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UK Offshore Wind Industry Risks Cancellations: Hedge Fund Chief
Friday, September 22, 2023'The industry needs a complete reset'.
Analysts Examine USA Gas Inventory
Friday, September 22, 2023Prospects for a 4+ trillion cubic foot end of October U.S. gas inventory level have faded, according to a new BofA Global Research report.
Vietnam Upstream Sector Outlook Brightening
Friday, September 22, 2023Vietnam's upstream sector outlook is brightening, according to analysts at BMI, a Fitch Solutions company.
Is AI Affecting the Oil and Gas Job Market?
Thursday, September 21, 2023Rigzone speaks to representatives of Piper-Morgan Associates Personnel Consultants, OneSource Professional Search, and Kaye/Bassman's Energy Practice.
Oil Price Rally Continues Apace in September
Thursday, September 21, 2023'Physical markets have tightened'.
Sunak Gambles on Voters Focusing More on Costs Than Climate
Thursday, September 21, 2023Rishi Sunak's decision to water down a key part of the UK's green agenda represents a gamble.
USA Crude Oil Stocks Drop
Thursday, September 21, 2023U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 2.1 million barrels, according to the EIA.
Oil Drops Slightly as Russia Bans Fuel Exports
Thursday, September 21, 2023Oil steadied as a broad, risk-off sentiment eroded gains driven by Russia's ban on gasoline and diesel exports, further tightening an already stressed global fuel market.
Strategists Forecast USA Crude Inventory Drop
Wednesday, September 20, 2023Macquarie strategists projected that U.S. crude inventories would be down for the week ending September 15.
This is the Normal Oil Price
Wednesday, September 20, 2023'Normal in the eyes of most market participants today is $60 per barrel, but this perception is probably largely based on the recent experience of the market'.
Oil Drops as Fed Signals Further Rate Hikes
Wednesday, September 20, 2023Oil's breakneck rally is taking a breather as a smaller-than-expected drop in US crude stockpiles bolstered technical resistance to further gains.
Aramco, ExxonMobil Chiefs Insist Oil Needed in Energy Transition
Tuesday, September 19, 2023Both CEOs see a transition in which oil continues to play a major role for decades to come.
TGS and PGS Agree to Form $2.6B Energy Data Co
Tuesday, September 19, 2023'It will combine the capabilities of both companies to create a geophysical powerhouse'.
Brent Oil Price Highly Likely to Move Above $100
Tuesday, September 19, 2023'It is now less than $5 per barrel away from that level and only noise is needed to bring it above'.
Aramco CEO Says Peak Oil Demand Wilting Under Scrutiny
Tuesday, September 19, 2023Demand may rise to 110 million barrels per day by 2030, compared to a projection of around 125 million barrels a day that Aramco expected by then back in 2010, he said.
Oil Steadies After Surging to 10 Month High
Tuesday, September 19, 2023Oil steadied after surging to a 10-month high as broader risk-off sentiment cooled a piping hot rally driven by OPEC+ supply cuts and comments from Saudi Arabia's energy minister shying away from any change in course.
California Sues Big Oil Demanding Damages, Relief
Monday, September 18, 2023BP, Chevron, ConocoPhillips, ExxonMobil, Phillips 66, Shell and the API have been sued for alleged decades of deception.
Shell, BP, Eni Accept Licenses for First Ever UK Carbon Storage Round
Monday, September 18, 2023A total of 14 companies have been awarded 21 licenses in depleted oil and gas reservoirs and saline aquifers.
EIA Bumps Up USA Diesel Price Forecast
Monday, September 18, 2023The U.S. Energy Information Administration has raised its U.S. diesel price forecast for 2023 and 2024.
North America Breaks Rig Loss Streak
Monday, September 18, 2023North America has broken a string of consecutive weekly rig losses.
Oil Extends Rally to Near 10 Month High
Monday, September 18, 2023Brent oil closed near a 10-month high, extending a rally driven by supply curbs from OPEC+ leaders.
Cocaine Is Set to Overtake Oil to Become Colombia's Main Export
Saturday, September 16, 2023Cocaine is set to become Colombia's main export, overtaking oil, according to estimates by Bloomberg Economics.
Countries Emit More Methane than Reported to UN: Study
Friday, September 15, 2023Methane releases from oil and gas operations are 30 percent higher than what countries estimate in reports to the UN.
VIDEO: Coast Guard Rescues Oil Tanker Crew Member Offshore Texas
Friday, September 15, 2023'It was fortunate that our helicopter crew was flying nearby'.
Will Hurricane Lee Affect USA Oil and Gas?
