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Top Headlines: What Will World Oil Demand Be in 2023?
Saturday, May 27, 2023Check out some of Rigzone's top stories during the last week.
Colombia Rethinking Fossil Fuel Exploration Ban: Minister
Friday, May 26, 2023“We'll certainly take measures to ensure environmental sustainability, but also economic sustainability.”
Riled on Nord Stream Probe, Russia Summons European Envoys
Friday, May 26, 2023Russia protested what it said was the refusal of Denmark, Germany and Sweden to let Moscow participate in investigations into the Nord Stream “sabotage".
UK Lowers Energy Ceiling Prices
Friday, May 26, 2023But the energy utility regulator warned many households could still struggle to pay bills.
Household Energy Prices Stagnate in Urban South Africa
Friday, May 26, 2023But the central bank raised its interest rate to a record to hold down stubbornly high overall consumer inflation.
Half of Oil and Gas Workers Find Their Work Exhausting
Friday, May 26, 2023Fifty percent of oil and gas workers are finding their work exhausting, according to O.C. Tanner's 2023 Global Culture Report.
China Solar Exports Grow to $52B
Friday, May 26, 2023China's solar exports grew 64 percent to $52 billion in 2022 despite global trade tensions, according to Wood Mackenzie.
For the Global Oil Market, Russia's Output Cut Isn't Happening
Friday, May 26, 2023Wherever you look outside of Russia, there is precious little sign of the oil production cut that President Vladimir Putin and other government officials say is underway.
Neptune Starts Production at Adorf Z17 Gas Well in Germany
Friday, May 26, 2023Neptune Energy has kick-started gas production from the Adorf Z17 gas well in Georgsdorf, Germany.
Saudi Arabia Snaps Up Russian Diesel and Sends Its Own to Europe
Friday, May 26, 2023Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows.
Aker BP Makes Significant Oil Find Offshore Norway
Friday, May 26, 2023Aker BP said the discovery enhances the resource base for the Yggdrasil development.
Oil Futures Settle on Second Weekly Gain
Friday, May 26, 2023Improving hopes for a USA debt limit deal bolstered prices on the week.
Colombia Gas Reserves at Record Low as Petro Pushes for Clean Energy
Thursday, May 25, 2023Oil reserves also dropped, putting pressure on the president to rethink his ban on new fossil fuel exploration.
UK Annual Household Energy Inflation Eased April
Thursday, May 25, 2023Household energy costs in the UK eased in the 12 months to April 2023 mainly due to lower gas prices.
LNG Terminals Expansion Needed to Hold Down Prices: IMF
Thursday, May 25, 2023The IMF said stabilizing LNG prices in the long term entails building more terminals to achieve market integration.
North Sea to See Record Strike Action in June
Thursday, May 25, 2023'The latest rounds of strike action in June will see the biggest group of offshore workers to date taking strike action'.
Dorian LPG Doubles Annual Profit
Thursday, May 25, 2023The gas carrier reported $172.44 million in net income for the 12 months to March 2023.
Machine Learning Has Potential to Transform Oil and Gas
Thursday, May 25, 2023'Machine learning is a rapidly growing field in the oil and gas industry'.
Adnoc Unit Gets $125B in Orders for $769MM IPO
Thursday, May 25, 2023Adnoc Logistics & Services drew orders worth $125 billion for its $769 million initial public offering in Abu Dhabi.
McDermott Secures Work at IOCL Panipat Refinery
Thursday, May 25, 2023McDermott has been hired to consult IOCL for the MAH unit job at the Panipat Refinery and Petrochemical Complex.
Aquaterra Scores Multi-Million Riser Deal With BP
Thursday, May 25, 2023Aquaterra Energy has secured a multi-million subsea riser contract with BP for a subsea well development project located in Trinidad and Tobago.
Who Is the Most Prolific Private Oil and Gas Producer in the USA?
Thursday, May 25, 2023Enverus Intelligence Research has released a list of 'the most prolific 100 private oil and gas producers in the U.S.'.
Longest Serving Chairman in Oil Gets 4 More Years
Thursday, May 25, 2023Brufau was reelected by a majority of votes at the Madrid-based oil producer's annual shareholders meeting on Thursday.
Oil Falls as Russia Negates Production Cut Notion
Thursday, May 25, 2023Oil fell the most since early May after Russia downplayed the likelihood of another OPEC+ production cut.
Intensity of US Oil, Gas Methane Emissions Down: Report
Wednesday, May 24, 2023The intensity of methane emissions from oil and gas production in the USA reportedly fell 28 percent between 2019 and 2021.
USA Extends Wind-Down Window for Companies with Venezuela Assets
Wednesday, May 24, 2023Baker Hughes, Halliburton, Schlumberger and Weatherford have until November 19 to wind down their business in Venezuela.
