Energies Media Staff

USA EIA Lowers 2024 Brent Oil Price Forecast

The U.S. Energy Information Administration lowered its 2024 Brent spot price forecast in its latest short term energy outlook.

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 Analy...

Making an Impression: Ace Your Next Job Fair with These Oil and Gas Strategies

To attract prospective employees in the competitive oil and gas industry, companies need to deploy effective strategies at job fairs. A focus on showcasing opportunities for…

Texas Startup Hopes 4th Time’s a Charm to Build First Big US Oil Refinery Since 1977

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts…

Mexican President Says Billionaire Slim Wants to Join Pemex in Natural Gas Project

Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy…

Oklahoma Outshines Rival States in Energy Transition Progress

OP-ED Oklahoma may be better known as a top-five producer of oil and natural gas within the United States, but its energy sector is fast becoming a shining star in the renewables field…

Should Oil and Gas Pros Use AI to Get Hired?

Rigzone lines up exclusive interviews with the Founder and Managing Partner of the Kaye/Bassman Energy Practice and the Founding Partner and President of P...

Ukraine Agrees on First LNG Supply Deal with US Company Venture Global

Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crunch amid a war with its…

Opinions Differ on Future Oil Supplies and Demand

Crude oil is an important commodity that is traded worldwide. Its price varies from country to country and from state to state daily. Today, June 13,…

Brazil’s Lula Backs Petrobras Bid To Explore Offshore

President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore…...

Crude Quality Issues on TMX Pipe May Hamper Flows from Canada to US West Coast Refiners

U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning…

US Natural Gas Pipeline Mountain Valley Prepares for Start-up

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Wednesday it was preparing the $7.85-billion pipe from West Virginia to Virginia to operate, after receiving approval from…

Berkshire Buys Nearly 2.57MM More Shares from Occidental

Billionaire Warren Buffett bought almost 2.57 million more common stocks from Occidental for about $153.3 million.

Matador Resources in $1.91 bln Deal to Expand in Delaware Basin

U.S. oil and gas producer Matador Resources said on Wednesday it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in an about $1.91 billion cash deal for a unit of…

US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions

A U.S. congressional committee accused the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy…

California Seeks Company Profits in Big Oil Climate Lawsuit

California’s attorney general on Monday sought to force the world’s biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role…

Mexico’s Proven Hydrocarbon Reserves Rise to 8.4 billion Barrels

Mexico’s total proven hydrocarbon reserves, which include crude oil and natural gas, rose to 8.383 billion barrels of crude oil equivalent, the country’s regulator said on Tuesday in its annual reserves data…

BP, Worley Form Alliance for BP’s Global Site Projects

Saving an initial estimated $40 million over two years, the alliance will improve capital efficiency in site projects where Worley holds service contracts.

Global Connected Safety Leader Blackline Safety Secures Largest Contract in Company’s History at $8.5 Million

Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced is largest contract to date – an $8.5 million deal to protect…

Tariffs on Imported Oil Aren’t the Cure for the Industry’s Woes

Saudi Arabia and Russia are engaged in a price war–both increasing oil supplies at a time when world demand is precipitously dropping. To help U.S. producers,…

Production Starts At Senegal’s First Offshore Oilfield 

Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country's first offshore…

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.

North America Continues Streak of Rig Additions

North America added nine rigs week on week, according to Baker Hughes.

Oil Paychecks Set a Record Even as Shale Industry Consolidates

Wages for U.S. oil workers set a fresh record in April.

Noble Corp Offers $1.6 bln for Rival Diamond Offshore to Strengthen Fleet

Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in a…

Navigating Networks: Mastering LinkedIn for Oil and Gas Job Hunters

LinkedIn stands as a pivotal professional networking platform for those navigating the competitive landscape of the oil and gas sector. It’s an invaluable tool for job…

Middle East Produced Water Oilfield Symposium & Exhibition

Middle East Produced Water Oilfield Symposium & Exhibition is scheduled to take place from 17th – 18th September 2024 in Qatar. Building upon the success of…

Abandoned Oil Wells Near Bakersfield Could Store Solar Power for 300,000 Homes

A pilot project in California will repurpose an old oil field to store renewable energy and help clean up the grid.

