Industry Headlines News for Europe & Russia


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Chevron CEO Warns of High Energy Prices Share your comments
Thursday, September 16, 2021The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.'s top executive.

Oil Up as API Report Shows Inventory Slump Share your comments
Wednesday, September 15, 2021Oil gained after a U.S. industry report showed another decline in inventories of crude and gasoline, signaling a tightening market.

TRC Makes It a Little Harder for Wells to Flare Gas Share your comments
Wednesday, September 15, 2021Getting a permit to burn excess natural gas at Texas oil wells is getting a little bit harder.

Oil Surged Higher Wednesday Share your comments
Wednesday, September 15, 2021Oil reaches a six week high as the EIA reports a drop of over six million barrels in supply to reach levels not seen since 2019.

Tesla Loving Norway Picks Pro Oil Labor Share your comments
Tuesday, September 14, 2021Norway's opposition Labor Party will begin talks on forming a new ruling coalition after winning an election dominated by disputes over the Nordic economy's dependence on fossil fuel.

Texas May Face Another Hurricane Soon Share your comments
Tuesday, September 14, 2021Tropical Storm Nicholas could turn into a hurricane and hit Texas in coming days, Rystad Energy warns.

Storms Set to Worsen Global Ship Snarls Share your comments
Tuesday, September 14, 2021Global supply chains already tangled by the pandemic, labor shortages and sustained consumer demand in the U.S. are getting walloped by another disruptive force: Mother Nature.

World Must Wait for Extra Oil Share your comments
Tuesday, September 14, 2021The world will have to wait until October for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said.

Oil Steady In Wake of Hurricane Nicholas Share your comments
Tuesday, September 14, 2021Oil settled with minimal change as threats to crude supply from the Gulf of Mexico fizzled in the wake of hurricane Nicholas.

Expert Gives Hurricane Affected Asset Warning Share your comments
Monday, September 13, 2021Rigzone's regular energy prognosticators look at the recovery in the Gulf of Mexico following Hurricane Ida, gas market price moves, Libya supply disruption and more.

Oil Jumps as USA Supply Limps Back Share your comments
Monday, September 13, 2021Oil climbed above $70 a barrel after a run of three weekly gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the fourth quarter.

USA Rig Count Almost Doubles Share your comments
Monday, September 13, 2021The United States rig count is almost double where it was this time last year, according to Baker Hughes' latest rotary rig count.

OPEC Sees Stronger Crude Demand Share your comments
Monday, September 13, 2021OPEC predicted stronger demand for its crude on a combination of rising global fuel consumption and output disruptions elsewhere.

Venezuela Heavy Oil Project Reserves Will be Left Stranded Share your comments
Monday, September 13, 2021Venezuela's heavy oil project reserves will be left stranded as international players divest their interest, according to GlobalData.

Oil Finishes on a Six Week High Share your comments
Monday, September 13, 2021With another storm on a crash course with Houston and Louisiana, oil rose to the highest level in six weeks.

Oil Companies Donate to Ida Relief Efforts Share your comments
Sunday, September 12, 2021Chevron Corporation (NYSE: CVX), BP (NYSE: BP) and Phillips 66 (NYSE: PSX) have revealed that they are donating funds to support relief efforts following Hurricane Ida.

Noble Declares Force Majeure On Drillship and More Share your comments
Saturday, September 11, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Noreco Enters Bifrost Carbon Capture Project Offshore Denmark Share your comments
Friday, September 10, 2021Noreco has entered into a partnership to develop the Bifrost carbon capture and storage (CCS) project.

Sembcorp Marine Chosen For Dorado FPSO FEED Work Share your comments
Friday, September 10, 2021Sembcorp Marine wins exclusive contract to undertake FEED work for Santos’ Dorado FPSO.

Oil Trims Weekly Loss Share your comments
Friday, September 10, 2021Oil edged higher, paring the first weekly decline in three, as investors assessed China's confirmation that it had released crude from its strategic reserves in an unprecedented intervention in the global market.

Oil Company Duo Joins Horizont Energi's Blue Amonia Project Share your comments
Friday, September 10, 2021Horisont Energi, Equinor, and Var Energi to cooperate on Barents Blue projects, Europe’s first large-scale blue ammonia production facility.

Santos, Oil Search To Merge Into Regional Champion Share your comments
Friday, September 10, 2021Santos and Oil Search enter a merger agreement to create top-20 ASX-listed companies and the 20 largest global oil and gas companies.

Chuck Norris Hands Over World's Toughest Job to Aker Share your comments
Friday, September 10, 2021Chuck Norris has been single handedly handling the world's biggest challenges, like capturing carbon and converting the rays of the sun into electricity, but he's now passed the torch to Aker.

Ida Impact on Gulf of Mexico Continues Share your comments
Friday, September 10, 2021Rigzone's regular market watchers look at the ongoing impact of Ida, oil and gas price movements, the latest updates from the U.S Energy Information Administration and more.

Oil Up for Third Week as USA Refinery Restarts Outpace Production Share your comments
Friday, September 10, 2021Oil futures rose Friday completing a third weekly gain as refineries in Louisiana restart and returning offshore production cannot keep pace.

