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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
Carney Says He's Open to Changing Green Laws to Boost Energy Projects
His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.
4:00 PM EST | May 14, 2025
Crude Slips After Inventory Surge
Optimism from the US-China trade truce was overshadowed by bearish government data.
3:44 PM EST | May 14, 2025
USA DOE Announces 1st Step in its 'Largest Deregulatory Effort in History'
In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'.
10:48 AM EST | May 14, 2025
US, Saudi Arabia Ink Energy, Critical Mineral Deals
The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners.
10:30 AM EST | May 14, 2025
Tallgrass Secures Shipping Deals for Planned Permian Gas Pipeline
The firm transport commitments 'financially justify construction of the pipeline project', planned to carry up to 2.4 Bcf from the Permian.
9:09 AM EST | May 14, 2025
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts
President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc.
8:22 AM EST | May 14, 2025
EIA Expects USA Gasoline Price to Drop in 2025 and 2026
The U.S. Energy Information Administration expects the U.S. regular gasoline retail price to drop this year and next year, according to its latest short term energy outlook.
8:01 AM EST | May 14, 2025
Tenaz Closes Acquisition of NOBV, Widens Q1 Net Loss
The acquired assets produced approximately 11,000 barrels of oil equivalent per day (boepd), consisting of 99 percent natural gas, for the first four months of 2025.
8:00 AM EST | May 14, 2025
Kimmeridge Finalizes Glencore Gas Deals
Kimmeridge sealed agreements announced last year to supply Glencore with 2 MMtpa of LNG from Commonwealth LNG and equivalent natural gas from Kimmeridge Texas Gas.
7:41 AM EST | May 14, 2025
S&P Global Says USA Crude Oil Production Now Expected to Decline in 2026
'U.S. crude oil production is now expected to decline in 2026 - the first year on year decline in U.S. production in roughly a decade, excluding the 2020 Covid-19 pandemic', an S&P Global analysis piece stated.
4:42 AM EST | May 14, 2025
Ghana's Mahama Fine Tuning Regime to Accelerate Crude Extraction
Ghana is encouraging investors to get the country's crude out of the ground.
3:51 AM EST | May 14, 2025
Aramco in Talks with Woodside for Louisiana LNG Stake
Woodside inked a non-binding collaboration deal with Aramco including for the Saudi oil giant's potential offtake from and ownership in Louisiana LNG.
3:38 AM EST | May 14, 2025
Europe Has 1,700 GW of Unlinked RE, Hybrid Projects: Study
The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.
3:06 AM EST | May 14, 2025
Gunvor Financed Gabon Deal for Tullow Oil Assets
The commodity trader made another significant oil deal in Gabon, its second since the country sought more control of national assets following a coup d'etat in 2023.
2:30 AM EST | May 14, 2025
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
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