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Maritime Security Report Shows Incident Trends Down YoY
Thursday, February 02, 2023'West Africa continues to represent the most significant and persistent decline in incidents'.
Energy Services Sector Will Grow To $1 trillion In 2025
Thursday, February 02, 2023The global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafter.
Will A New Iran Nuclear Deal Be Agreed to in 2023?
Thursday, February 02, 2023PVM Oil Associates and Fitch Solutions Country Risk & Industry Research focus on the Iran nuclear deal.
New SPR Bill Passes House
Thursday, February 02, 2023The H.R.21 bill still needs to pass the Senate and go to the President to become law.
Westwood: Several Macroeconomic Factors Make 2023 Unpredictable
Thursday, February 02, 2023Economic recession, the weather, the war in Ukraine, and the Covid pandemic in China are the key macroeconomic factors weighing on oil and gas markets in 2023.
Biden To Support ConocoPhillips Alaska Oil Project, Defying Greens
Wednesday, February 01, 2023Washington is on track to telegraph support for a scaled-back drilling plan at ConocoPhillips' proposed Willow project in northwest Alaska.
Russian Refinery Products Will Flow In 2023 Despite EU Price Cap
Wednesday, February 01, 2023EU's proposed price cap on Russian diesel, jet fuel, and gasoline as well as a cap on discounted products like fuel oil, will not severely impact Russian refiners.
European Union Debuts First-Ever Carbon Border Tax
Wednesday, February 01, 2023In December 2022, the EU reached a provisional agreement on a first-of-its-kind Carbon Border Adjustment Mechanism.
Focus On: Property Acquisitions & Divestitures
OPEC+ Keeps Output Steady Amid China and Russia Uncertainty
Wednesday, February 01, 2023An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China and supplies from Russia,
Oil Plunges as US Stockpiles Grow
Wednesday, February 01, 2023Oil prices fell the most in about a month as government data showed US crude inventories swelled to the highest levels since June 2021.
BofA Global Research Talks OPEC+ Meeting
Tuesday, January 31, 2023'Ahead of the meeting, press speculation suggests no material change in expected output'.
US Could 'Steal' Green Energy Investments From Other Regions
Tuesday, January 31, 2023Subsidies in the Inflation Reduction Act have stoked fears in other countries that investments in the green energy sector will be drawn to the US.
USA Oil and Gas Employs Almost 1 Million in 2022
Tuesday, January 31, 2023The U.S. oil and gas industry employed 948,943 professionals in 2022, according to TIPRO's latest State of Energy Report.
RRC Issues Weather Notice to Oil and Gas Groups
Tuesday, January 31, 2023The Texas Railroad Commission issued a winter weather outlook notice to oil and gas and pipeline operators on Sunday.
BP's 2023 Energy Outlook Looks At Key Trends For Energy Transition
Tuesday, January 31, 2023BP explored the key trends and uncertainties surrounding the energy transition out to 2050 in this year's Energy Outlook.
Brent, WTI Net Length Continues to Build
Tuesday, January 31, 2023Weekly flows continue to show increasing net length and open interest.
Cnooc's $3B UK Portfolio Sale Has Stalled on Valuation Gap
Tuesday, January 31, 2023Cnooc is one of the largest remaining international explorers in the North Sea.
Oil Rises Ahead of OPEC Meeting
Tuesday, January 31, 2023Oil rose and showed signs of shedding its monthslong malaise as factors ranging from the end of the Federal Reserve's rate increases to swelling demand in China give bulls more ammunition.
What Bad Habits Should Oil and Gas Jobseekers Avoid?
Monday, January 30, 2023Representatives of Piper-Morgan Associates, Petroplan, HireStrong LLC and Kaye/Bassman's Energy Practice offer some advice.
Shell Makes Host of Company Changes
Monday, January 30, 2023Shell plc announced a host of executive committee and directorate changes.
There Has Not Been a Bullish USA Data Release for 16 Weeks
Monday, January 30, 2023'None of the past 16 releases have been in one of the four bullish categories'.
USA Drops 3 Gulf of Mexico Rigs
Monday, January 30, 2023The U.S. dropped three rigs in the Gulf of Mexico week on week.
DOE Awards $118Mn To Accelerate Domestic Biofuel Production
Monday, January 30, 2023The US DOE has announced $118Mn in funding for 17 projects to accelerate the production of sustainable biofuels for US transportation and manufacturing needs.
Oil Drops as Technical Indicators Prompt Selling
Monday, January 30, 2023Oil fell to its lowest in almost three weeks, with technical indicators driving the market's direction amid a lack of clarity on crude demand.
