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Mideast Oil Giants Say OPEC+'s Supply Surprise Needed by Market
'You can see that even with the increase in several months, we haven't seen a major buildup in the inventories, which means the market needed those barrels'.
2:57 AM EST | July 10, 2025
BP Sells Dutch Retail, EV Charging Assets to Catom
'The transaction includes around 300 bp-owned or branded retail sites - some with on-site EV charging infrastructure - as well as 15 operational bp pulse EV charging hubs, eight under development and the associated Dutch fleet business'.
2:30 AM EST | July 10, 2025
Uniper Sells Stake in Baltic Gas Distributor to Energy Investments
'The sale of this non-strategic minority equity participation in AS Latvijas Gaze is part of the conditions that Uniper must fulfill under EU state aid law'.
2:11 AM EST | July 10, 2025
Oil Holds Gains Despite US Crude Surge
Oil steadied as a large US crude stockpile gain was balanced by new US sanctions on Iranian exports.
5:05 PM EST | July 09, 2025
Kuwait Oil Giant Says OPEC+ Hikes Suggest Tighter Market
Kuwait's state energy company said OPEC+'s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.
5:00 PM EST | July 09, 2025
Distressed UK Lindsey Oil Refinery Restarts Fuel Supply
The UK's Lindsey oil refinery has restarted deliveries of fuel, according to the Department for Energy Security & Net Zero.
11:40 AM EST | July 09, 2025
Who Is The Biggest Renewable Energy Generator?
Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report.
11:09 AM EST | July 09, 2025
US DOE Expands Hydropower Partnership with Norway
Norway and the U.S. will share with each other key information and technologies aimed at lowering barriers to developing marine energy and new hydropower solutions.
10:30 AM EST | July 09, 2025
US DOI Proposes Easing Regulations on Onshore Commingled Production
Combined production from multiple leases 'reduces environmental impacts, lowers operating costs and increases overall efficiency', the Interior said.
10:30 AM EST | July 09, 2025
Strathcona Closes Montney Assets Sale, Becomes Pure-Play Heavy Oil Firm
Strathcona said it is now a pure-play heavy oil company producing approximately 120 million barrels per day (MMbpd) with a 50-year 2P reserve life index.
9:00 AM EST | July 09, 2025
Executives Reveal Where They See Henry Hub Price Landing in Future
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the second quarter Dallas Fed Energy Survey.
8:00 AM EST | July 09, 2025
Delfin Midstream Moves Closer to FID for LNG Export Project in Louisiana
Delfin entered into agreements with Siemens Energy, Samsung Heavy Industries, and Black & Veatch.
8:00 AM EST | July 09, 2025
Trican to Acquire Tubing Services Firm Iron Horse
Trican aims to acquire all of the issued and outstanding shares of Iron Horse for approximately $56.6 million (CAD 77.35 million) in cash and approximately 33.76 million common shares of Trican.
7:00 AM EST | July 09, 2025
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending July 4.
6:22 AM EST | July 09, 2025
Hess Relinquishes Block 59 offshore Suriname after Failing to Find Partners
Hess decided to discontinue Block 59 exploration after failing to bring in new partners following Equinor and ExxonMobil's withdrawal.
5:31 AM EST | July 09, 2025
BP Appoints Shell Veteran to Board
BP appointed Simon Henry as a non-executive director effective September.
3:30 AM EST | July 09, 2025
Mol Eyes Ukraine Port Access to Phase Out Russian Oil
The Hungarian oil company, which faced criticism for maintaining strong reliance on Russian energy, sees a pipeline from the Ukrainian port of Odesa as its best bet at diversification.
3:14 AM EST | July 09, 2025
Petronas Ships First Cargo from LNG Canada to Japan
'LNG Canada is a critical component of PETRONAS' global LNG strategy to diversify its supply portfolio and increase market flexibility'.
3:07 AM EST | July 09, 2025
EDF, Hy24 to Pursue Green Hydrogen Project to Decarbonize Fawley Complex
Hy24, an asset manager focused on low-carbon hydrogen, plans to support more projects by EDF's Hynamics UK.
2:20 AM EST | July 09, 2025
Exxon Sees $1.5B Earnings Hit From Lower Oil, Gas Prices
Exxon Mobil Corp. expects lower oil and gas prices to reduce the company's earnings by about $1.5 billion.
5:00 PM EST | July 08, 2025
Oil Rises Again on Middle East Tensions
Oil gained for a second day as technical levels and fresh Houthi tensions lifted prices.
4:28 PM EST | July 08, 2025
Who Is The World's Top Natural Gas Consumer?
Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report.
10:51 AM EST | July 08, 2025
United Energy LNG, Power LNG Merge to Scale Up Modular Infrastructure
The companies will form 'a scalable small-scale LNG platform serving industrial, power, and transport markets across North America'.
10:30 AM EST | July 08, 2025
BP, Shell Sign Libya Deals as Majors Step Up Their Return
The British energy giants signed agreements with Libya's National Oil Corp. to study new opportunities, joining international majors accelerating their return to the oil-rich African nation.
