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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'.
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.
Who Produced the Most Natural Gas in 2022?
Wednesday, September 20, 2023Which country produced the most natural gas last year?
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'.
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'.
How Much Crude Oil Will the USA Produce in 2023 and 2024?
Tuesday, September 19, 2023How much crude oil will the U.S. produce this year and next year?
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.
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'.
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.
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.
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'.
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'.
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'.
McDermott Enters Deal to Initiate Financial Restructuring
Tuesday, September 12, 2023McDermott International Ltd announced that it has entered into a transaction support agreement to initiate a financial restructuring process.
Repsol Buys Texas Based Renewable Co for $768MM
Tuesday, September 12, 2023'This transaction is another step in our firm commitment to transforming our industry and becoming a zero net emissions company by 2050'.
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'.
North America Loses More Rigs
Monday, September 11, 2023North America continues its rig loss streak.
Oil Market is Bewildered
Friday, September 08, 2023'The latest action from Saudi Arabia, if it drives the oil price to $100 per barrel or higher, must indeed lead to political heat from the U.S.'.
Mixed Bag for USA Fuel Prices
Friday, September 08, 2023The U.S. Energy Information Administration's latest fuel update report outlined a mixed bag for U.S. fuel prices.
USA Crude Oil Stocks Drop Again
Friday, September 08, 2023'At 416.6 million barrels, U.S. crude oil inventories are about four percent below the five year average for this time of year'.
UK Oil and Gas Activity Supports Over 200K UK Jobs
Thursday, September 07, 2023'Around 133,000 of these were direct and indirect jobs'.
Saudi-Russia Move Can Only Result in One Thing
Thursday, September 07, 2023'The decisions surprised oil markets, and prices reacted strongly and suddenly following the announcements'.
Atlantic Saw Flurry of Hurricane Activity in Late August
Thursday, September 07, 2023'Four tropical storms formed within a 39-hour timeframe from August 20-22, followed by another two systems in the last week of the month'.
OPEC+ In a Good Position to Keep Oil Around $85 Per Barrel
Wednesday, September 06, 2023'We expect OPEC+ to be in solid control of the global oil market over the next couple of years'.
Will Electric Vehicles Slash Oil Demand?
Wednesday, September 06, 2023Rigzone speaks to analysts at RANE and Rystad.
ERCOT Issues Weather Watch
Wednesday, September 06, 2023The Electric Reliability Council of Texas has issued a weather watch from September 6 to September 8.
North America Rig Losses Continue
Tuesday, September 05, 2023North America dropped rigs again week on week.
Strategists Look at USA Oil Patch Labor Trends
Tuesday, September 05, 2023'Despite some softening in recent months, oilfield labor output is up sharply year on year'.
ERCOT Reorganizes Leadership
Tuesday, September 05, 2023The Electric Reliability Council of Texas has announced a 'strategic leadership reorganization'.
Can AI Predict the Oil Price?
Monday, September 04, 2023Artificial Intelligence (AI) can do many things, but can it predict the oil price?
North America Expected to Dominate LNG Liquefaction Capacity Additions
Monday, September 04, 2023'The U.S. will primarily drive the LNG liquefaction additions in North America through 2027'.
Market Watcher Flags Rising Iranian Oil Production
Monday, September 04, 2023One of Rigzone's regular market watchers takes a look at Iran's oil production, the state of U.S. crude stockpiles, OPEC plans, the oil price and more.
UK Gets New Sec of State for Energy Security and Net Zero
Friday, September 01, 2023Grant Shapps previously held the role.
Hurricane Idalia Restoration Efforts Continue
Friday, September 01, 2023'We continue to work day and night to restore power safely and as quickly as possible'.
USA Crude Oil Stocks Drop Over 10MM Barrels
Friday, September 01, 2023U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 10.6 million barrels.
Oil Price Calm Might Be Deceptive
Thursday, August 31, 2023'Low volatility coupled with difficulty in sustaining downwards momentum often signals an impending upside break'.
EPA Addresses Florida Fuel Supply Emergency Caused by Idalia
Thursday, August 31, 2023'The EPA and the Department of Energy have been actively monitoring the supply of fuel'.
Biden Admin Holds First Ever GOM Offshore Wind Energy Auction
Thursday, August 31, 2023Two lease areas offered did not receive bids.