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Is There a Danger That Oil and Gas Runs out of Financing?

Monday, May 29, 2023Rigzone speaks to Citi's Global Head of Commodities Research and a Global Oil and Gas Strategist at Macquarie Group.
Analyst Flags USA-Made Oil, Gas Field Machinery Order Trend

Monday, May 29, 2023'Adjusting for inflation, the picture looks even bleaker'.
North America Rig Count Reduction Rumbles On

Monday, May 29, 2023North America dropped another seven rigs week on week.
Top Headlines: What Will World Oil Demand Be in 2023?

Saturday, May 27, 2023Check out some of Rigzone's top stories during the last week.
Aker BP Makes Significant Oil Find Offshore Norway

Friday, May 26, 2023Aker BP said the discovery enhances the resource base for the Yggdrasil development.
Half of Oil and Gas Workers Find Their Work Exhausting

Friday, May 26, 2023Fifty percent of oil and gas workers are finding their work exhausting, according to O.C. Tanner's 2023 Global Culture Report.
China Solar Exports Grow to $52B

Friday, May 26, 2023China's solar exports grew 64 percent to $52 billion in 2022 despite global trade tensions, according to Wood Mackenzie.
North Sea to See Record Strike Action in June

Thursday, May 25, 2023'The latest rounds of strike action in June will see the biggest group of offshore workers to date taking strike action'.
Machine Learning Has Potential to Transform Oil and Gas

Thursday, May 25, 2023'Machine learning is a rapidly growing field in the oil and gas industry'.
Who Is the Most Prolific Private Oil and Gas Producer in the USA?

Thursday, May 25, 2023Enverus Intelligence Research has released a list of 'the most prolific 100 private oil and gas producers in the U.S.'.
Speculative Positioning in Crude Back to March Bearish Extreme

Wednesday, May 24, 2023'Speculative short positions have increased by 123.9 million barrels over the past four weeks, the largest four-week rise since November 2018'.
Russia Agrees to Extend Black Sea Grain Deal

Wednesday, May 24, 2023Russia has agreed to extend the Black Sea Grain deal for a further 60 days.
UAE Energy Cos Award Sustainable Water Project Worth up to $2.4B

Wednesday, May 24, 2023The project will deliver more than 110 million imperial gallons per day of nano filtered seawater.
Most of North America at Risk of Energy Shortfalls This Summer

Tuesday, May 23, 2023Two thirds of North America is at risk of energy shortfalls this summer, NERC has revealed.
Where Will WTI Oil Price Land This Year?

Tuesday, May 23, 2023Rigzone looks at recent EIA, Standard Chartered, and BMI projections.
PDC Energy Deal Makes Chevron Even More Formidable in Colorado

Tuesday, May 23, 2023Monday morning provided some corporate M&A fireworks.
What Will World Oil Demand Be in 2023?

Monday, May 22, 2023Where will oil demand land this year? It depends on who you ask.
What New Oil and Gas Jobs Will Exist in the Future?

Monday, May 22, 2023'Brand new jobs will be around AI technology'.
North America Rig Count Now Lower Than Year Ago Level

Monday, May 22, 2023North America dropped another 20 rigs week on week, according to Baker Hughes.
Top Headlines: BMI Projects Gasoline Price Through to 2026

Saturday, May 20, 2023Check out some of Rigzone's top stories during the last week.
USA Oil and Gas Supported Nearly 11MM Jobs

Friday, May 19, 2023The U.S. oil and gas industry supported nearly 11 million jobs and contributed nearly $1.8 trillion to the U.S. economy in 2021, according to a new study.
Oil Market Watcher Talks Drama Filled, Mouth Gaping Week

Friday, May 19, 2023One of Rigzone's regular market watchers takes a look at the U.S. debt-ceiling talks, the latest DOE developments, an upcoming battle for the WTI oil price and more.
Leading Organizations Create North Sea Mental Health Charter

Friday, May 19, 2023'Despite past efforts, the needle on mental health improvement does not seem to be moving in the right direction'.
Ineos Founder Fears for North Sea Future

Thursday, May 18, 2023'We are now seeing many operators pausing or canceling their investment plans'.
GHG Intensity of USA Oil Said to be Significantly Lower Than Most Regions

Thursday, May 18, 2023'The U.S. Gulf of Mexico energy production sets the standard for oil and gas production worldwide'.
Australia Oil, Gas Needs to Urgently Fast Track Energy Super Basins

Thursday, May 18, 2023A super basin is an area where large hydrocarbon resources are co-located with the potential for plentiful clean electricity and large-scale carbon capture and storage.
USA DOE to Repurchase Up to 3MM Barrels of Oil for SPR

Wednesday, May 17, 2023'DOE is committed to executing an SPR replenishment strategy that provides the best deal for taxpayers'.
What Does a 2023 USA Recession Mean for Oil and Gas in the Country?

