Production & Industry news

• Who Actually Controls the World's Oil?

  18-11-2019 01:00 via rigzone.com
  
  Regardless of control, new investments in finding and producing more oil are required.
  
  Read more

• House Votes to Sanction China's Purchase of Iranian Oil

  16-04-2024 17:26 via rigzone.com
  The legislation was approved by a 383-11 vote.
  
  Read more

• SBM Bags Contracts for ExxonMobil's Latest Guyana Project

  16-04-2024 16:35 via rigzone.com
  SBM Offshore will construct and install the floating production, storage and offloading unit (FPSO) Jaguar.
  
  Read more

• An Already Bad Situation in the Red Sea Just Got Worse

  16-04-2024 08:09 via rigzone.com
  'An already bad situation in the Red Sea and Gulf of Aden has just got worse,' Xeneta Chief Analyst Peter Sand said.
  
  Read more

• Advertisement

• Oil Markets Were Already Positioned for Iran Attack

  16-04-2024 07:57 via rigzone.com
  'The market had been bracing for this scenario', analysts at FGE said.
  
  Read more

• Oil Falls as Traders Anticipate Israeli Retaliation Against Iran

  15-04-2024 21:32 via rigzone.com
  Oil retreated from session lows as traders await Israel's response to an unprecedented attack from Iran.
  
  Read more

• House to Vote on China's Iranian Oil Imports After Israel Attack

  15-04-2024 21:00 via rigzone.com
  The U.S. House of Representatives is poised to vote Monday on legislation aimed at countering China's purchase of Iranian crude oil.
  
  Read more

• Is The Iran Nuclear Deal Revival Project Dead?

  15-04-2024 16:07 via rigzone.com
  'There has been no meaningful progress on either side', the President of Transversal Consulting told Rigzone.
  
  Read more

• Advertisement

• BMI Reveals Latest Henry Hub Price Forecasts

  15-04-2024 16:00 via rigzone.com
  BMI revealed its latest Henry Hub front month natural gas price forecasts out to 2028.
  
  Read more

• EIA Raises WTI Oil Price Forecasts

  15-04-2024 13:19 via rigzone.com
  The U.S. Energy Information Administration raised its West Texas Intermediate oil price forecast for 2024 and 2025.
  
  Read more

• BMI Says Australia's LNG Exports Will Drop This Year

  15-04-2024 12:00 via rigzone.com
  Australia's liquefied natural gas (LNG) exports will drop this year, continuing a trend from last year after reaching a record high in 2022.
  
  Read more

• ExxonMobil Makes FID on 6th Project in Contested Guyana Asset

  15-04-2024 10:00 via rigzone.com
  Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.
  
  Read more

• What's Next for Oil? Analysts Weigh In After Iran's Attack

  15-04-2024 09:56 via rigzone.com
  Oil futures were barely moved by Iran's unprecedented attack on Israel.
  
  Read more

• Venezuela Authorities Arrest Two Senior Energy Officials

  15-04-2024 09:23 via rigzone.com
  The arrest of vice minister for oil Erick Perez and vice minister for gas Juan Santana followed the detention of a former oil minister amid a probe into billions of lost PDVSA revenue.
  
  Read more

• USA, Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears

  12-04-2024 23:00 via rigzone.com
  U.S. officials met secretly this week with members of Venezuelan President Nicolás Maduro's administration.
  
  Read more

• Oil Rises as Israel Braces for Iranian Attack

  12-04-2024 21:49 via rigzone.com
  Oil rose as Israel braced for a possible attack from Iran, a development that would threaten major disruptions in a region that accounts for a third of the world's crude output.
  
  Read more

• Macquarie Strategists Warn of Large Oil Price Correction

  12-04-2024 17:12 via rigzone.com
  Macquarie strategists said they 'expect oil to turn bearish as the year progresses'.
  
  Read more

• BLS Flags Gasoline Role in March Consumer Price Index

  12-04-2024 13:21 via rigzone.com
  'The index for shelter rose in March, as did the index for gasoline'.
  
  Read more

• EIR Says Oil Demand Will Not Peak Before 2030

  12-04-2024 10:56 via rigzone.com
  'EIR expects global oil demand to grow to approximately 108 million barrels per day by 2030'.
  
  Read more

• Bayou Bend CCS Taps Sulmara for Geo Survey

  12-04-2024 10:22 via rigzone.com
  'The quality of the data gathered is some of the best we've seen from a USV'.
  
  Read more

• Exxon CEO Pay Climbed 2.8 Percent to $36.9MM Last Year on Pension

  11-04-2024 23:00 via rigzone.com
  Exxon Mobil Corp. Chief Executive Officer Darren Woods' pay climbed 2.8 percent to $36.9 million last year.
  
  Read more

• Oil Falls as Surging Stockpiles Outweigh Iran Risk

  11-04-2024 22:00 via rigzone.com
  Oil gave up the previous day's gains as swelling US stockpiles overshadowed the possibility of an attack on Israel by Iran or its proxies.
  
  Read more

• USA Crude Oil Stocks Rise Almost 6MM Barrels WoW

  11-04-2024 17:04 via rigzone.com
  U.S. crude oil stocks stood at 457.3 million barrels on April 5, the EIA revealed.
  
  Read more

• Russia Destroys Largest Power Plant in Ukraine's Kyiv Region

  11-04-2024 16:00 via rigzone.com
  A sweeping Russian missile attack on Ukraine destroyed the largest power generating plant in the Kyiv region.
  
  Read more

• EIA Ups Brent Oil Price Forecast for 2024 and 2025

  11-04-2024 13:42 via rigzone.com
  The U.S. Energy Information Administration increased its average Brent spot price forecast for 2024 and 2025 in its latest short term energy outlook.
  
  Read more

• North Sea Countries Team Up for Infrastructure Protection

  11-04-2024 10:40 via rigzone.com
  'Damage to energy pipelines and subsea fiber optic cables has placed the resilience and security of critical underwater infrastructure in the North Sea high on the agenda'.
  
  Read more

• Chevron CEO Pay Rose 12 Percent to $26.5MM Last Year on Pension

  11-04-2024 10:06 via rigzone.com
  Chevron Corp. Chief Executive Officer Mike Wirth's pay jumped 12 percent to $26.5 million last year.
  
  Read more

• Russian Oil Is Once Again Trading Far Above the G-7 Price Cap Everywhere

  10-04-2024 23:00 via rigzone.com
  Russian oil is trading far in excess of a Group of Seven price cap that's supposed to deprive Moscow of revenue for its war in Ukraine.
  
  Read more

• Oil Rises After News of Imminent Strike on Israel

  10-04-2024 21:40 via rigzone.com
  Oil reversed earlier losses and quickly moved higher after it was reported that the US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent.
  
  Read more

• NERC SVP Says Today's Threat Landscape is Dynamic

  10-04-2024 17:37 via rigzone.com
  The Senior Vice President of the North American Electric Reliability Corporation said today's threat landscape is dynamic, presenting challenges that are increasingly difficult to detect and protect against.
  
  Read more

Follow @Prod_IndustryUK on Twitter!