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Crude Rebounds Over 11% from Lows
Oil jumped nearly 3% as Trump threatened new sanctions on Iranian crude exports.
3:50 PM EST | May 13, 2025
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts
The incentives put in place by former President Joe Biden's signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump's tax cuts.
11:20 AM EST | May 13, 2025
Macquarie Strategists Forecast 7.6MM Barrel USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9.
11:08 AM EST | May 13, 2025
Intel Certifies Shell Lubricant for Cooling AI Data Centers
So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power.
10:11 AM EST | May 13, 2025
NRG to Acquire Gas Generation Plants, VPP from LS Power for $12B
'The acquisition will double NRG's generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated'.
10:05 AM EST | May 13, 2025
Aspen Wind Project in UK North Sea Pledges over 1,000 Jobs
Cerulean Winds signed a charter on Monday confirming more than 1,000 jobs including 100 apprenticeships in the Aspen wind project on the UK side of the North Sea.
9:07 AM EST | May 13, 2025
Canadian Natural Q1 Earnings Beats Estimates on Record Production
The company said it posted a record quarterly average production in the first quarter of around 1.6 million barrels of oil equivalent per day (boepd).
9:00 AM EST | May 13, 2025
Tourmaline Signs Two Acquisition Deals for NEBC Montney Assets
The two transactions will add approximately 20,000 barrels of oil equivalent (boepd) of current production.
8:00 AM EST | May 13, 2025
President Trump Visits Saudi Arabia
'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.
7:07 AM EST | May 13, 2025
North America Loses Rigs for 10 Straight Weeks
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
6:17 AM EST | May 13, 2025
Eni Offers $1B Bond
Eni returned to the U.S. bond market with the 10-year offering.
4:57 AM EST | May 13, 2025
Petrobras to Pay $2.1 Billion in Dividends
The Brazilian state-controlled oil producer approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
2:30 AM EST | May 13, 2025
Oil Prices Rise on Eased Trade Tensions
Analysts indicate the truce removed $3–$5 of downside from oil prices.
4:16 PM EST | May 12, 2025
Equinor Weighs Killing NY Wind Farm After White House Visit
A termination would cause the company to lose much of its $2.7 billion investment on the project.
4:00 PM EST | May 12, 2025
USA EIA Cuts Henry Hub Natural Gas Price Forecast for 2025
The U.S. Energy Information Administration has reduced its Henry Hub natural gas spot price forecast for 2025 in its latest short term energy outlook.
10:33 AM EST | May 12, 2025
APA to Slow Down Activity amid Price Volatility
APA said it is lowering its 2025 spending plan by $175 million to protect cash flow amid uncertainty in commodity prices.
9:16 AM EST | May 12, 2025
Shell's LNG Canada Plans First Exports as Soon as Late June
Shell Plc's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June.
8:59 AM EST | May 12, 2025
Murphy Discovers More Oil in Cuu Long Basin offshore Vietnam
'The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.
8:04 AM EST | May 12, 2025
Alliance Energy Acquires 18 Propane Terminals from NGL Energy
The propane terminals are strategically located across multiple regions.
8:00 AM EST | May 12, 2025
Constructive USA-China Tone Lifts Market Sentiment
Crude oil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.
7:00 AM EST | May 12, 2025
WhiteHawk Energy to Acquire PHX Minerals for $187MM
WhiteHawk will add approximately 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale.
7:00 AM EST | May 12, 2025
JP Morgan Says Oil Demand in Early May 'Indicates Tepid YoY Growth'
'We anticipate that oil demand will likely improve in the coming weeks', analysts at J.P. Morgan said.
5:32 AM EST | May 12, 2025
Alliant Energy Profit Beats Expectations
Alliant Energy posted $213 million in net income for Q1, up from $158 million for the same three-month period last year as power and gas utility revenue rose.
4:08 AM EST | May 12, 2025
Iberdrola Sells UK Smart Metering Unit to Macquarie
Iberdrola inked a deal to divest SPSMAL to Macquarie for about $1.2 billion.
2:40 AM EST | May 12, 2025
Aramco Profit Drops with Weak Oil Signaling More Strain
Q1 net profit slipped 4.6 percent to 97.5 billion riyals ($26 billion).
2:30 AM EST | May 12, 2025
LandBridge Posts Higher Revenue
LandBridge reported $44 million in revenue for Q1.
7:00 AM EST | May 11, 2025
Adnoc Drilling CFO Sees $500MM of Acquisitions This Year
The drilling unit of the United Arab Emirates' biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million.
