Business
Rystad, JP Morgan Look at Oil Price Moves
Rystad Energy and J.P. Morgan check out recent market moves.
July 3, 2024 · By Energies Media Staff
Scoop.it
News
The Fake Oilman
Charles Bethea writes about Alan Todd May, who passed himself off as an oil magnate, insinuated himself into West Palm Beach high society, and conned people…
July 3, 2024 · By Energies Media Staff
News
EIR Analyst Looks at $2.6B XCL Deal
'A key driver of the deal, like most other transactions seen over the last few years, is adding inventory', the analyst said.
July 3, 2024 · By Energies Media Staff
News
Shale Executives See Takeovers Squeezing US Oil Production
U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey. More than…
July 2, 2024 · By Energies Media Staff
Exploration & Production
Regional Oil Output Little Changed in Q2, Says Dallas Fed
Oil and gas activity in Texas, Louisiana and New Mexico rose modestly in the second quarter of 2024, the Federal Reserve Bank of Dallas said on…
July 2, 2024 · By Energies Media Staff
Midstream
U.S. Sanctions UAE Shipping Companies Transporting Iranian Petroleum
In response to Iran’s continued nuclear escalations, the United States has imposed sanctions on three United Arab Emirates shipping companies involved in the Iranian petroleum and…
July 2, 2024 · By Energies Media Staff
Environment
University of Houston Strengthens Commitment to Clean Energy with Key Partnerships
HOUSTON, June 25, 2024 - The University of Houston, the energy university with multiple energy-focused research centers, last week signed two memorandums of understanding with industry…
June 25, 2024 · By Energies Media Staff
Midstream
ONEOK Acquires Gulf Coast NGL Pipeline System in a $280 Million Deal
ONEOK, Inc. has finalized its acquisition of a natural gas liquids (NGL) pipeline system from Easton Energy for about $280 million, Zacks Equity Research announced on…
June 25, 2024 · By Energies Media Staff
Downstream
Texas Electricity Demand Could Nearly Double in 6 Years
Two factors led to the higher forecast: A new law allows officials to count companies’ requests for grid connections before they are finalized.
June 25, 2024 · By Energies Media Staff
Downstream
Venezuela Resorts to Dark Fleet to Supply Oil to Ally Cuba
Venezuela's state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels…
June 25, 2024 · By Energies Media Staff
Environment
Hawaii Settles Lawsuit from Youths Over Climate Change
About two years after 13 children and teens sued Hawaii over the threat posed by climate change, both sides reached a settlement that includes an ambitious…
June 24, 2024 · By Energies Media Staff
News
On-Demand, On-Site Hydrogen Production Heading To U.S. Airports
On-Demand, On-Site Hydrogen Production Heading To U.S.Airports...
June 24, 2024 · By Energies Media Staff
Exploration & Production
TotalEnergies, NNPCL Make $550MM FID on Ubeta Field Project
The Ubeta gas condensate field located in OML58 will be developed with a new six-well cluster connected to the existing Obite facilities through a buried p...
June 24, 2024 · By Energies Media Staff
Exploration & Production
USA Crude Oil Stocks Drop
U.S. crude oil stocks, not including the SPR, came in at 457.1 million barrels per day on June 14, according to the EIA.
June 21, 2024 · By Energies Media Staff
Exploration & Production
Could European Oil Majors Relocate to the USA?
Search Oil & Gas Jobs. Read the latest Oil & Gas News. Rigzone is the World's leading resource for Oil & Gas jobs, news, events, and…
June 20, 2024 · By Energies Media Staff
Exploration & Production
Oil Drilling Suffers Blow in Climate Ruling at Top UK Court
Britain's top court delivered a blow to UK oil drilling.
June 20, 2024 · By Energies Media Staff
Exploration & Production
Landmark Supreme Court Ruling Could Threaten Future UK Oil Drilling
Supreme Court has ruled Surrey Council should have considered climate change impacts of new oil wells.
