Oil & Gas News

Fed Will Be One Of The Leading Oil Price Drivers in 2023

Industry Headlines

USA Drops Rigs
Monday, February 06, 2023The U.S. dropped 12 rigs week on week.

Oil Market Is In A State of Flux
Monday, February 06, 2023One of Rigzone's regular energy prognosticators takes a look at U.S. Energy Information Administration data, trader reaction, and what's needed to get Brent to the $90 mark.

US Oilfield Services Firms Money Policy Could Hinder Industry Growth
Monday, February 06, 2023Like E&Ps, oilfield services firms are prioritizing cash generation and distributions to shareholders creating a constraint on the industry's growth.

Modi Says India Can Add Oil and Gas While It Chases Green Goal
Monday, February 06, 2023India is planning for an expansion of its oil and gas sectors even as it aims to hit net-zero by 2070.

Next Steps Following US Pacific Wind Leasing Round
Monday, February 06, 2023California held its first offshore wind leasing round in December, but prices paid in the round came nowhere close to the New York Bight lease round.

Fed Will Be One Of The Leading Oil Price Drivers in 2023
Monday, February 06, 2023The Federal Reserve will be one of the leading oil price drivers this year, according to Stephen Brennock, an oil analyst at PVM Oil Associates.

Oil Posts Second Weekly Loss as Stockpiles Swell
Friday, February 03, 2023Oil tumbled to the lowest levels since early January as long-term headwinds overwhelmed the positive sentiment from a strong US jobs report.



New Discoveries Make 2022 Highest Value Year In Over A Decade
Tuesday, January 31, 2023New global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade with major discoveries in Namibia, Brazil, and Algeria leading the way.

Trinity To Spud Jacobin Well In Second Quarter Of 2023
Friday, January 27, 2023Trinity Exploration & Production has made the decision to drill the Jacobin well in the second quarter of 2023.

Neptune Spuds One More Adorf Gas Production Well
Wednesday, January 25, 2023Neptune Energy has begun drilling at its operated Adorf Z18 gas production well in the municipality of Georgsdorf in northwestern Germany.

Norway To Offer More Acreage In Next Licensing Round
Wednesday, January 25, 2023The Norwegian Ministry of Petroleum and Energy has sent a proposal for the announcement of the APA 2023 licensing round.

Zephyr Hits More Hydrocarbons In Paradox Basin
Friday, January 20, 2023Zephyr Energy has come across a significant influx of hydrocarbons at the State 36-2 LNW-CC well at the company's flagship project in the Paradox Basin, Utah, U.S.

Three60 Contracted To Help Isle Of Man Reach Energy Independence
Thursday, January 19, 2023Three60 Energy has secured a significant drilling contract with Crogga Limited to help the Isle of Man achieve energy independence.



Plenitude Starts Production From Texas Solar Project
Monday, February 06, 2023Plenitude began production at the 263 MW Golden Buckle Solar Project in Brazoria County, Texas, USA.

Lukoil Hits 50 Million Tons Of Hydrocarbon Production In Caspian Sea
Friday, February 03, 2023Lukoil has reached 50 million tons of liquid hydrocarbon production in the Russian sector of the Caspian Sea.

Petrobras Exceeds Production Target For 2022
Tuesday, January 31, 2023Brazilian state-owned oil and gas firm Petrobras has exceeded the oil and natural gas production target for 2022.

OPEC+ Delegates Expect Committee to Recommend Steady Output
Wednesday, January 25, 2023Saudi Arabia and its partners will hold a review of output levels on February 1.

COPL Starts Oil Production At Cole Creek Unit In Wyoming
Tuesday, January 24, 2023COPL has started oil production from the Frontier 1 sands at its 100 percent-owned and operated Cole Creek Unit in Wyoming.

Wressle Surpassing Expectations
Wednesday, January 18, 2023Wressle oil field has continued to perform beyond expectations, generating high production and revenues.


Finance and Investing

Saudi Arabia Unexpectedly Raises Oil Prices for Next Month
Monday, February 06, 2023Many OPEC members have sounded bullish about China.

Australian Budget Must Focus On New Gas Supply, Industry Says
Monday, February 06, 2023Australia's oil and gas industry has urged the Federal Government to use the 2023-24 Budget to encourage investment in new gas supply and emissions reduction measures.

Stock Buybacks Race To Record $132 Billion Start
Friday, February 03, 2023In the first month of 2023, announced buybacks more than tripled to $132Bn from a year ago, reaching the highest total ever to start a year.

Shell Posts Record 2022 Profit
Thursday, February 02, 2023Shell's integrated gas unit was firing on all cylinders in the final quarter.

Big Oil Shareholders Biggest 2022 Winners With Massive Payouts
Thursday, February 02, 2023For every $1 extra operating cash flow in the first nine months of 2022, $0.44 went on dividends and share buy-backs.

US DOE Provides Funds For Affordable Clean Hydrogen Technologies
Wednesday, February 01, 2023The U.S. Department of Energy has announced up to $47M in funding to accelerate RD&D of affordable clean hydrogen technologies.

Samsung Engineering Posts Highest Financial Figures Since 2012
Wednesday, February 01, 2023Samsung Engineering has ended the year 2022 on a high, posting the highest figures since 2012.


Company Operations

Woodside To Pick Development Concept For Timor-Leste Gas Project
Monday, February 06, 2023Woodside Energy and its partners have agreed to quickly begin a concept select program for the Greater Sunrise natural gas project off Timor-Leste.

Jumbo Completes Installation Works For Technip FMC
Monday, February 06, 2023Jumbo Offshore has completed the transportation and wet storage of a riser caisson for Technip FMC.

Oil And Gas Firms Need To Accelerate Shift To Low Carbon Energy
Friday, February 03, 2023OEUK urges the oil and gas industry to do more on helping create the UK's low-carbon future energy systems.

Rovco Gets New Head Of Geoscience
Friday, February 03, 2023Rovco has strengthened its senior leadership team with the appointment of Graham Bell as Head of Geoscience.

TotalEnergies, Air Liquide To Make Heavy-Duty Hydrogen Stations
Friday, February 03, 2023TotalEnergies and Air Liquide created a joint venture to develop a network of hydrogen stations for European heavy-duty vehicles.

Capricorn Reshapes Its Board of Directors
Friday, February 03, 2023Capricorn energy has made a raft of new appointments to its board of directors following the company's General Meeting.

NSTA's Energy Pathfinder Proving Its Worth
Friday, February 03, 2023Energy Pathfinder continues to bring business opportunities in the North Sea closer to the growing base of subscribers.