ExxonMobil Sells Williston Assets
Wednesday, May 24, 2023Chord's acquisition totals $375 million.
TotalEnergies Acquires Biogas Stake
Wednesday, May 24, 2023TotalEnergies bought a 20 percent interest in Ductor.
Speculative Positioning in Crude Back to March Bearish Extreme
Wednesday, May 24, 2023'Speculative short positions have increased by 123.9 million barrels over the past four weeks, the largest four-week rise since November 2018'.
Russia Agrees to Extend Black Sea Grain Deal
Wednesday, May 24, 2023Russia has agreed to extend the Black Sea Grain deal for a further 60 days.
PM Says Bangladesh Will Buy Oil at a Comfortable Price
Wednesday, May 24, 2023Bangladesh will buy oil from whoever gives a 'comfortable price', Prime Minister Sheikh Hasina said.
TotalEnergies, Africa Oil Exit Kenya Oil Project, Tullow Left All Alone
Wednesday, May 24, 2023TotalEnergies and Africa Oil have decided to withdraw from Tullow's oil project in Kenya's South Lokichar Basin.
Trollvind Offshore Wind Project Postponed Indefinitely
Wednesday, May 24, 2023Equinor has decided to postpone further development of the Trollvind offshore wind initiative indefinitely.
UAE Energy Cos Award Sustainable Water Project Worth up to $2.4B
Wednesday, May 24, 2023The project will deliver more than 110 million imperial gallons per day of nano filtered seawater.
What a Dark Fleet Tanker Looks Like
Wednesday, May 24, 2023Insufficient documentation, safety lapses and murky backgrounds are all too typical of so-called dark-fleet tankers that have proliferated since Russia's invasion of Ukraine.
Oil Extends Rally Led by Saudi Warning
Wednesday, May 24, 2023Oil rose for a third day as a bullish US stockpile report propelled a rally led by Saudi Arabia's warning to short sellers.
Nigeria Hopes New Refinery Will Cut $26B Import Bill
Tuesday, May 23, 2023Nigeria is banking on the giant refinery to pay down $26 billion in dues for imported oil products and fertilizer.
Shell Raises Australian Gas Purchase
Tuesday, May 23, 2023Shell has raised its gas purchase from Denison Gas Ltd. to 5.503 petajoules a day.
Sinopec Enters Sri Lanka Retail Fuel Market
Tuesday, May 23, 2023Sri Lanka signed a deal with Sinopec adding it to the energy-starved country's retail fuel suppliers.
Navigator Posts $18.8MM Quarterly Profit Supported by USA Gas Exports
Tuesday, May 23, 2023Navigator Holdings benefited from sustained momentum in ethylene and LPG shipments from the USA.
Most of North America at Risk of Energy Shortfalls This Summer
Tuesday, May 23, 2023Two thirds of North America is at risk of energy shortfalls this summer, NERC has revealed.
Where Will WTI Oil Price Land This Year?
Tuesday, May 23, 2023Rigzone looks at recent EIA, Standard Chartered, and BMI projections.
Total Mozambique Funding Signals Possible LNG Project Restart
Tuesday, May 23, 2023TotalEnergies SE and partners in a liquefied natural gas project in Mozambique agreed to plow millions of dollars into the local economy.
Scotland Taps AI To Accelerate Green Hydrogen Production
Tuesday, May 23, 2023A new project aims to use AI to accelerate hydrogen production in Scotland.
ICR Bags Seven-Figure Deal for Adnoc Oil and Gas Fields
Tuesday, May 23, 2023ICR Integrity has announced the award of a seven-figure contract with Adnoc Offshore.
Qatar Warns Europe of Gas Shortages
Tuesday, May 23, 2023Qatar warned that governments' energy-transition policies will discourage investment in fossil fuels.
PDC Energy Deal Makes Chevron Even More Formidable in Colorado
Tuesday, May 23, 2023Monday morning provided some corporate M&A fireworks.
Oil Rises as Traders Assess Saudi Minister Warning
Tuesday, May 23, 2023Oil rose to near $73 as traders evaluated a warning from Saudi Energy Minister Prince Abdulaziz bin Salman to short-sellers, offsetting a lack of tangible progress in US debt-limit talks.
Outages Hit Canada Oil Supply as Alberta Wildfires Persist
Monday, May 22, 2023Disruptions to oil and gas production induced by Alberta's wildfires have buyers facing supply cuts.
Russia Reportedly Delivering Nearly 1.44 Bcf of Gas a Day via Ukraine
Monday, May 22, 2023Russia's gas deliveries to western and central Europe have reportedly been averaging nearly 1.44 Bcf per day.
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