June 20, 2024 · By Energies Media Staff
Energy Transition
Texas Electricity Demand Could Nearly Double in Six Years
The state's main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years.If it's accurate,...
June 20, 2024 · By Energies Media Staff
Downstream
Are Methane Emissions From The U.S. Oil and Gas Industry A Crisis?
In the United States, concerns arise about the leakage of methane gas into the atmosphere during oil and gas drilling operations. Some say it is a…
June 19, 2024 · By Energies Media Staff
Midstream
Alaska LNG Secures Preliminary Gas Supply Agreement
The agreement with Pantheon secures up to 500 MMcfpd of gas for the liquefaction project for an extendable 20 years.
June 19, 2024 · By Energies Media Staff
Exploration & Production
North America Rig Gain Continues
North America added 13 rigs week on week, according to Baker Hughes' latest rotary rig count.
June 19, 2024 · By Energies Media Staff
Environment
Stonehenge Covered in Powder Paint by Just Stop Oil Protesters
The move comes the day before celebrations for the Summer Solstice.
June 19, 2024 · By Energies Media Staff
Exploration & Production
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.
June 19, 2024 · By Energies Media Staff
News
OPEC is Trying to Outlast The Shale Boom
Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day.In the early days of the shale boom, when it…
June 18, 2024 · By Energies Media Staff
Exploration & Production
Newfound Ohio Utica Shale Oil Play Yielding Results
Recent data from the Ohio Department of Natural Resources (ODNR) confirms an emerging Ohio oil play with untapped potential. Traditionally thought of as a natural gas…
June 18, 2024 · By Energies Media Staff
Exploration & Production
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.
June 18, 2024 · By Energies Media Staff
News
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...
June 18, 2024 · By Energies Media Staff
Education
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...
June 13, 2024 · By Energies Media Staff
Exploration & Production
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…...
June 13, 2024 · By Energies Media Staff
Exploration & Production
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.
June 12, 2024 · By Energies Media Staff
Scoop.it
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.
June 11, 2024 · By Energies Media Staff
Business
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,…
June 11, 2024 · By Energies Media Staff
News
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…
June 11, 2024 · By Energies Media Staff
Exploration & Production
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.
June 10, 2024 · By Energies Media Staff
Exploration & Production
North America Continues Streak of Rig Additions
North America added nine rigs week on week, according to Baker Hughes.
June 10, 2024 · By Energies Media Staff
News
Oil Paychecks Set a Record Even as Shale Industry Consolidates
Wages for U.S. oil workers set a fresh record in April.
June 10, 2024 · By Energies Media Staff
Exploration & Production
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.
June 7, 2024 · By Energies Media Staff
Mergers and Acquisitions
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...
June 7, 2024 · By Energies Media Staff
Exploration & Production
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.
June 7, 2024 · By Energies Media Staff
Exploration & Production
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…
June 6, 2024 · By Energies Media Staff
Energy Transition
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…
June 5, 2024 · By Energies Media Staff
News
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…
June 5, 2024 · By Energies Media Staff
Exploration & Production
Equinor Sells Stakes in North Sea Licenses to PGNiG
The closing of the transaction is conditional upon ministry approval.
June 5, 2024 · By Energies Media Staff
News
Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax
Rigzone talks to the Ted Cruz camp.
June 5, 2024 · By Energies Media Staff
News
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…
June 4, 2024 · By Energies Media Staff
Fullstream
GOP Governors Announce Plan to ‘Unleash American Energy’
Republican governors on Monday announced a plan to “unleash American energy.”...
June 4, 2024 · By Energies Media Staff
Exploration & Production
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.
June 4, 2024 · By Energies Media Staff
Exploration & Production
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'.
June 4, 2024 · By Energies Media Staff
News
North America Adds Rigs Again
North America added eight rigs week on week, according to Baker Hughes.
June 3, 2024 · By Energies Media Staff
News
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…
May 31, 2024 · By Energies Media Staff