Norway Proposes Launching $2.7B CCS Project
Tuesday September 22, 2020 - The Norwegian government has proposed to launch a $2.7 billion carbon capture and storage project in Norway.
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Oil Holds Losses Amid Deteriorating Demand Outlook
Tuesday, September 22, 2020Oil held losses in Asia after plunging the most in almost two weeks amid signs a resurgent coronavirus could lead to more lockdowns.
Norway Proposes Launching $2.7B CCS Project
Tuesday, September 22, 2020The Norwegian government has proposed to launch a $2.7 billion carbon capture and storage project in Norway.
BP In Stonewall Top Global Employers List
Tuesday, September 22, 2020BP plc (NYSE: BP) has made it onto Stonewall's 2020 Top Global Employers list.
5G Won't Have Significant Oil Role Anytime Soon
Tuesday, September 22, 2020Analysts at Fitch Solutions Country Risk & Industry Research do not expect 5G to have a significant role in oil and gas operations in the next five years.
Oil Prices Get Bump from Equities Rebound
Tuesday, September 22, 2020Oil recovered from the steepest one-day loss in almost two weeks as equities advanced.
Oil Down After Best Week Since June
Monday, September 21, 2020Oil declined in Asia following its biggest weekly gain since June as a stubbornly persistent coronavirus and a lack of clarity over the global energy demand recovery tempered investor optimism.
Oil Market Eyes Pressure from Tropics and Saudi Arabia
Monday, September 21, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
Oil Prices Fall Amid Broad Selloff
Monday, September 21, 2020Oil declined the most in almost two weeks.
Permian in for Bright Future and More
Saturday, September 19, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Oil Set for Best Week Since June
Friday, September 18, 2020Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group's production cuts amid signs demand is faltering.
Hedge Fund That Profited from Oil Crash Eyes Biden Win
Friday, September 18, 2020A hedge fund betting on the decline of fossil fuels has made a 25% gain this year after oil's historic crash sent energy stocks plummeting.
Light Crude Ends Week Above $41
Friday, September 18, 2020Saudi Arabia's warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June.
Oil Drops With Strong Dollar
Thursday, September 17, 2020Oil dropped below $40 a barrel with a stronger dollar after the biggest surge since June.
Oil Prices Get Boost from Saudi Call for Compliance
Thursday, September 17, 2020Oil posted its largest three-day advance since May.
Oil Up On Weaker Dollar And Declining Stockpiles
Wednesday, September 16, 2020Oil extended gains, buoyed by a weaker dollar and a surprise drop in U.S. crude stockpiles.
IEA Revises Oil Demand Forecasts
Wednesday, September 16, 2020Oil demand in 2020 will decline by 8.4 million barrels per day, according to the International Energy Agency's latest oil market report.
Light Crude Surges Nearly 5%
Wednesday, September 16, 2020Oil jumped the most since early June.
Oil Anchored with Stockpiles Forecasted to Grow
Tuesday, September 15, 2020Oil was steady before U.S. government data that's forecast to show crude inventories expanded for a second week, raising concerns the demand recovery is faltering.
OPEC Hits 60
Tuesday, September 15, 2020Following its creation at the Baghdad Conference back in September 1960, the Organization of the Petroleum Exporting Countries has now turned 60 years old.
Oil Prices Recover on Positive Economic Data
Tuesday, September 15, 2020Economic data from China to the US fueled optimism that factories are getting back to work.
Oil Steadies Ahead of OPEC+ Meeting
Monday, September 14, 2020Oil was steady ahead of an OPEC+ meeting this week that will assess the group's production cuts as the recovery from virus-driven demand destruction falters.
Oilfield Services Poised for Transformation
Monday, September 14, 2020Here is a preview of what to watch this week in the oil and gas markets.
BP Says Oil Demand Growth Era Over
Monday, September 14, 2020BP says the relentless growth of oil demand is over.
