Exploration & Production
USA Crude Oil Inventories Drop Almost 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 429.3 million barrels on August 2, according to the EIA.
August 8, 2024 · By Energies Media Staff
Scoop.it
Exploration & Production
North America Rig Gain Run Stretches to 11 Weeks
North America added five rigs week on week, according to Baker Hughes' latest rotary rig count.
August 6, 2024 · By Energies Media Staff
News
UKOG Raises Funding for Planned Hydrogen Storage Projects
The proceeds will be directly employed to 'further specific activities required to materially advance the company's hydrogen storage projects'.
August 6, 2024 · By Energies Media Staff
News
BMI Lowers Global Diesel Price Forecast
'We anticipate diesel prices to head lower in Q3 2024 before picking up in Q4 2024', BMI analysts said.
August 6, 2024 · By Energies Media Staff
News
Oil Prices Continue Downtrend
'Worries about a potential U.S. recession outweighed concerns about supply disruptions from rising tensions in the Middle East'.
August 5, 2024 · By Energies Media Staff
Exploration & Production
Chevron Moving Headquarters from Northern California to Houston
Chevron said Friday it would relocate its headquarters to Texas from California, continuing an exodus of oil companies from the state due to higher taxes, stricter…
August 2, 2024 · By Energies Media Staff
Exploration & Production
BofA Report Says Oil’s Bermuda Triangle Is Nearing an End
'Oil prices have been trading in a narrowing range, or a triangle pattern, for over a year now', the BofA Global Research report stated.
July 31, 2024 · By Energies Media Staff
Exploration & Production
USA Upstream Merger Activity Hits Nearly $90B Year to Date
EIR revealed that U.S. upstream M&A activity 'notched its third consecutive quarter of heightened value with more than $30 billion transacted'.
July 30, 2024 · By Energies Media Staff
Exploration & Production
USA Industry Body Flags Upstream Oil and Gas Employment Drop
'Operational efficiencies are driving strong production with fewer rigs, which can translate to declining industry job numbers', TXOGA's President said.
July 29, 2024 · By Energies Media Staff
Exploration & Production
US to Drive 60 Pct of Non-OPEC Output Growth in 2024
Oil production in the United States' main oil-producing basin is poised to slow down this year but the country would still account for 60 percent of…
July 29, 2024 · By Energies Media Staff
Mergers and Acquisitions
Post Oak Minerals Acquires $475 Million of Permian Basin Focused Minerals & Royalties
HOUSTON--(BUSINESS WIRE)--Post Oak Minerals V, LLC (“POM V”), an affiliate of Post Oak Energy Capital, LP (“Post Oak”), today announced that it has completed 10 acquisitions…
July 29, 2024 · By Energies Media Staff
Mergers and Acquisitions
Permian to Buy Occidental West Texas Assets for $817.5M
Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million, it said in a statement.
July 29, 2024 · By Energies Media Staff
Exploration & Production
Geothermal Firm Partners with Petrobras for Drilling Tech
The collaboration aims to enable deep and complex offshore wells to be drilled from a light well intervention vessel.
July 29, 2024 · By Energies Media Staff
Energy Transition
UK Gov Announces ‘Unprecedented’ GB Energy Partnership
The partnership 'has the potential to leverage up to GBP 60 billion [$77.1 billion] of private investment into the UK's drive for energy independence', acc...
July 26, 2024 · By Energies Media Staff
Exploration & Production
How Dangerous Is Extreme Weather for Oil and Gas Companies In 2024?
Rigzone conducts exclusive interviews with the ex-IPAA Chief Economist, the Manager of Policy and Communications at the IER, and the President of Transvers...
July 26, 2024 · By Energies Media Staff
Downstream
Henry Hub Prices Crash Back Toward $2
Henry Hub natural gas prices have crashed back toward $2 on storage concerns, BofA analysts noted in a BofA Global Research report sent to Rigzone.
July 26, 2024 · By Energies Media Staff
News
USA Commercial Crude Oil Inventories Drop by Almost 4MM Barrels WoW
Crude oil stocks in the U.S., not including the SPR, were at 436.5 million barrels on July 19, according to the EIA.
