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Market Searching for Coherent Direction
Monday, May 16, 2022Rigzone's regular energy prognosticators take a look at public policy's role in energy markets, the war in Ukraine, LNG shipments and more.
Edison Chouest Offshore Tagged For Empire Wind SOV Charter
Monday, May 16, 2022Empire Offshore Wind, a joint venture between Equinor and BP, has awarded a long-term service operations vessel charter agreement to Edison Chouest Offshore.
NSTA Announces Corporate Plan For 2022-2027
Monday, May 16, 2022The North Sea Transition Authority has published its Corporate Plan, outlining its priority areas for the next five years.
No Offshore Oil Auctions Devastating To Americans, NOIA Says
Monday, May 16, 2022NOIA President Erik Milito has issued a response to the decision not to move forward with planned GoM and Alaska oil and gas lease sales.
Germany to Stop Russian Oil Imports
Monday, May 16, 2022Germany plans to stop importing Russian oil by the end of the year.
UK Activists Stop Russian Tanker With $36.5M Of Diesel
Monday, May 16, 2022Greenpeace activists have stopped a tanker carrying 33,000 tons of Russian diesel worth an estimated $36.5 million from docking in Essex.
Peterhead Carbon Solution To Provide $1.5Bn To UK Economy
Monday, May 16, 2022A planned power station with a CCS solution at SSE Thermal's Peterhead site could generate around $1.5Bn to the UK throughout its lifetime.
Scottish Renewables Partnership Enters 10th Year
Monday, May 16, 2022The Technology and Innovation Centre's Scottish Low Carbon Power and Energy Partnership, a research program funded by ScottishPower and SSE, has entered its tenth year.
Neptune Energy Posts First Quarter Profit Jump
Monday, May 16, 2022Neptune Energy posted a significant jump in financial figures with net profit increasing more than six times in the first quarter of 2022, compared to Q1 2021.
Henry Hub Price Expected to Average $8.69 in 3Q
Monday, May 16, 2022The EIA's newest Henry Hub forecasts mark a notable increase to the organization's previous projections.
Aramco Sets New Quarterly Earnings Record
Monday, May 16, 2022Saudi Aramco revealed that it set a new quarterly earnings record.
USA Adds Flurry of Rigs
Monday, May 16, 2022The U.S. added nine rigs week on week, according to Baker Hughes.
The US Cannot Make Enough Fuel
Monday, May 16, 2022More than 1 million barrels a day of the country's oil refining capacity has shut since the beginning of the pandemic.
Chevron, Pertamina Partner On Lower Carbon Opportunities
Monday, May 16, 2022Chevron has announced a partnership to explore potential lower carbon business opportunities in Indonesia with Pertamina.
Euro Area Would Barely Grow If Russian Gas Cut Off
Monday, May 16, 2022The euro area's pandemic recovery would almost grind to a halt.
Oil Rallies to March highs as Fuel Markets Intensify
Monday, May 16, 2022Oil rallied above $114 as a global squeeze on refined products prompted concerns about summertime supplies and continued to pull fuel prices higher.
Oil And Gas Climate Policies Still Too Hot For The Planet
Sunday, May 15, 2022According to a new analysis by the Carbon Tracker Initiative, the oil and gas industry is utterly without standardized policies shaped by climate science.
Ban on Excessive Gasoline Prices Heading for Vote
Sunday, May 15, 2022The US Congress will vote next week on legislation.
California $19Bn Carbon Market Not Good Enough To Curb Emissions
Saturday, May 14, 2022California's carbon market was supposed to be a model for the US, harnessing the power of capitalism to fight climate change in the world's fifth-biggest economy.
Top Headlines: Massive Heerema Thialf Vessel To Start Kinsale Head Removal
Saturday, May 14, 2022Check out some of Rigzone's top stories this week.
Eni Making Progress On Sustainability Goals
Friday, May 13, 2022Eni has published the 16th voluntary sustainability report that outlines the company's contribution and objectives for a just transition.
This Is Where the Oil Price Would Be Without the War
Friday, May 13, 2022The price of crude oil would be very different, a new report has outlined.
Petronas Signs Deal For 1 MTPA Of LNG From Venture Global
Friday, May 13, 2022Petronas has announced the execution of a new 20-year SPA for the purchase of 1 MTPA of LNG from Venture Global's Plaquemines LNG facility.
Europe Looks To Africa For More Gas As E&P Reconsiders Projects
Friday, May 13, 2022Africa is conservatively forecast to reach peak gas production at 470 bcm by the late 2030s, equivalent to 75% of the expected amount of gas produced by Russia in 2022.
BP Shareholders Retreating From Paris Alignment, Follow This Says
Friday, May 13, 2022Follow This stated that the fight against the climate crisis lost some of its momentum at BP with support for Paris climate targets dropping to 15 pct, down from 21 pct in 2021.