Big Bank Makes Bullish Oil Prediction
Monday, September 14, 2020Citigroup Inc. has a message to cheer up despairing oil bulls.
Oil Prices Finish Lower
Monday, September 14, 2020Some of the world's largest oil suppliers are painting a bleak picture for crude demand.
Oil Sentiment Sours and More
Saturday, September 12, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Oil Set for First Consecutive Weekly Loss for Months
Friday, September 11, 2020Oil headed for its first back-to-back weekly losses since April's price rout.
Oil Loses Summertime Demand Bounce
Friday, September 11, 2020Rigzone panelists offer their insights on the top oil and gas market hits and misses for the week ending Sept. 11, 2020.
Light Crude Edges Upward but Down for the Week
Friday, September 11, 2020Oil posted its first back-to-back weekly loss since April's rout.
Oil Price Adjustment Was Overdue
Thursday, September 10, 2020From a fundamental basis, the oil price adjustment was overdue.
EIA Raises 2020 Oil Price Forecasts
Thursday, September 10, 2020The U.S. Energy Information Administration has raised its Brent and West Texas Intermediate oil price forecasts for 2020.
Oil Drops After US Stockpile Report
Thursday, September 10, 2020Oil fell as industry data pointed to a rise in U.S. crude stockpiles.
Oil Prices Decline Again
Thursday, September 10, 2020Oil resumed its trek downward after US government data showed growing domestic crude supplies and wavering gasoline demand.
Oil Drops After First Sub-$40 Close Since Mid-June
Wednesday, September 09, 2020Oil edged lower after its biggest one-day drop in more than two months.
Oil Market Takes on More Bearish Tone
Wednesday, September 09, 2020Six months after the coronavirus pandemic's initial punch, signs of a second wave are already emerging in the oil market.
Oil Prices Post Strong Rebound
Wednesday, September 09, 2020Oil jumped the most since June alongside a rally in broader equities markets, boosted by expectations of US crude stockpiles extending their streak of declines.
Oil Down on Bleak Near-Term Demand Outlook
Tuesday, September 08, 2020Oil extended losses after closing at the lowest level since June amid a worsening short-term demand outlook.
Oil Prices Tumble As Market Sentiment Wanes
Tuesday, September 08, 2020Faltering demand and weaker equities are undermining market sentiment.
Energy Lenders Take Cue from Animated Classic
Monday, September 07, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
OPITO Supports Cross Sector Skills Transfer
Monday, September 07, 2020Global energy industry skills body OPITO launches a new standard to support the transition of marine personnel into the oil and gas industry.
Oil Down After Saudi Price Cuts
Monday, September 07, 2020Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as the summer driving season winds down with many countries still struggling to control the coronavirus.
Oil Market Sentiment Turns Sour
Monday, September 07, 2020The oil market sentiment has turned sour, according to Rystad Energy.
Shale Hits Turning Point and More
Saturday, September 05, 2020Here are some more of Rigzone's top upstream stories during the last week, just in case you missed them...
Russia Sees Oil Above $50 in 2021
Saturday, September 05, 2020Russia's energy minister warned against letting them rise too fast.
Oil Set for Weekly Loss on Strong Dollar
Friday, September 04, 2020Oil in New York is poised for the biggest weekly decline since early June.
Oil Rally Expectations Deflate Despite Storage Draw
Friday, September 04, 2020Check out this review of oil market hits and misses for the week ending Sept. 4, 2020.
Light Crude Settles Below $40
Friday, September 04, 2020Oil in New York closed below $40 a barrel for the first time in a month.
Oil Steadies After Dollar Driven Slump
Thursday, September 03, 2020Oil steadied in New York after the biggest plunge since July on a stronger dollar.
Brent Oil Price to Grow by $14
Thursday, September 03, 2020The average price of Brent crude oil will increase by $14 per barrel from 2020 to 2024, according to Fitch Solutions.
Oil Prices Decline as Bearish Factors Mount
Thursday, September 03, 2020Oil dipped to its lowest level in nearly a month.
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