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Saudi to Cut Output by 1MM BPD in Solo OPEC+ Move
Monday, June 05, 2023The extra cut in July takes Saudi Arabia's production to the lowest level for several years after a slide in crude prices.
UAE to Have Own Electrolyzer Production for Green Hydrogen
Monday, June 05, 2023ADNOC has entered a deal for the establishment of domestic electrolyzer manufacturing to produce green hydrogen.
UK Starts More Reforms to Speed Up Renewable Power Generation
Monday, June 05, 2023The UK's electricity system operator has initiated additional reforms to enable developers to build their own connections to the grid.
Data Science is the Future of Oil and Gas
Monday, June 05, 2023'Data science will increase the capability of oil and gas operations dramatically'.
Putin Gains Influence in Oil Rich Libya
Monday, June 05, 2023While the U.S. ponders whether to reopen its embassy in Libya, Vladimir Putin's new ambassador is preparing to take up his post in the capital.
North America Loses More Rigs
Monday, June 05, 2023North America dropped five more rigs week on week, according to Baker Hughes.
Aramco Holds Talks with Turkish Firms on $50B Planned Projects
Friday, June 02, 2023Aramco met with Turkish contractors to discuss $50 billion of potential projects in the Gulf kingdom.
India to Boost Renewables Capacity, Avoid New Coal Plants
Friday, June 02, 2023India plans no new coal power plants in the next five years.
Further OPEC+ Production Cuts Are Still on the Table
Friday, June 02, 2023'Macroeconomic headwinds are putting significant downward pressure on oil markets'.
Hourly Pay for Shale Workers Tops $43
Friday, June 02, 2023Wages for US oil workers climbed above $43 an hour for the first time ever.
Oil Rises to Settle Above $71
Friday, June 02, 2023Oil climbed alongside risk assets, with attention focusing on this weekend's OPEC+ meeting in Vienna.
Canada Government Ups Spending on Trans Mountain Pipeline
Thursday, June 01, 2023The additional support helps cover a 44 percent rise in expansion cost.
USA Grants $46MM for Commercial Fusion Development
Thursday, June 01, 2023The funding will help realize a “pilot-scale demonstration of fusion within a decade”.
APAC Oil and Gas Firms to Face Tougher Fundraising for New Projects: IEEFA
Thursday, June 01, 2023The IEEFA said more financial institutions are committing less funding for fossil fuel.
Exxon and Chevron Shareholders Reject Toughening Climate Goals
Thursday, June 01, 2023Roughly 90 percent of investors in North America's two largest oil producers shot down a proposal by environmental group Follow This.
Energy Groups React to Debt Ceiling Deal
Thursday, June 01, 2023The Energy Workforce and Technology Council and the American Petroleum Institute have their say.
Key Milestone Hit Towards Potential First Ever GOM Offshore Wind Lease Sale
Thursday, June 01, 2023BOEM described the move as a key milestone towards the potential first ever offshore wind lease sale in the GOM.
Oil Rises Alongside Equity Markets
Thursday, June 01, 2023Oil jumped alongside broader equity markets, with traders embracing risk assets and largely overlooking a bearish US stockpile report.
API Names New Policy Head
Wednesday, May 31, 2023New API policy chief Dustin Meyer said the world needs the USA to continue delivering oil and natural gas.
Junking New Coal Projects Less Costly than Retirement: Think-Tank
Wednesday, May 31, 2023Canceling coal projects in the pipeline presents a less expensive emissions reduction option compared to closing down operational coal plants.
Trade Sanctions on Russia Led to Rise in Dark Oil Ship Transfers: Report
Wednesday, May 31, 2023S&P Global data showed 215 tankers took part in 524 ship-to-ship transfers that were off the radar in the first quarter.
Which Generation Is Most in Demand in Oil, Gas Right Now?
Wednesday, May 31, 2023Baby Boomers, Gen X, Millennials, or Gen Z?
UN Starts Safer Supertanker Operation
Wednesday, May 31, 2023'This is a proud moment for the United Nations and for the UN Development Program'.
Oil Falls Amid Weak Economic Recovery in China
Wednesday, May 31, 2023Oil extended this week's decline as China's lackluster economic recovery outweighed an optimistic US jobs report.
Alternative Fuels Get Pole at Japan Endurance Race
Tuesday, May 30, 2023The next generation of so-called carbon-neutral fuels took the spotlight at the Super Taikyu Series.
Eni Enters Deal on Powering Maritime Transport with Biofuels
Tuesday, May 30, 2023The deal with RINA seeks to expand Eni's biofuels market in the maritime transport sector.
OPEC Backs UAE COP28 Presidency
Tuesday, May 30, 2023The OPEC sees “a COP of action and results”.
Commercial Buildings Could Revolutionize UK Solar Power
Tuesday, May 30, 2023The UK government has a target to increase solar capacity nearly fivefold to 70 Gigawatts by 2035.
Will the World Hit Net Zero by 2050?
Tuesday, May 30, 2023'We view the next decade as critical'.
Trudeau Faces Energy Battles
Tuesday, May 30, 2023Alberta Premier Danielle Smith and her United Conservative Party retained control of Canada's top oil-producing province in an election Monday.
Saudi Arabia Wants to Have Buses Running on Hydrogen Next Year
Tuesday, May 30, 2023Green hydrogen is still far more expensive than oil and natural gas.
NOAA Reveals Outlook for 2023 Atlantic Hurricane Season
Tuesday, May 30, 2023The National Oceanic and Atmospheric Administration has revealed its outlook for the 2023 Atlantic hurricane season.
Oil Plummets as Physical Market Shows Copious Supplies
Tuesday, May 30, 2023Oil fell below $70 as the physical market for crude signaled that supplies are more than adequate to meet tepid demand.
UK Opposition Reportedly Planning to Block Further North Sea Developments
Monday, May 29, 2023The Sunday Times reported the Labor Party would also propose limiting borrowing to green investment.
Fossil Fuel Supply Spending to Rise Six Percent in 2023: IEA
Monday, May 29, 2023Fossil fuel supply investments are set to rise to around $950 billion for 2023.
Canada Gas Output Rebounds as Wildfires Subside: S&P Global
Monday, May 29, 2023Canada's natural gas production bounced back to around 17.5 Bcfd as of last week.
Is There a Danger That Oil and Gas Runs out of Financing?
Monday, May 29, 2023Rigzone speaks to Citi's Global Head of Commodities Research and a Global Oil and Gas Strategist at Macquarie Group.
Analyst Flags USA-Made Oil, Gas Field Machinery Order Trend
Monday, May 29, 2023'Adjusting for inflation, the picture looks even bleaker'.
North America Rig Count Reduction Rumbles On
Monday, May 29, 2023North America dropped another seven rigs week on week.
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.
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.
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.
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.
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'.
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