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LATEST
USA EIA Drops WTI Price for 2024
The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast in its latest short term energy outlook.
7:13 AM EST | June 19, 2024
Agreement Reached on Draft Rules for Future EU Hydrogen Network
Prospective players in the European Network of Network Operators of Hydrogen agreed on draft rules for the new alliance.
5:37 AM EST | June 19, 2024
UK's Octopus Kicks Off Investment into USA Renewables Market
Octopus acquired one solar farm in Ohio and another in Pennsylvania, kicking off its first renewable energy investment in the USA.
5:20 AM EST | June 19, 2024
Vessels Struck in Red Sea Region
Dryad Global highlighted that two vessels were recently hit in the Red Sea region - the M/V Tutor and the M/V Verbena.
5:11 AM EST | June 19, 2024
Wintershall Dea Scores Discovery in Norway North Sea
Wintershall Dea AG made a gas, condensate and oil discovery on the Norwegian side of the North Sea, in Production License 248.
4:15 AM EST | June 19, 2024
Australian LNG Faces Double Whammy of Oversupply: IEEFA
Australian LNG producers are facing 'an ever gloomier future'.
4:12 AM EST | June 19, 2024
Woodfibre LNG Cleared to Move Housing Floatel to Site
The floatel accommodation serves non-local workers.
3:11 AM EST | June 19, 2024
Equinor Contracts Vallourec for Brazil Projects
Equinor contracted Vallourec to provide tubes and connections for its Brazilian projects.
2:56 AM EST | June 19, 2024
Ecuador to Phase Out Gasoline Subsidy
Ecuador's government unveiled a plan to slash subsidies for low-octane gasoline as it continues to adjust public finances.
2:30 AM EST | June 19, 2024
Oil Rises Amid Risk On Sentiment in Global Markets
Oil rose to the highest in more than a month as risk-on sentiment bolsters broader global markets.
3:22 PM EST | June 18, 2024
Industry Headlines
USA EIA Drops WTI Price for 2024
The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast in its latest short term energy outlook.
7:13 AM EST | June 19, 2024
Vessels Struck in Red Sea Region
Dryad Global highlighted that two vessels were recently hit in the Red Sea region - the M/V Tutor and the M/V Verbena.
5:11 AM EST | June 19, 2024
Oil Rises Amid Risk On Sentiment in Global Markets
Oil rose to the highest in more than a month as risk-on sentiment bolsters broader global markets.
3:22 PM EST | June 18, 2024
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Aramco Expat Shares Journey of Friendship and Fun
By Aramco Pedro’s story is a testament to the enriching experience as an Aramco expat.
Oil Rises Above $80 for First Time in a Month
Oil climbed, building on its biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in broader markets.
3:58 PM EST | June 17, 2024
Oil Posts Biggest Weekly Gain Since April as Fuels Strengthen
Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength.
3:33 PM EST | June 14, 2024
G7 to Step Up Action on Russia Fleet, Energy, Metals
G7 leaders meeting in Italy this week will pledge to tighten enforcement of their price cap on Russian oil, according to a statement seen by Bloomberg.
9:40 AM EST | June 14, 2024
'This acquisition also positions Matador for continued success and growth throughout 2024, 2025 and into the future as one of the top ten producers in the Delaware Basin'.
10:00 AM EST | June 14, 2024
Woodmac Has Been Predicting Offshore Rig Market Consolidation for a While
'With little appetite from owners to add new rigs as rig demand is flattening out, we believed growth would be inorganic', Wood Mackenzie's Principal Analyst of Upstream Supply Chain said.
7:40 AM EST | June 14, 2024
Morningstar Says Oil Prices Look Weak
'On a quarterly basis, oil prices look weak', Morningstar analysts said.
4:31 AM EST | June 14, 2024
Oil Steadies as Russia Plans Production Cuts
Oil steadied after strong gains to start the week, with US economic data signaling inflation is cooling while Russia agreed to dial back output.
3:23 PM EST | June 13, 2024
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Trending News
Exploration
Wintershall Dea Scores Discovery in Norway North Sea
Wintershall Dea AG made a gas, condensate and oil discovery on the Norwegian side of the North Sea, in Production License 248.
4:15 AM EST | June 19, 2024
Elixir Taps Condor to Complete Daydream-2 Stimulation
Elixir Energy engaged Condor Energy Services to complete the remaining stimulation stages at the Daydream-2 appraisal program.
2:30 AM EST | June 18, 2024
Oil Prospect Found by Tiny Firm Spurs Hope, Doubt in Korea
Vitor Abreu is a geologist, but he arrived in Seoul last week like a star, greeted at the airport by flashing cameras and a hoard of reporters.
10:00 AM EST | June 12, 2024
Who Dat East in GOM Shows Positive Potential: Karoon Energy
The wireline logging data, reservoir fluid samples and other geoscience data will be subject to laboratory analyses and further studies to determine the resource potential of the hydrocarbon zones encountered to date.