Friday, September 15, 2023Analysts at Standard Chartered predict Hurricane Lee's effect on oil and gas in the United States.
BLS Reveals Gasoline Role in August Consumer Price Index
Friday, September 15, 2023'The index for gasoline was the largest contributor to the monthly all items increase'.
Oil Posts Third Weekly Gain as Market Tightens
Friday, September 15, 2023Oil rose for the third straight week as the market continued to tighten on the back of production cuts from Saudi Arabia and Russia.
Who is BP's Interim CEO?
Thursday, September 14, 2023BP revealed this week that its Chief Financial Officer, Murray Auchincloss, will act as the company's CEO on an interim basis.
EIA Boosts Brent and WTI Oil Price Forecasts
Thursday, September 14, 2023The EIA increased its Brent and West Texas Intermediate spot average price forecasts for both 2023 and 2024.
UK Wind Capacity Overtakes Gas for First Time: Report
Thursday, September 14, 2023The UK's fleet of wind farms reached 29.7 GW of capacity in June.
Indonesia Attracting Strong Interest from Foreign Energy Cos
Thursday, September 14, 2023Indonesia still presents huge opportunities for development of stranded gas discoveries, according to BMI.
OPEC Chief Warns of Energy Chaos
Thursday, September 14, 2023OPEC's top official warned against abandoning fossil fuels.
Oil Rally Accelerates as WTI Tops $90
Thursday, September 14, 2023Benchmark US crude oil settled above $90 a barrel for the first time since November, the latest milestone in a surge driven by output cuts from Saudi Arabia and Russia amid record global consumption.
Adnoc Seeks European Markets for Its Fossil Fuels
Wednesday, September 13, 2023Adnoc wants to take advantage of the hole left by Europe's pivot from Russian fuels.
BP CEO Resigns amid Probe into Relationships with Colleagues
Wednesday, September 13, 2023Bernard Looney filed his resignation with immediate effect.
Analysts Look at Gabon Oil Situation
Wednesday, September 13, 2023'Oil and gas companies will likely be subject of increased scrutiny'.
Manchin Dubs Alaska Move Embarrassing
Wednesday, September 13, 2023'This is yet another example of this administration caving to the radical left'.
BP CEO's Sudden Fall Puts BP Strategy Back in Play
Wednesday, September 13, 2023Looney's exit caps a tumultuous three years leading BP.
UK, Ireland Ink MOUs for Gas Supply Security, Offshore Renewables
Wednesday, September 13, 2023Ireland and the UK agreed to boost renewables cooperation, explore further power interconnection, and enhance the security of gas supplies.
Oil Demand on Track to Grow to Near 102MM Barrels Per Day
Wednesday, September 13, 2023'Despite its difficult economic situation, China looks on track to account for 75 percent of the increase in world oil demand this year'.
Oil Lingers Near Yearly High Amid Bullish Outlooks
Wednesday, September 13, 2023Oil hovered near its highs of the year as the International Energy Agency added to a drumbeat of forecasts that the market will tip into a significant supply deficit in the second half of this year.
Helicopter Crashes into Sea Offshore UAE
Tuesday, September 12, 2023'The helicopter was conducting routine training operations between Al Maktoum International Airport and an offshore rig'.
USA Allows Release of $6 Billion in Oil Proceeds to Iran
Tuesday, September 12, 2023'What is being pursued here is an arrangement wherein we secure the release of five wrongfully held Americans'.
Oil Rally Intensifies Hitting Fresh Yearly High
Tuesday, September 12, 2023Oil extended its rally to a 10-month high as production cuts by leaders of the OPEC+ cartel strain global supplies, a setup that's projected to create the tightest crude market in a decade in the months ahead.
Cheap Gas Holds Back MENA Renewables Growth: Think Tank
Monday, September 11, 2023MENA needs a 20-fold surge to replace cheap natural gas and avoid costly economic losses in the energy transition.
North Sea Oil and Gas Blooms
Monday, September 11, 2023'Solid oil and gas production from the region is also providing indispensable resources to Europe'.
BMI Reveals Latest Brent Oil Price Forecasts
Monday, September 11, 2023'Fundamentals are finally reasserting themselves over price action'.
UK Auction Nets Record Number of Clean Energy Projects, No Offshore Wind
Monday, September 11, 2023Ninety-five clean energy projects have won a total budget funding of $284.5 million.
North America Loses More Rigs
Monday, September 11, 2023North America continues its rig loss streak.
Ukraine Says Black Sea Platforms Used by Russian Forces Captured
Monday, September 11, 2023Ukraine's military intelligence service said its forces regained control of several drilling platforms in the Black Sea.
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