$1 Trillion Green Investment Matches Fossil Fuels For First Time
Sunday, January 29, 2023For the first time, the world invested as much money into replacing fossil fuels as it spent on producing oil, gas, and coal.
Libya Sees More Deals After Eni's $8B Gas Investment
Sunday, January 29, 2023Libya's state energy firm said it expects to sign more deals with foreign companies.
Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
Saturday, January 28, 2023ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but the outlook for 2023 does not look so bright.
Top Headlines: Valaris Employee Reported Missing from Rig
Saturday, January 28, 2023Check out some of Rigzone's top stories during the last week.
EU Considers Capping Russian Fuel Prices at $100
Friday, January 27, 2023The European Union is floating a plan to cap the price of Russian diesel at $100 a barrel.
World Still Waiting to See What China Reopening Means
Friday, January 27, 2023Macquarie Group, Goldman Sachs and FGE focus on China's reopening.
Gasoline Price More Expensive Than Year Ago Levels
Friday, January 27, 2023The price of regular gasoline in the U.S. is more expensive than year ago levels.
Oil Traders Weigh Up Market This Week
Friday, January 27, 2023One of Rigzone's regular market watchers takes a look at demand trends, oil price moves, and a surprising Henry Hub development.
Governor Issues Disaster Declaration for Southeast Texas
Friday, January 27, 2023The declaration will further support Texas' recovery efforts in response to extensive damage sustained due to tornadic activity in Pasadena, Deer Park, and neighboring Southeast Texas communities.
Oil Posts First Weekly Loss of the Year
Friday, January 27, 2023Bulls approached and quickly withdrew from oil's 100-day moving average, driving crude to its first weekly loss since the start of the year.
Is The USA Strategic Petroleum Reserve Stock Dangerously Low?
Thursday, January 26, 2023Weekly U.S. ending stocks of crude oil in the strategic petroleum reserve have dropped more than 40 percent in two years.
Police to Board Valaris Rig After Worker Reported Missing
Thursday, January 26, 2023'Enquiries are ongoing and officers are continuing to liaise with partner agencies'.
Norwegian Tax Break Ensures Increase Of O&G Supply To Europe
Thursday, January 26, 2023Projects sanctioned under Norway's temporary tax regime will help maintain high NCS production towards 2030 and increase O&G supply to Europe.
Risk Premium Embedded in USA NatGas Vanishes
Thursday, January 26, 2023The risk premium embedded in U.S. natural gas markets has disappeared altogether.
Wood Mackenzie: Global Upstream Fiscal Trends For 2023
Thursday, January 26, 2023Record profits are spurring billions of dollars of share buybacks and dividends, drawing the ire of the public struggling with high energy costs.
Companies Fall Short on Climate Pledges, New Survey Claims
Thursday, January 26, 2023A new survey has found that 85% of companies have net-zero strategies, but are failing to incorporate them into daily business operations.
Offshore Rigs Set For Very Busy Year In 2023
Thursday, January 26, 2023Rig activity stood out in several regions in 2022 and there is no reason to expect anything different in 2023, Westwood Energy believes.
Oil Up as Market Benchmarks Waver
Thursday, January 26, 2023Oil gained as energy traders grew more confident about the commodity's immediate outlook.
North Sea Industry Body Releases First Ever Documentary
Wednesday, January 25, 2023'This film shows the real people working day in and day out to transform the UK's energy system'. -Image provided by OEUK.
Europe Needs Norwegian Gas Like Never Before, Gassco Believes
Wednesday, January 25, 2023The war in Ukraine, imbalanced European energy market, and a large degree of geopolitical uncertainty have generated all-time high demand for Norwegian gas.
Fundamentals Strong Enough for $90+ Oil Period
Wednesday, January 25, 2023'The rally has been a steady grind upwards'.
Los Angeles County Blocks New Oil Wells
Wednesday, January 25, 2023Los Angeles County has blocked new oil and gas drilling.
Jet Fuel Demand is Skyrocketing
Wednesday, January 25, 2023'We're beginning to see the wider consequences of China's reopening'.
Russian Oil Switching at Sea Gathers Pace
Wednesday, January 25, 2023Russia is transferring record amounts of its flagship Urals crude at sea.
Oil Edges Up in Volatile Session
Wednesday, January 25, 2023Oil edged higher in a volatile session as technical market indicators signaled to traders that higher prices may be around the corner.
Norway Gas Riches Spur a Wave of Bullish Currency Calls
Tuesday, January 24, 2023The bullish case has everything to do with Norway's status as the main supplier of natural gas to the European Union.
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