8:52 AM EST | June 11, 2024
Where Is the Most Exciting Oil Exploration Region Right Now?
Rigzone lines up an exclusive interview with Wood Mackenzie.
7:00 AM EST | June 11, 2024
New Zealand Set to Scrap Oil, Gas Exploration Ban in H2
Prime Minister Christopher Luxon's administration had pledged to resume offshore oil and gas prospecting following last October's election.
10:00 AM EST | June 10, 2024
CNOOC Claims Exploration Breakthrough with South China Sea Discovery
CNOOC declared a technical breakthrough in oil and gas exploration with a discovery in an 'ultra-shallow gas play in ultra-deep water' in the South China Sea.
4:06 AM EST | June 07, 2024
Shell Loses Appeal against Ruling Blocking South Africa Exploration
Shell lost an appeal in a South African court that sought to overturn a judgment blocking an offshore oil search opposed by environmental groups.
2:30 AM EST | June 04, 2024
South Korea Oil and Gas Shares Jump After Offshore Discovery
South Korean oil and gas shares surged Monday.
10:00 AM EST | June 03, 2024
Chariot Makes Gas Discovery Onshore Morocco
Chariot will conduct further post-drill analysis in preparation for well flow testing.
4:00 AM EST | June 01, 2024
Read More Exploration News
Production
Melbourne's Cue Gets OK for Further Development in Indonesia Field
10:30 AM EST | June 18, 2024
Argentina Union Strike Risks Affecting Vaca Muerta Production
An Argentinian oil union said it will hold a 48-hour strike to demand higher salaries, potentially affecting production at the Vaca Muerta shale patch.
2:15 AM EST | June 17, 2024
Trump Says He'll Restart Oil Drilling in Alaska Wildlife Refuge
Donald Trump told Senate Republicans Thursday he would restart oil drilling in Alaska's Arctic National Wildlife Refuge.
5:00 PM EST | June 14, 2024
Advantage Energy to Acquire BC Assets for $327MM
Advantage outlined that the acquisition is expected to add approximately 14,100 barrels of oil equivalent per day (boepd).
12:00 PM EST | June 13, 2024
BMI Says Indonesia Upstream Poised to Grow Strongly
'There are a number of key gas projects in the pipeline', analysts at BMI said.
11:04 AM EST | June 12, 2024
Zama Oil Field Partners Select French Firm for FEED
The FEED work will be based on the scope of the Unit Development Plan approved by the Mexican Hydrocarbon Commission (CNH) last year.
8:18 AM EST | June 12, 2024
Wintershall Dea, Partners Start Drilling in Argentina's Fenix Field
Three development wells are planned to be drilled, completed and put into production over the next months.
10:04 AM EST | June 11, 2024
Woodside Starts Production in Senegal's First Offshore Oil Development
The first phase of development involves production of up to 100,000 bpd.
3:44 AM EST | June 11, 2024
Petrobras, Curtiss-Wright Collaborate on New Subsea Pumping System
Petrobras joined forces with Curtiss-Wright to develop a fully electric, highly reliable subsea pumping system with far less dependency on the production platform.
2:30 AM EST | June 11, 2024
Read More Production News
Sound Energy Sells Assets in Morocco to Managem
Sound Energy is divesting its entire issued share capital in Sound Energy Morocco East Limited (SEME) to Managem.
9:30 AM EST | June 18, 2024
EU Pledges $507MM for Europe-Africa Grid Interconnector
Team Europe committed $507 million for a 137-mile undersea electricity link between Italy and Tunisia.
6:16 AM EST | June 18, 2024
Berkshire Now Owns Nearly 29 Percent of Occidental
Buffett bought almost 2.95 million more common shares from Occidental for about $176 million.
3:03 AM EST | June 18, 2024
UK Seen Beating Oil Output Forecast by 30 Pct If Investment Secured
The UK could be pumping almost 30 percent more oil and gas than current projected at the end of the decade if about £20 billion of new investment can be secured.
2:30 AM EST | June 18, 2024
India in Talks with Equinor for Oil, LNG Cooperation: Mint
India is reportedly in talks with Equinor for its participation in the country's strategic petroleum reserves, as well as for long-term LNG deals from the company's US and Qatar portfolios.
2:30 AM EST | June 17, 2024
Uganda Doubles Oil Industry Budget as Start of Production Nears
Uganda more than doubled its annual budget for the oil and gas industry as it moves closer to the start of production.
8:00 AM EST | June 15, 2024
Eni Sells 10 Percent of Stake in Saipem
Eni received $421.9 million from institutional investors in the transaction.
3:08 AM EST | June 14, 2024
TotalEnergies Sells Upstream Business in Brunei
Hibiscus Petroleum agreed to buy TotalEnergies EP (Brunei) for $259.4 million.