Oil Holds Gain as Hurricane Impact Lingers Share your comments
Thursday, September 09, 2021The slow return of U.S. output halted by Hurricane Ida more than a week ago tightened the market.

Empyrean Hires COSL Rig For Jade Drilling Off China Share your comments
Thursday, September 09, 2021Empyrean Energy hires COSL to drill the Jade prospect exploration well offshore China.

Petrobras' Santos Basin Field Duo Up For Sale Share your comments
Thursday, September 09, 2021Petrobras puts up for sale two of its operated fields in the Santos Basin offshore Brazil. (Image courtesy of Petrobras)

New TPI Points to Lower Texas Upstream Employment Share your comments
Thursday, September 09, 2021The latest Texas Petro Index points to lower upstream oil and gas industry employment than other sources have published, the Texas Alliance of Energy Producers has revealed.

Operators Restarting Production Following Hurricane Ida Share your comments
Thursday, September 09, 2021BP, Occidental, Shell are in the process of restarting U.S. Gulf of Mexico production while Shell returns workers to one more platform.

House Set to Advance Offshore Drilling Ban Share your comments
Thursday, September 09, 2021Congressional Democrats are poised to advance sweeping legislation to combat climate change that would, if the Senate goes along, block drilling in most U.S. offshore waters.

Exxon Makes 20th Starboek Discovery. Liza Unity FPSO Delivered. Share your comments
Thursday, September 09, 2021ExxonMobil makes 20th discovery in the Starbroek block offshore Guyana. Keppel delivers FPSO for the second phase of the Liza development.

USA EIA Releases New Oil Price Forecast Share your comments
Thursday, September 09, 2021The United States Energy Information Administration reveals its latest average Brent spot price forecasts.

Oil Backtracks After China Taps Strategic Reserve Share your comments
Thursday, September 09, 2021After rising early in trading from bullish U.S. stockpile and production metrics, futures reversed track as China announced it is tapping into the Chinese strategic oil reserves to ease rising prices.

Peterson Gets New CEO From 2022 Share your comments
Wednesday, September 08, 2021Sarah Moore will succeed current Peterson CEO Erwin Kooij when he retires from the company on January 1, 2022.

Oil Rebounds After 2-Day Decline Share your comments
Wednesday, September 08, 2021Oil rebounded after a two-day decline as investors assessed a demand outlook clouded by the comeback of Covid-19 in many regions.

Eni, Mubadala To Cooperate On Energy Transition Opportunities Share your comments
Wednesday, September 08, 2021Mubadala and Eni agreed to cooperate within the energy transition sector.

Climate Action Network Calls to Postpone COP26 Share your comments
Wednesday, September 08, 2021On September 7, the Climate Action Network called to postpone the 26th UN Climate Change Conference of the Parties (COP26).

ADNOC To Offer Drilling Unit Stake In IPO Share your comments
Wednesday, September 08, 2021ADNOC is planning on selling a stake in its drilling company ADNOC Drilling in an initial public offering.

Centrica Joins Gender Diversity Energy Coalition Share your comments
Wednesday, September 08, 2021POWERful Women has welcomed the CEO of Centrica onto its Energy Leaders' Coalition.

Western Gas Partners Up To Drill Sasanof-1 Well Off Australia Share your comments
Wednesday, September 08, 2021Western Gas partners up to fund part of the drilling costs for the Sasanof-1 exploration well offshore Australia.

Exxon to Have Gas Graded for Methane Leaks Share your comments
Wednesday, September 08, 2021Exxon Mobil Corp. will offer some of its Permian Basin shale gas for certification by a nonprofit that assesses methane leaks.

Gas Groups Beg Congress for Regulation Share your comments
Wednesday, September 08, 2021The threat of a new fee on methane emissions has put the oil and gas industry in the unusual position of pleading with lawmakers for more federal regulation instead.

Oil Climbs On Lingering Hurricane Ida Impacts Share your comments
Wednesday, September 08, 2021Oil prices ascend with 77% of American Gulf of Mexico Oil & Gas production still offline.

What Next for OPEC+? Share your comments
Tuesday, September 07, 2021OPEC+ output increases are likely to cease after December in order to limit inventory builds in 2022, according to Standard Chartered.

Chariot Hires Stena Don Rig For Drilling Of Morocco Share your comments
Tuesday, September 07, 2021Chariot hires one of Stena Drilling’s semi-submersible rigs for a gas appraisal well offshore Morocco.

Enauta's Atlanta Field Suffers Another Pump Failure Share your comments
Tuesday, September 07, 2021Enauta experiencing issues with the pump system at the Atlanta field offshore Brazil, with an output interruption from one well.

Oil Up After Strong China Trade Share your comments
Tuesday, September 07, 2021Brent oil edged higher after an unexpected surge in Chinese exports to a record added to positive economic signs emerging from key energy consumers.

DOE Announces Strategic Petroleum Reserve Exchange Share your comments
Tuesday, September 07, 2021The U.S. Department of Energy has authorized the Strategic Petroleum Reserve to conduct an exchange of 300,000 barrels of crude oil.

Sale Of TAQA's Oil And Gas Business Could Be On The Cards Share your comments
Tuesday, September 07, 2021TAQA is reviewing its oil and gas operations with a sale being one of the options considered.

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