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-
China's First Oil Shipment From Niger Stymied by Border Dispute
via rigzone.comChina's first shipment of crude from Niger has been blocked by a border dispute. -
Oil Tumbles as OPEC Plan Adds to Bearish Momentum
via rigzone.comOil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this year, adding to the bearish momentum crude has been experiencing for months. -
Woodmac Says Marathon Deal Solidifies ConocoPhillips in a League of its Own
via rigzone.com'Upon closing, ConocoPhillips will become the largest Eagle Ford producer, a top three Bakken operator, and remain a top five Delaware Basin player based on gross operated production,' Woodmac said. -
We're Not Turning Off the Taps, Labour Leader Says
via rigzone.com'Oil and gas will be part of the mix for many years,' Labour leader Keir Starmer said. -
OPEC Plus Extends Cuts but Agrees on Plan to Reactivate Barrels
via rigzone.comThe agreement aims to keep supporting crude prices while also easing the production restraints against which some members, such as the UAE, have chafed. -
Rare Russian Oil Cargo Unloads in Ghana After 3 Month Wait
via rigzone.comAn oil tanker holding Russian crude oil off the coast of Ghana is finally unloading its cargo. -
Oil Falls After Swinging in Lackluster Weekly Trade
via rigzone.comOil futures dropped alongside equity markets as traders look ahead to Sunday's OPEC+ meeting. -
Valeura Progresses Drilling Projects in Gulf of Thailand
via rigzone.com'This will be the first new development for Valeura in Thailand, and is expected to serve as a substantial source of production growth in the second half of this year'. -
Analysts Look at Speculative Oil Positioning and OPEC+
via rigzone.com'We think bearish Brent flows stand out enough to represent a target for OPEC+ policy makers', analysts at Standard Chartered said. -
COP29 Host Set to Propose Levy on Fossil Fuels to Fund Climate Action
via rigzone.comAzerbaijan is working on a proposal to place a levy on oil, gas and coal production in order to fund climate action in developing countries. -
Oil Falls Despite Biggest US Stockpile Drop in Five Weeks
via rigzone.comOil sank despite US data showing the biggest drop in the nation's stockpiles in five weeks, with traders awaiting Sunday's OPEC+ meeting for more guidance on supply. -
Obsidian to Acquire Clearwater Assets for $55.5MM
via rigzone.com'A substantial portion of the acquired lands at Peavine are adjacent to and extends our Clearwater Dawson field, which is providing robust production results above our expectations'. -
Republicans Warn Biden Against Tapping Oil Reserve as Gas Prices Rise
via rigzone.comTop Republicans are warning the Biden administration against tapping into the nation's strategic oil reserve to bring down gasoline prices. -
Aethon to Buy Upstream Assets, Inks LNG HOA with Tellurian
via rigzone.comThe assets will expand Aethon's footprint in the Louisiana Haynesville and Bossier shale basins with approximately 31,000 net acres. -
JP Morgan Reveals Latest Oil and Gas Price Forecasts
via rigzone.comJ.P. Morgan has revealed its latest Brent, WTI, and Henry Hub gas price forecasts. -
ConocoPhillips Agrees to Buy Marathon Oil in $22.5B Deal
via rigzone.comThe deal is expected to close in the fourth quarter of 2024. -
Oil Falls as Weak Treasury Auction Boosts Dollar
via rigzone.comOil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets. -
Rystad Says Middle East Renewables Capacity Set to Soar
via rigzone.com'By 2050, renewable energy sources, including hydro in addition to solar and wind, are expected to constitute a staggering 70 percent of the Middle East's power generation mix,' Rystad said. -
Energy Transfer to Acquire WTG Midstream for $3.25B
via rigzone.comThe assets will provide Energy Transfer with increased access to growing supplies of natural gas and natural gas liquids (NGL) volumes. -
Shell Plans Job Cuts in Offshore Wind Business
via rigzone.comShell is preparing to cut staff from its offshore wind business. -
Dryad Says Attacks on Commercial Vessels in Red Sea Drop
via rigzone.com'Evidence suggests a move away from full offensive operations', Dryad said. -
EU Passes Law Bolstering Clean Energy Manufacturing Sector
via rigzone.comThe European Council adopted the Net-Zero Industry Act. -
Oil Tankers Float for Weeks Offshore UK in Sign of Weak Demand
via rigzone.comThree tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without discharge. -
Oil Rebounds as Middle East Tensions Rise
via rigzone.comOil rebounded from last week's selloff as tensions flared in the Middle East, with a vessel attacked in the Red Sea and Israeli tanks reaching the center of Rafah. -
EIA Slightly Lowers 2024 USA Crude Oil Output Forecast
via rigzone.comThe U.S. Energy Information Administration slightly lowered its 2024 U.S. crude oil production forecast. -
Oil Tycoon Gets License to Continue Buying Asphalt from Venezuela
via rigzone.comOil firms that want to stay or operate in Venezuela have been applying for permits from the U.S. Treasury after Washington reimposed sanctions last month. -
SLB OneSubsea Bags Contract for Equinor's Troll Project
via rigzone.comTroll Phase 3, Stage 2 aims to accelerate production from reservoir equivalent to about 55 billion standard cubic meters of gas. -
Emissions Cap to Cost Canada's Economy $181B: Industry Group
via rigzone.comThe study found that the stress case scenario would lead to an estimated production decrease of one million barrels of oil equivalent per day (boepd). -
China's Falling Emissions May Signal Advanced Peaking: Carbon Brief
via rigzone.comChina may have peaked emissions more than half a decade before its own deadline, according to Carbon Brief. -
JP Morgan Analysts Look at Worldwide Oil Demand in May
via rigzone.com'Sequential demand improved markedly in May', J.P. Morgan analysts said.
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