8:00 AM EST | May 10, 2025
Oman Said to Consider Selling Stake in $8B Gas Fields
Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan.
4:00 PM EST | May 09, 2025
WTI Tops $61 on Trade Hopes
Oil rose as short sellers exited and optimism grew ahead of US–China trade talks.
3:33 PM EST | May 09, 2025
ConocoPhillips Sells $1.3B Worth of Assets
These count toward a divestiture goal of $2 billion that the oil and gas major expects to complete in the first half of 2025.
11:01 AM EST | May 09, 2025
USA EIA Lowers WTI Oil Price Forecasts
The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.
10:38 AM EST | May 09, 2025
Occidental Completes $1.3B Sale of DJ Basin, Permian Assets
Proceeds helped the hydrocarbons and chemicals producer repay $2.3 billion of debt.
10:30 AM EST | May 09, 2025
Ukrainian Parliament Ratifies Natural Resources Deal With USA
Ukraine's parliament ratified a deal with the U.S. over access to the country's natural resources.
9:00 AM EST | May 09, 2025
Chevron Reveals Q1 Net Oil Equivalent Production Level
'U.S. net oil-equivalent production was up 63,000 barrels per day from a year earlier', Chevron noted.
7:25 AM EST | May 09, 2025
Suncor Profit Up on Record Refining Sales
The Calgary-based oil sands developer, which also explores for and produces oil and gas offshore, produced 853,200 bpd upstream and sold 604,900 bpd of refined products in Q1.
6:48 AM EST | May 09, 2025
CIP to Invest $500 Million in BKV CCUS Projects
BKV and CIP agreed to form a JV on carbon capture, utilization and storage in the U.S.
4:42 AM EST | May 09, 2025
USA Crude Oil Inventories Drop Week on Week
Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed.
4:22 AM EST | May 09, 2025
Oceaneering Secures Multi-Year GTA Job from BP
The contract includes the provision of subsea inspection, maintenance, and repair services and remotely operated vehicle services, as well as management, engineering, and integration services.
3:15 AM EST | May 09, 2025
China Teapots Make Rare Murban Oil Purchases
'With healthy simple margins, independent refineries in China are taking this opportunity to buy incremental crude to increase run rates'.
2:39 AM EST | May 09, 2025
Indian LNG Buyers Embrace USA Benchmark to Balance Volatility
Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the U.S. price benchmark.
4:00 PM EST | May 08, 2025
Oil Gains 3% as Trade Hopes Rise
Falling US inventories and bullish options activity provided further support for oil prices.
3:48 PM EST | May 08, 2025
Devon Sells Stake in Permian Gas Pipeline
Devon and Ridgemont are divesting their interests in a natural gas pipeline serving the Permian Basin with a capacity of about 2.5 Bcfd.
11:38 AM EST | May 08, 2025
Permian Resources to Acquire APA Delaware Basin Assets for $608MM
Midland, Texas-based oil and gas developer Permian Resources expects the acquisition to add about 12,000 boed in Q2.
11:32 AM EST | May 08, 2025
EIA Cuts 2025 and 2026 Brent Oil Price Forecast
The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook.
10:25 AM EST | May 08, 2025
BP-Shell Megadeal Would Create European Rival to Exxon Mobil
If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history.
10:09 AM EST | May 08, 2025
Shell Dutch Wind Farm Gets New Lease on Life with Google Deal
'We purchased 100 percent of the wind farm's 108-megawatt capacity, which enabled Shell to pursue permit extensions and invest in crucial upgrades'.
8:02 AM EST | May 08, 2025
Woodfibre LNG to Add 900 Staff, Applies for Second Housing Floatel
The application seeks regulatory approval to moor a second floatel adjacent to the current floatel, the MV Isabelle X, to add approximately 900 employees to the construction project.
8:00 AM EST | May 08, 2025
Standard Chartered Says OPEC+ Policy 'Explained by 2 Main Factors'
It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of changes in OPEC+ policy, analysts at Standard Chartered Bank said.
7:47 AM EST | May 08, 2025
Harbour Energy Expects to Cut Around 250 Jobs
Harbour Energy has told Rigzone that it expects to cut around 250 jobs.
5:47 AM EST | May 08, 2025
Marubeni to Invest in ExxonMobil Ammonia Project in Texas
The Japanese diversified company also agreed to buy about 250,000 metric tons a year of ammonia from the planned project.
5:41 AM EST | May 08, 2025
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