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Texas RRC Tightens Permitting Rules for Permian Disposal Wells
The new regulations are designed to help ensure injected fluids stay contained within disposal formations, thereby protecting ground and surface freshwater.
8:43 AM EST | May 20, 2025
Analyst Says Trump Essentially Walked Away from Russia-Ukraine War
'What this means for the oil price is rather foggy', said Bjarne Schieldrop, Chief Commodities Analyst at SEB.
8:42 AM EST | May 20, 2025
Valeura Energy Makes FID on Wassana Field in Gulf of Thailand
The redevelopment of the Wassana field will be done through a new-build central processing platform to optimize full block potential.
8:00 AM EST | May 20, 2025
USA Energy Consumption Will Grow in 2025
U.S. energy consumption will grow this year, the U.S. Energy Information Administration projected in its latest short term energy outlook.
7:18 AM EST | May 20, 2025
ADNOC Gas to Join MSCI Emerging Markets Index
'The development is set to increase the Company's visibility among international institutional investors'.
6:27 AM EST | May 20, 2025
UK, EU Agree to Link Carbon Markets in Post-Brexit Reset
The move comes as part of Monday's UK-EU summit.
4:56 AM EST | May 20, 2025
Russia Detains Oil Tanker That Left Estonia, Report Says
The vessel is owned by Aegean Shipping of Greece and carrying shale oil on board.
4:30 AM EST | May 20, 2025
Eni in Talks to Sell 20 Percent of RE Unit to Ares
The potential sale places an equity value of EUR 9.8 billion to EUR 10.2 billion on Plenitude, 'corresponding to an enterprise value of more than EUR 12 billion'.
3:00 AM EST | May 20, 2025
Taiwan Seeks LNG Cargoes after Shutting Last Nuclear Reactor
Taiwan is seeking LNG shipments following the shutdown of its last nuclear reactor, a move that will increase the island's reliance on the seaborne fuel.
2:30 AM EST | May 20, 2025
EOG Secures Oil Acreage in Abu Dhabi
The U.S. company has been awarded Unconventional Onshore Block 3, located in an oil-prone basin in the Al Dhafra region.
2:30 AM EST | May 20, 2025
India Readies Gas Power Fleet to Prevent Summer Blackouts
Electricity demand in the country has outpaced generation growth, resulting in shortages when consumption surges.
4:00 PM EST | May 19, 2025
Oil Ends Higher After Volatile Day
Uncertainty over sanctions on Iran and Russia kept markets volatile despite modest gains.
3:48 PM EST | May 19, 2025
South Bow Sees Sequential Rise in Earnings
Net income was $88 million, up from $55 million for the prior quarter.
10:30 AM EST | May 19, 2025
North America Adds Rigs for First Time in Months
North America added five rigs week on week, according to Baker Hughes' latest North America rotary rig count.
10:24 AM EST | May 19, 2025
Venture Global Exported Record LNG in Q1
Venture Global exported 233.6 TBtu of LNG in Q1.
10:01 AM EST | May 19, 2025
Weatherford Enters into Collaboration with Amazon Web Services
As part of the collaboration, Weatherford will have AWS as its preferred cloud provider and will migrate its software and hardware suite to AWS.
9:00 AM EST | May 19, 2025
Africa Oil Corp Announces New Brand Identity
Africa Oil Corp. announced a new brand identity with a change of name.
8:45 AM EST | May 19, 2025
ADNOC Signs Agreements for Potential $60B of USA Investments
The agreements were made during the UAE-US business dialogue with President Donald Trump.
8:00 AM EST | May 19, 2025
Strathcona Bares Unsolicited Bid for MEG, Sells Montney Assets
Strathcona entered into definitive deals to divest 'substantially all of its Montney assets' for about $2.04 billion, as it prepares to make a hostile bid to take over fellow Canadian thermal oil producer MEG.
7:14 AM EST | May 19, 2025
Spain Boosts Costlier Gas Power to Secure Grid After Blackout
Spain is boosting generation from costlier gas-fired power plants in the wake of a nationwide blackout.
7:06 AM EST | May 19, 2025
OPEC+ Did Not Lift Production to Kill the Oil Price, SEB Says
'There is no sign of a blasting price war emerging between OPEC+ and U.S. shale oil producers', SEB Chief Commodities Analyst Bjarne Schieldrop said.
5:36 AM EST | May 19, 2025
ADNOC Acquires Stake in Turkmenistan Block
ADNOC's XRG acquired a 38 percent stake in the Petronas-operated Block I gas and condensate fields on Turkmenistan's side of the Caspian Sea.
4:40 AM EST | May 19, 2025
Nigeria Remains Top Recipient of Shell Payments to Governments
Nigeria received $3.8 billion in production entitlements.
2:52 AM EST | May 19, 2025
China Fossil Fuels Production Retreats from Record Levels
Chinese fossil fuels output fell in April from the record levels hit in the prior month, although gas, oil and coal increased compared to the previous year.