2:57 AM EST | June 14, 2024
Wintershall Sells Stake in Ghasha Gas Field to PTTEP, Exits UAE
'The acquisition of the Ghasha Concession, a significant natural gas field, marks an important step in strengthening PTTEP's Middle East investment portfolio'.
9:28 AM EST | June 13, 2024
Engelhart Agrees to Acquire Trailstone
'The acquisition of Trailstone is an important accelerator in Engelhart's long term strategy to grow our platform and enhance our technological capability to play a leading role in the clean energy transition'.
2:30 AM EST | June 13, 2024
Company Operations
Woodfibre LNG Cleared to Move Housing Floatel to Site
The floatel accommodation serves non-local workers.
3:11 AM EST | June 19, 2024
Equinor Contracts Vallourec for Brazil Projects
Equinor contracted Vallourec to provide tubes and connections for its Brazilian projects.
2:56 AM EST | June 19, 2024
Veren Closes Sale of Saskatchewan Assets to Saturn
Net proceeds from the disposition will be directed to further strengthen Veren's balance sheet, it said.
5:54 AM EST | June 18, 2024
Subsea7 Scores Bittern Field Job in UK North Sea
Subsea7 won a significant EPC contract for the Bittern field.
2:30 AM EST | June 18, 2024
SLB Closes JV with Aker Carbon Capture
SLB and Aker Carbon Capture closed their previously announced joint venture, which includes the sale by ACC ASA of 80 percent of its shares in Aker Carbon Capture Holding to a subsidiary of SLB.
7:30 AM EST | June 17, 2024
Aussie Government Declares Cliff Head Field Fit to be Transformed into CCS
Triangle received federal approval for its application to have the Cliff Head oil field in Western Australia declared suitable to be transformed into a CCS site.
5:30 AM EST | June 17, 2024
ADNOC Drilling JV to Acquire Stake in MWD Tech Firm
Gordon is a leading provider of measurement while drilling (MWD) technology to the oil and gas industry.
2:00 AM EST | June 17, 2024
Petronas Awards Banang Field Late Life Asset PSC to Petra Energy
The PSC replaces Petronas' technical service agreement with Petra Energy.
1:30 AM EST | June 17, 2024
Petronas, Iceotope Collaborate on Thermal Management Solutions
The partnership eyes solutions for data centers, edge computing facilities, and blockchain operations.
7:00 AM EST | June 16, 2024
Wood Creating 100 New Positions with New TotalEnergies Deal
Wood announced that it has been awarded a new $46 million, three-year contract by TotalEnergies in Iraq.
9:38 AM EST | June 14, 2024
Read More Company Operations News
Alternative Energy
Agreement Reached on Draft Rules for Future EU Hydrogen Network
Prospective players in the European Network of Network Operators of Hydrogen agreed on draft rules for the new alliance.
5:37 AM EST | June 19, 2024
UK's Octopus Kicks Off Investment into USA Renewables Market
Octopus acquired one solar farm in Ohio and another in Pennsylvania, kicking off its first renewable energy investment in the USA.
5:20 AM EST | June 19, 2024
Solar, Hydro Surge Points to Early Emissions Peak in China
China has reduced power generation from fossil fuels as output from sunlight and water surges, feeding hopes that the world's biggest polluter may have peaked emissions years before its own deadline.
2:30 AM EST | June 18, 2024
DOE Plans to Lease Idaho Nuclear Site for Solar Generation
The DOE picked two PV projects with a combined capacity of 400 MW to be built in an Idaho nuclear reactor testing site, as the first projects under the Cleanup to Clean Energy Initiative.
1:30 PM EST | June 17, 2024
EIB to Provide Advisory Support for Two Hydro Plants in Bulgaria
The EIB agreed to provide advisory support for the construction of two large pumped-storage hydropower plants in Bulgaria.
2:30 AM EST | June 17, 2024
US DOE Unveils Strategy to Achieve Commercial Fusion
'The development of fusion energy as a clean, safe, abundant energy source has become a global race, and the U.S. will stay in the lead'.
1:30 PM EST | June 14, 2024
Pilot Project Targets Production of Zero-Emission Hydrogen
Peoples, an essential utilities company, is spearheading a demonstration project to produce zero-emission hydrogen energy at scale.
1:30 PM EST | June 13, 2024
Oxy Unit Partners with TAE for Fusion Tech at DAC Facilities
Fusion technology has the potential to deliver emissions-free, continuous, and on-demand energy to complement Occidental's existing zero or very-low emissions approach for DAC power and heat requirements.
8:36 AM EST | June 12, 2024
RE Overtakes Fossil Fuels in EU Annual Power Generation
Renewable energy sources accounted for 44 percent of overall electricity production in the EU last year.
3:26 AM EST | June 12, 2024
Australian Renewable Project Investments Bounce Back from 2023 Low
The Clean Energy Council (CEC) recently released its Renewable Projects Quarterly Report.
9:23 AM EST | June 10, 2024
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