Gasunie Ties NFE's FSRU For Eemshaven Import Facility
Friday, May 13, 2022Gasunie has signed a lease with New Fortress Energy for a floating storage and regasification unit (FSRU) to be located in Eemshaven.
The $12.5B Pemex Dos Bocas Refinery Just Got More Expensive
Friday, May 13, 2022The plant has been beset with delays and ballooning costs since it was announced.
NSTA Supports Reduction Of Subsea Decom Costs In North Sea
Friday, May 13, 2022NSTA will provide support to companies operating in the North Sea to cut subsea decommissioning costs through a new program.
Odfjell Drilling Becomes Operator Of Another Seadrill Rig
Friday, May 13, 2022Odfjell Drilling has agreed with SFL Corporation to provide marketing and management services for the West Hercules rig.
No Biden Band Aid Would Have Kept Balances Tight
Friday, May 13, 2022On March 31, a White House fact sheet outlined that Biden would be announcing 'the largest release of oil reserves in history'.
Oil Stays on Rollercoaster Ride
Friday, May 13, 2022Rigzone's regular market watchers focus on oil's rollercoaster ride, commercial crude stocks, gasoline prices and more.
Equinor Enters 10-Year Collaboration Agreement With Aibel
Friday, May 13, 2022Equinor has entered into a ten-year strategic collaboration agreement with the offshore engineering and construction firm Aibel.
Aramco Overtakes Apple
Friday, May 13, 2022Saudi Aramco has become the largest company by market cap, according to companiesmarketcap.com.
Big Drop in Russia Diesel Exports
Friday, May 13, 2022Diesel exports from Russia fell sharply.
Sabic Sees Profit Hit by Costs
Friday, May 13, 2022The company is controlled by oil giant Saudi Aramco.
Oil Up as Refining Restraints Boost Fuel Prices
Friday, May 13, 2022Oil climbed as a global squeeze on refined products continued to pull fuel prices higher with Russian diesel exports falling sharply.
Dryad Highlights Trouble in Black Sea
Thursday, May 12, 2022A country report published by the IEA outlines that the Black Sea-Sea of Azov region in the south is one of three regions where hydrocarbon resources in Ukraine are concentrated.
TotalEnergies, Duke Winners Of U.S. Offshore Wind Energy Auction
Thursday, May 12, 2022The U.S. Department of the Interior has announced results from its wind energy auction in the Carolina Long Bay area.
U.S. Probe Into Solar Imports Threatens New Projects In 2022
Thursday, May 12, 2022As much as 17.5 gigawatts of planned US solar capacity installations in 2022 are in doubt after the Department of Commerce opened an investigation into panel imports from southeast Asia.
TotalEnergies Starts Work On First Offshore Wind Farm Off France
Thursday, May 12, 2022TotalEnergies has started construction of the Eolmed project, operated by Qair and in which TotalEnergies has a 20 percent stake.
ExxonMobil Books 2 MTPA Of LNG From Venture Global
Thursday, May 12, 2022Venture Global LNG has secured two long-term sales and purchase agreements for a total of 2 MTPA of LNG from its Plaquemines and CP2 export facilities.
FERC Extends Construction Deadlines For Two LNG Projects
Thursday, May 12, 2022The U.S. Federal Energy Regulatory Commission has granted construction deadline extensions for two LNG projects facing opposition from environmental groups.
Biden Scraps Offshore Oil Auctions
Thursday, May 12, 2022The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska's Cook Inlet.
Shell Sells Russian Retail And Lubricants Business To Lukoil
Thursday, May 12, 2022Shell has signed an agreement to sell Shell Neft - its retail and lubricants business in Russia to Lukoil.
BP And Equinor Awarded Carbon Capture Licenses
Thursday, May 12, 2022The North Sea Transition Authority has awarded two carbon storage licenses to BP and Equinor with an appraisal term of eight years.
Environmentalists Go To Court To Overturn Bay Du Nord Approval
Thursday, May 12, 2022Environmental groups are challenging in court the decision to approve Equinor's $12 Bn oil and gas Bay du Nord project offshore Canada.
Trudeau Pipeline Gets Government Backed $7.7B Loan
Thursday, May 12, 2022The Trans Mountain pipeline expansion project has secured up to $7.7 billion in private-sector financing.
Ukraine Disrupts Gas Deliveries to Europe for First Time
Thursday, May 12, 2022Ukraine disrupts gas deliveries to Europe for the first time, declaring force majeure.
USA EIA Raises Brent Oil Price Forecast
Thursday, May 12, 2022The U.S. Energy Information Administration has raised its 2023 Brent spot average price forecast.
China Is Spoilt for Choice of Oil
Thursday, May 12, 2022Chinese oil buyers are spoilt for choice right now.
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