2:30 AM EST | May 19, 2025
Tamboran Prepares for Major Drilling in Beetaloo Basin
'Having successfully raised funding to progress drilling activity in the Beetaloo Basin, we are focused on delivering the largest single drilling campaign in the region to date'.
2:30 AM EST | May 19, 2025
Malaysia Committed to 2025 Petrol Subsidy Cut But No Fixed Date
Malaysia is committed to reducing petrol subsidies in the second half of the year and is refining its plan as U.S. tariffs darken the economic outlook.
8:00 AM EST | May 18, 2025
Trump Targets Billions in Energy Grants for New Round of Audits
Energy Secretary Chris Wright is ordering the stepped-up scrutiny.
8:00 AM EST | May 17, 2025
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade.
4:00 PM EST | May 16, 2025
Oil Rises as Iran Talks Stall
Oil prices rose after Iran downplayed progress in nuclear talks with the US.
3:49 PM EST | May 16, 2025
Phillips 66 Sells Majority Stake in German, Austrian Retail Unit
Phillips 66 will retain a non-operated 35 percent stake and continue supplying the retail sites through a German refinery.
11:17 AM EST | May 16, 2025
Natural Gas Retreats Amid Repeated Substantial Injections, EBW Analyst Says
'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.
10:50 AM EST | May 16, 2025
Company Founded by Trump's Energy Chief Predicts a Shale Slowdown
Liberty Energy Inc., the oil services company founded by U.S. Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year.
9:30 AM EST | May 16, 2025
DOE Cuts Off $89MM Harvard Grant amid Stand-Off with Trump
Harvard lost about $89 million more in federal funding, this time from the DOE, as the university defies demands from the Trump administration over its purported inaction on campus antisemitism.
8:11 AM EST | May 16, 2025
USA Crude Oil Inventories Rise by 3.5MM Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 441.8 million barrels on May 9, the EIA's latest weekly petroleum status report showed.
7:33 AM EST | May 16, 2025
Legislation for Great British Energy Passes Through Parliament
'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
5:09 AM EST | May 16, 2025
First Nations to Acquire Stake in Enbridge's BC Pipeline
Enbridge and a partnership of 36 BC First Nations inked a deal for the Indigenous groups to acquire a 12.5 percent ownership in a 3.6-Bcfd natural gas pipeline.
3:57 AM EST | May 16, 2025
Philippines Charts Ambitious Plan to Export Green Power
'It's not only Taiwan that has approached us but other countries in anticipation of excess capacity in renewable energy'.
2:30 AM EST | May 16, 2025
Eni Starts Gas Production in Merakes East offshore Indonesia
Eni expects the field to deliver net gas production of 100 MMscfd or about 18,000 boed.
2:09 AM EST | May 16, 2025
IEA Says Global Oil Demand Growth to Slow For Rest of 2025
Faltering consumption threatens a further blow to oil prices.
5:00 PM EST | May 15, 2025
Oil Slips as Trump Eyes Iran Deal
Demand concerns and rising OPEC+ output continue to pressure prices.
3:50 PM EST | May 15, 2025
Kimmeridge, Mubadala to Grow Gas Cooperation
Kimmeridge concurrently announced its expansion into the Middle East with the launch of an office in Abu Dhabi's financial center.
11:10 AM EST | May 15, 2025
Baltic Neighbors Renew Commitment to EU Energy Integration
The European Commission and the Baltic Energy Market Interconnection Plan group signed a new MOU to intensify efforts to create a more unified energy market.
10:49 AM EST | May 15, 2025
EIA Raises USA Diesel Price Forecasts
In its latest short term energy outlook, the EIA raised its U.S. on-highway diesel fuel price forecast for 2025 and 2026.
10:44 AM EST | May 15, 2025
Russia Oil Export Revenue at Lowest Since 2023 as Prices Slump
The price of the Brent benchmark is more than 14 percent down so far this year.
8:33 AM EST | May 15, 2025
Oil Prices Have Risen Strongly Over the Past Week
Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.
8:04 AM EST | May 15, 2025
INEOS Declares Milestone for Europe with Launch of CO2 Carrier
INEOS and its Project Greensand partners expect the ship and the other CCS components to become fully operational by the end of 2025 or early 2026.
6:35 AM EST | May 15, 2025
Why Is the Oil Price Dropping Today?
Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.
6:33 AM EST | May 15, 2025
Aramco Pens $90B Deals with US Companies
Aramco signed agreements spanning its operations from refining and LNG to AI with U.S. companies.
5:03 AM EST | May 15, 2025
OPEC+ Makes Careful Start to Supply Revival
OPEC+ nations made a careful start to their long-awaited oil production revival in April, ahead of the group's plans for a much quicker surge in output in the coming months.
3:03 AM EST | May 15, 2025
Nigeria Says Exxon Commits $1.5B to Deepwater Development
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa's top producer looks to boost output, according to the nation's regulator.
4:00 PM EST | May 14, 2025
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