July 25, 2024 · By Energies Media Staff
Exploration & Production
Oil Prices Significantly Weaken Over Past Week
Oil prices have weakened significantly over the past week, analysts at Standard Chartered Bank said.
July 24, 2024 · By Energies Media Staff
Downstream
AVEVA and Meridian Energy Group Inc. Forge Partnership for World’s Cleanest and Most Advanced Crude Oil Refineries
/PRNewswire/ -- AVEVA, a global leader in industrial software driving digital transformation and sustainability, today announced a strategic partnership with...
July 24, 2024 · By Energies Media Staff
Exploration & Production
Australia to Grant New Exploration Permits for Offshore Gas, CCS
'As ageing coal generation comes offline in coming years, gas will continue to be needed to firm renewable energy generation and as a backup during peak…
July 23, 2024 · By Energies Media Staff
Exploration & Production
Manchin, Barrasso Unveil Bill to Ease Oil and Gas Permitting
The senior energy lawmakers introduced a legislative proposal to accelerate the permitting process for energy and mineral projects.
July 23, 2024 · By Energies Media Staff
Exploration & Production
Oil Markets Appear to be Lacking for Direction
Analysts at BMI, a unit of Fitch Solutions, noted that oil markets 'appear to be somewhat lacking for direction'.
July 22, 2024 · By Energies Media Staff
Exploration & Production
North America Adds Rigs for 9 Consecutive Weeks
North America added 10 rigs week on week, according to Baker Hughes' latest rotary rig count.
July 22, 2024 · By Energies Media Staff
News
UK Oil Regulator Opens Investigations into Missed Decom Deadlines
The NSTA warns that it is 'getting tough on operators who do not meet their regulatory obligations on well decommissioning'.
July 19, 2024 · By Energies Media Staff
News
Energy Hit Harder by Ransomware Attacks Than Other Sectors
Ransomware attacks on oil and gas companies and utilities are increasing in frequency and severity, with longer recovery times and more companies paying ransoms.
July 19, 2024 · By Energies Media Staff
News
USA Crude Oil Inventories Drop by Nearly 5MM Barrels WoW
Crude oil stocks in the U.S., not including the SPR, were at 440.2 million barrels on July 12, according to the EIA.
July 18, 2024 · By Energies Media Staff
Midstream
Build Contracts Awarded for UAE Gas Pipeline Expansion
ADNOC Gas awarded $550 million EPC contracts for a project expanding its natural gas sales pipeline network in the UAE.
July 16, 2024 · By Energies Media Staff
Environment
OEUK Publishes 2030 Net Zero Blueprint
OEUK warned that the goal of net zero power 'must be delivered by building on the UK's existing industrial strengths, creating jobs, and growing domestic c...
July 16, 2024 · By Energies Media Staff
Downstream
Energy Transfer and Sunoco Announce Strategic Permian Basin Crude Oil Joint Venture
/PRNewswire/ -- Energy Transfer LP (NYSE: ET) ("Energy Transfer") and Sunoco LP (NYSE: SUN) ("Sunoco") today announced the formation of a joint venture...
July 16, 2024 · By Energies Media Staff
Innovation
AI, Robotics Leading Transformative Changes in Oil and Gas
'AI and robotics are bringing far and wide changes in the oil and gas sector', Saurabh Daga, Project Manager for Disruptive Tech at GlobalData, said.
July 16, 2024 · By Energies Media Staff
Exploration & Production
North America Adds Rigs for 8th Consecutive Week
North America added 13 rigs week on week, according to Baker Hughes' latest rotary rig count.
July 15, 2024 · By Energies Media Staff
Exploration & Production
Advancements in Drilling Technology
The oil and gas industry has seen tremendous technological advancements over the past few decades, significantly enhancing the efficiency, safety, and environmental impact of drilling operations.…
July 13, 2024 · By Energies Media Staff
Exploration & Production
Biden Admin Has Prohibited Oil Drilling Across 41 Million Acres of Federal Lands, Sparking GOP Probe
The Biden administration is facing a congressional probe over its actions functionally prohibiting oil and gas production across roughly 41 million acres of federal property—nearly equivalent…
July 12, 2024 · By Energies Media Staff
Exploration & Production
Institutional Investors Hold $4.3 Trillion in Fossil Fuel Companies: Report
The world's four biggest institutional investors in fossil fuels are all headquartered in the USA, according to the research.