9:55 AM EST | July 08, 2025
NW Natural Holdings Adds Two Board Members
The gas and water utility and its subsidiary Northwest Natural Gas appointed the chief of a construction firm and a sportswear executive as directors.
9:47 AM EST | July 08, 2025
Diesel's Supply Crunch Leaves Market Crying Out for Barrels
The world's biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze.
9:30 AM EST | July 08, 2025
How Close Did Iran Come to Shutting Strait of Hormuz?
Rigzone talks to several analysts.
7:44 AM EST | July 08, 2025
DNO Signs Offtake Agreement to Supply Norwegian Gas to ENGIE
The offtake agreement covers the entirety of DNO's Norwegian gas production following its acquisition of Sval Energi Group.
7:00 AM EST | July 08, 2025
Great British Energy Gets Permanent CEO
A permanent CEO for Great British Energy has been announced.
6:31 AM EST | July 08, 2025
Iberdrola Approves Supplemental Dividend for 2024
The Spanish multinational utility's 2024 shareholder remuneration now represents a 15.6 percent increase from the prior year.
5:35 AM EST | July 08, 2025
EnerMech Bags Triton FPSO Work
EnerMech secured a three-year contract with Dana Petroleum for Offshore Shutdown Support Services for the Triton FPSO.
3:28 AM EST | July 08, 2025
Valaris Secures New Works for Two of Its Drillships
'We've secured approximately $1.9 billion in new contract backlog so far this year'.
3:19 AM EST | July 08, 2025
Petronas Strengthens Partnerships for Sabah Oil and Gas Developments
Petronas formalized several agreements with the Sabah government, focusing on the responsible development of the state's energy resources.
2:56 AM EST | July 08, 2025
Cyprus Announces New Gas Discovery in Block 10
Pegasus-1 is the second discovery by ExxonMobil and QatarEnergy in the Eastern Mediterranean block.
2:32 AM EST | July 08, 2025
Shell Says Weak Oil and Gas Trade Hit 2Q Profit
Shell Plc said second-quarter results will be undermined by a weaker performance from the energy giant's fabled oil and gas trading operation.
5:00 PM EST | July 07, 2025
Oil Gains on Saudi Price Hike
Saudi Arabia raised its crude prices, signaling confidence that the market can absorb more OPEC barrels.
4:01 PM EST | July 07, 2025
Dallas Fed Energy Survey Shows Oil, Gas Activity Contraction
Rigzone takes a look at the second quarter Dallas Fed Energy Survey.
11:16 AM EST | July 07, 2025
Authorities Give Rafael Gas Project More Time to Seek Production License
Buru Energy received government approval for a two-year extension of time for the Rafael gas project in Australia's Canning Basin to apply for a production license.
9:45 AM EST | July 07, 2025
Mexico Keeps Up Oil, Fuel Shipments to Crisis-Stricken Cuba
Mexico's state-owned oil company is throwing Cuba a much-needed lifeline.
9:30 AM EST | July 07, 2025
Predator Extends Deadline to Acquire CEG Operations in Trinidad
The two companies have agreed to a deadline of seven days after the granting of regulatory approval for the transaction, with a revised long-stop date of August 30.
9:00 AM EST | July 07, 2025
1.5 GW Mona Wind Farm in Irish Sea Gets Government Approval
The UK energy secretary greenlighted BP and EnBW's Mona project, which the government says is the biggest wind farm in the Irish Sea with a maximum grid connection potential of 1.5 GW.
8:42 AM EST | July 07, 2025
Aruna Holdings Acquires 80 Percent Stake in CNRC, $1B Investment Eyed
Under the agreement, CNRC has changed its name to Surya Oil and Gas Corp. and appointed a new board of directors and management.
8:00 AM EST | July 07, 2025
Who Is The World's Top Natural Gas Producer?
Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report.
7:00 AM EST | July 07, 2025
ORLEN Ceases All Supply of Russian Oil
'We have concluded the last legacy contract for Russian crude deliveries to the Czech Republic'.
7:00 AM EST | July 07, 2025
EU Fossil-Fueled Generation Up 17 Pct in Q1
A moderate increase in demand and a fall in wind and hydro generation that offset a record first quarter for solar led to a 17 percent rise in fossil fuel power production in the EU.
6:26 AM EST | July 07, 2025
North America Adds Rigs Week on Week
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
6:02 AM EST | July 07, 2025
Plenitude Starts New PV Park Construction in Seville
The Seville project aims to generate over 435 GWh annually.
5:17 AM EST | July 07, 2025
US Overtakes Russia as EU No2 Gas Source
Russia's share of total EU gas imports dropped five percentage points to 14 percent quarter-on-quarter.
4:52 AM EST | July 07, 2025
OPEC+ to Boost Supply Even Faster with Larger August Hike
Eight key alliance members agreed to raise supply by 548,000 barrels a day.
4:45 AM EST | July 07, 2025
HCLTech Expands Partnership with Equinor
HCLTech will help Equinor accelerate cloud migration and the standardization of services across its operations.
7:00 AM EST | July 06, 2025
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