing to seriously engage in any discussions of mergers in which it would be the smaller party'.
11:00 AM EST | April 17, 2024
Empire Completes Sale of US Oil and Gas Business
Empire sold the operating entity for all its oil and gas assets in the U.S. to PPP Future Development for $9.1 million.
2:00 PM EST | April 16, 2024
Canadian Well Plugging Firm Gears Up for IPO
The company deploys crews to decommission orphaned oil and gas wells nationwide and generate carbon offsets.
12:00 PM EST | April 16, 2024
Germany to Provide $2.3B Aid for Decarbonization of Industrial Sectors
Germany received clearance from the European Commission for $2.3 billion in state support for projects to migrate industrial sectors from fossil fuels to renewable hydrogen, as well as projects to electrify industrial processes.
3:47 AM EST | April 16, 2024
Chile's ENAP Says Working on Decarbonization Plan
ENAP's decarbonization plan will adopt targets for 2035 and 2050.
3:00 AM EST | April 16, 2024
USA Regional Banks Dramatically Step Up Loans to Oil and Gas
A group of U.S. regional banks is ratcheting up lending to oil, gas and coal clients.
2:11 AM EST | April 16, 2024
Japan's Mizuho Invests $3.64MM in Bison's CCS Project in Alberta
Bison's Meadowbrook CCS Hub project, located near Edmonton, Alberta, aims to develop a world-scale storage operation with a capacity of three million tons of CO2 per annum.
2:20 AM EST | April 15, 2024
NG Energy Inks More Long-Term Agreements for Colombia Production
The company has now sold approximately 14.8 million cubic feet per day of production under long-term natural gas sales contracts.
12:00 PM EST | April 18, 2024
BP Reshapes Its Leadership Team
BP Plc restructured its top management.
10:00 AM EST | April 18, 2024
Brazil Court Reinstates Petrobras Chair to Divided Board
A Brazilian judge has reinstated Petrobras' chairman as acrimony intensifies between government-appointed board members and those representing minority shareholders.
2:30 AM EST | April 18, 2024
Seatrium, Shell Strengthen Floating Production Systems Collaboration
Seatrium and Shell will work together to drive project standardization and replication in the floating production systems sector.
2:30 AM EST | April 18, 2024
SLB Scores Contracts for Dozens of Petrobras Wells
'By leveraging the electrification and digitalization of completions from SLB, Petrobras will increase its field recovery efficiency in complex and challenging pre-salt reservoirs'.
1:30 PM EST | April 17, 2024
Subsea7 Bags New GOM Contract
The project involves the subsea tie-back of one production well at Sunspear to the Prince platform.
1:00 PM EST | April 16, 2024
ORE Catapult Looks for New CEO as Jamieson Steps Down
Andrew Jamieson is set to step down as CEO of renewables research organization ORE Catapult at the end of 2024.
2:30 AM EST | April 15, 2024
Mitsui's STATS Group Makes Leadership Change
Leigh Howarth will be replaced by Stephen Rawlinson, currently STATS Group's director for North America and global sales director.
2:30 AM EST | April 15, 2024
Trafigura Makes Management Changes as Long-Serving Members Retire
Global commodities player Trafigura will see two of its long-serving high-ranking officials depart this year.
8:00 AM EST | April 14, 2024
Petrobras Chairman Suspended
A court suspended Petroleo Brasileiro SA's government-appointed chairman for alleged conflicts of interest.
8:00 AM EST | April 13, 2024
Rooftop Solar Now 4th Largest Source of Electricity in Australia
Collectively, rooftop solar is now the second largest source of renewable electricity generation in Australia, behind wind energy generation.
8:33 AM EST | April 18, 2024
EU, Industry Players Ink Charter to Meet Solar Energy Targets
The European Commission and representatives of solar energy parts manufacturers signed a charter to achieve resilience in the EU solar value chain.
3:13 AM EST | April 18, 2024
Sempra Unit Makes FID on $550MM California Wind Project
The Cimarron wind project will total approximately 320 megawatts of wind capacity.
1:00 PM EST | April 17, 2024
US, Japan Team Up for Commercialization of Fusion Energy
Japan and the U.S. agreed to cooperate on research and the development of the supply chain for the societal deployment of fusion energy.
1:30 PM EST | April 15, 2024
Equinor Advances First Battery Storage Projects in USA
The two projects have a combined total capacity of 110 MW, providing a valuable source of energy security for the Texas grid once operational.
8:00 AM EST | April 15, 2024
Canadian Green H2 Project Gets Environmental Green Light
Project Nujio'qonik will be Canada's first commercial green hydrogen/ammonia producer created from over three gigawatts of renewable electricity through wind projects.
10:00 AM EST | April 12, 2024
Oklo Aims to Provide Nuclear Power for Diamondback's Permian Operations
Oklo is proposing to provide its Aurora powerhouse technology to supply reliable and emission-free electricity.
10:00 AM EST | April 11, 2024
EverWind Green Hydrogen Nova Scotia Project Advances with FEED Completion
The green hydrogen project of EverWind Fuels in Nova Scotia is progressing.
10:00 AM EST | April 10, 2024
Greece to Provide $1.1B in State Aid for Two Solar, Energy Storage Projects
Greece received European Commission clearance for $1.1 billion in state support for two solar photovoltaic farms with a combined capacity of 813 MW.
3:38 AM EST | April 08, 2024
US FERC Opens Comment on Environmental Report for Kennebec Hydro Projects
The comment solicitation concerns Brookfield's applications 2022 to amend three existing licenses and a relicensing application, which have a combined generation capacity of about 47 MW.
1:30 PM EST | April 05, 2024