Wednesday, May 17, 2023'A 2023 recession would be bad for the oil and gas industry and, obviously, for Americans in general'.
QatarEnergy Serves Up $10B Deal for NFS Project

Wednesday, May 17, 2023'QatarEnergy is proud to announce yet another significant milestone in the world's largest LNG project'.
North Sea Body Says 22 Projects in the Pipeline

Tuesday, May 16, 2023North Sea operators plan to progress 22 projects in the coming years, according to the North Sea Transition Authority.
ONEOK Buys Magellan in $18.8B Deal

Tuesday, May 16, 2023'This acquisition creates a more resilient energy infrastructure company'.
Equinor Dishes Out Deals for $9B Brazil Project

Monday, May 15, 2023'The final investment decision of BM-C-33 is an important milestone for the partners and for Equinor'.
BMI Projects Gasoline Price Through to 2026

Monday, May 15, 2023BMI has revealed its newest NYMEX RBOB gasoline price forecasts through to 2026.
USA Rig Reduction Stretches North America Rig Loss Streak

Monday, May 15, 2023North America dropped another 16 rigs week on week.
Top Headlines: OPEC+ Has Lots of Dry Powder for Further Cuts

Saturday, May 13, 2023Check out some of Rigzone's top stories during the last week.
BMI Reveals Latest Brent Oil Price Forecasts

Friday, May 12, 2023'Sentiment is currently extremely fragile and investors have become generally deaf to bullish market developments'.
EIA Cuts Gasoline and Diesel Price Forecasts

Friday, May 12, 2023The U.S. Energy Information Administration has cut its U.S. retail gasoline and diesel price forecasts for 2023 and 2024.
Military Moves Out to Fight Alberta Wildfires

Friday, May 12, 2023'Albertans will see this movement by vehicle on roads and in the air, as some forces and equipment will be moved by Royal Canadian Air Force fixed-wing aircraft and helicopters'.
What Does the Sudan Conflict Mean for Oil and Gas in the Region?

Thursday, May 11, 2023Both Sudan and South Sudan's oil production is at risk, according to Dryad Global.
USA EIA Slashes 2023 and 2024 Brent Oil Price Forecasts

Thursday, May 11, 2023The U.S. Energy Information Administration cut its Brent spot price average forecasts for 2023 and 2024.
Recent Oil Price Rebound Supported by Combo of Factors

Thursday, May 11, 2023'Last week's positive April U.S. jobs data had potential to ease macro concerns as crude price recovered'.
Fresh UK Oil and Gas Strike Action Takes Place Today

Wednesday, May 10, 2023The Unite union has confirmed to Rigzone that several oil and gas related strikes will take place today.
Monetary Forces Are Dragging Down Brent Oil Prices

Wednesday, May 10, 2023'Macro weakness has kept dragging Brent crude prices lower'.
Canada Energy Regulator Monitoring Wildfire Impact

Wednesday, May 10, 2023'We are aware of some companies that have reduced their operations across Alberta and will follow up with them as needed'.
OPEC+ Has Lots of Dry Powder for Further Cuts

Tuesday, May 09, 2023'OPEC+ has only just begun cutting'.
Oil and Gas Deal Value Sees Significant Decrease

Tuesday, May 09, 2023The oil and gas industry's overall disclosed contract value saw a 'significant' quarter on quarter decrease.
Canada Oil and Gas Cos React to Wildfires

Tuesday, May 09, 2023More than 29,000 individuals have been evacuated from communities throughout north and central Alberta.
Could the Oil Price Crash in 2023?

Monday, May 08, 2023'Given the uncertain economic outlook, a major pullback in oil prices is a growing risk'.
South Korea Nuclear Plan Could Pose Risks to LNG Demand

Monday, May 08, 2023'We expect the new policy to generate significant implications on demand for LNG'.