July 12, 2024 · By Energies Media Staff
Downstream
USA Crude Oil Inventories Drop More Than 3MM Barrels WoW
Crude oil stocks in the U.S., not including the SPR, stood at 445.1 million barrels on July 5, according to the EIA.
July 12, 2024 · By Energies Media Staff
Midstream
Elevation Midstream Merges with Platte River Holdings
The merger 'positions Elevation for further growth in the Denver-Julesburg Basin with its increased scale and connectivity.'...
July 12, 2024 · By Energies Media Staff
Midstream
Rystad Flags Main Factor That Was Being Closely Watched by Gas Market
Rystad Energy highlights 'the main factor that was being closely watched by the gas market in recent days'.
July 12, 2024 · By Energies Media Staff
Environment
Montana Republicans Urge State High Court to Reverse Landmark Youth Climate Ruling
Republican officials in Montana will ask the state Supreme Court on Wednesday to overturn a landmark climate ruling in a lawsuit brought by young environmentalists...
July 10, 2024 · By Energies Media Staff
Exploration & Production
Offshore Decommissioning Market is Paved by Rising Oilfield Decommissioning Activities
The offshore decommissioning market provides a wide range of services and solutions for the decommissioning of offshore oil and gas...
July 10, 2024 · By Energies Media Staff
Environment
Republican States Lose Motion to Stay New Methane Emissions Rules
A U.S.court denies a request from Republican states to block new EPA methane em...
July 10, 2024 · By Energies Media Staff
Midstream
Houthi Attacks in Red Sea Sharply Increase
'This escalation since late May has heightened maritime security concerns', Rystad Energy Global Market Analysis Director Claudio Galimberti said.
July 10, 2024 · By Energies Media Staff
Downstream
Richmond: Chevron Worker, Nonprofit Challenge Refinery Tax Ballot Measure
If approved by voters in November, the tax would kick in next July, costing Chevron between $60 million and $90 million annually.
July 10, 2024 · By Energies Media Staff
Midstream
Sanctions Leaving Dozens of Oil Tankers Idle
Fifty-three ships that previously moved Russian oil reportedly remain empty and unused across the world...
July 10, 2024 · By Energies Media Staff
Exploration & Production
New UK Secretary of State for Energy Security Outlines Priorities
Ed Miliband, the UK's new Secretary of State for Energy Security and Net Zero, has outlined his priorities in a message to staff.
July 9, 2024 · By Energies Media Staff
Downstream
Oil Prices Edge Lower After Beryl Leaves Energy Infrastructure Largely Unscathed
Oil futures lost ground Tuesday after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage.
July 9, 2024 · By Energies Media Staff
Exploration & Production
Where Will WTI and Henry Hub Prices Land in the Near and Mid-Term?
As part of the latest Dallas Fed Energy Survey, executives from oil and gas companies revealed where they expect the WTI and Henry Hub prices to…
July 9, 2024 · By Energies Media Staff
Exploration & Production
Taylor Sheridan’s Landman Sets Premiere Date on Paramount+
Paramount+ has dropped the premiere date for Landman, its upcoming oil drama from Taylor Sheridan and starring Billy Bob Thornton.
July 9, 2024 · By Energies Media Staff
Exploration & Production
BMI Reveals Latest Oil Price Forecast
'Price performance in the year to date has been slightly weaker than we had anticipated', BMI analysts said.
July 5, 2024 · By Energies Media Staff
Midstream
TXOGA, API Comment on LNG Court Ruling
TXOGA President Todd Staples said a court ruling 'to end the LNG export permit approval halt achieves the right result'.
July 5, 2024 · By Energies Media Staff
Midstream
Rystad Energy Analysts Look at Henry Hub Prices
Rystad Senior Analyst Masanori Odaka highlighted that, on July 2, front-month Henry Hub prices for August decreased by 14.9 percent week on week.
July 5, 2024 · By Energies Media Staff