Phillips 66 Expands Permian Basin Pipeline Footprint with $550 Million Acquisition 

Phillips 66, a Houston-based downstream energy company, announced on May 20th a $550 million acquisitio...

Slick Picks: 3 Oil Stocks to Grease Your Portfolio’s Gears

Unlock the best oil stocks that could drive your portfolio's performance with robust returns and dividend income in the dynamic energy market.

Making Wind Energy Even More Sustainable

With Voodin Blade Technology’s laminated veneer lumber blades, wind turbines can produce up to 78 percent fewer CO2 emissions, and production costs can decrease by up…

ENERGIES Cartoon (Summer 2024)

RE+ 24

After the success of RE+ 23 last year boasting over 40,000 attendees and 1,300+ exhibitors, RE+ 24 is set to make history as it celebrates its…

Suncor Energy’s Rich Kruger Urges Canada to Seize the Opportunity its Energy Resources Provide

Calgary, Alberta--(Newsfile Corp. - June 6, 2024) - Suncor (TSX: SU) (NYSE: SU) President and Chief Executive Officer Rich Kruger says Canada can increase its prosperity…

Permian Strategic Partnership Welcomes Energy Transfer and Phillips 66 as 30th and 31st Members

The Permian Strategic Partnership (PSP) proudly welcomes Energy Transfer and Phillips 66 as its newest members, expanding to 31 members. In the five years since its…

US Public Opinion on Social Media is Warming to Nuclear Energy, but Concerns Remain

The U.S. public displays more positive than negative sentiment toward nuclear energy but concerns remain about waste, cost and safety, according to an analysis of 300,000…

US Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says

The U.S. could hasten the rate of replenishing the Strategic Petroleum Reserve as maintenance on the stockpile is completed by the end of the year, Energy…

Equinor Sells Stakes in North Sea Licenses to PGNiG

The closing of the transaction is conditional upon ministry approval.

Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax

Rigzone talks to the Ted Cruz camp.

The Vital Necessity of Stopping Oil Production Decline in Equatorial Guinea

The discovery of oil in Equatorial Guinea in the mid-1990s constituted an undoubted turning point in the country’s history. The country’s economy had previously been based…

New Energy Source Powers Subsea Robots Indefinitely

When it comes to mapping new territory, NASA's record swamps Lewis and Clark's. And the space agency doesn't only chart other stars and planets—a vantage point…

GOP Governors Announce Plan to ‘Unleash American Energy’

Republican governors on Monday announced a plan to “unleash American energy.”...

ConocoPhillips-Marathon Deal Represents a Pivot

The ConocoPhillips-Marathon Oil transaction represents a pivot in U.S. shale mergers and acquisitions, according to Enverus Intelligence Research.

Wildfire Continues Eagle Ford Consolidation with Latest Acquisition

'Acquisitions such as this one represent an important part of our company's strategy and we continue to seek out and evaluate similar transactions'.

North America Adds Rigs Again

North America added eight rigs week on week, according to Baker Hughes.

Fueling the Future: Emerging Jobs in the Oil and Gas Industry

The oil and gas industry stands on the brink of a transformative era, where traditional roles are evolving in response to technological advancements and environmental imperatives.…

Researchers Develop Reusable “Sponge” for Soaking Up Marine Oil Spills – Even in Chilly Northern Waters

Oil spills, if not cleaned up quickly and effectively, can cause lasting damage to marine and coastal environments. That’s why a team of North American researchers…

Efficient Drilling Waste Management in the Oil and Gas Industry

The oil and gas industry produces vast amounts of waste and contaminates air and water. The emissions from the oilfields contribute to 15% of total emissions…

Vermont Mandates that Fossil Fuel Companies Pay for Climate Damages

A new law in Vermont — the first of its kind in the U.S. — will require fossil fuel companies to pay for a share of…

Wood Mackenzie Names Most Admired Explorer

'The industry continues to admire operators who can not only open new frontiers, but also find large volumes of advantaged resources,' Wood Mackenzie said.