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EDP Board Member Flags 'Greatest Transformation of All Time' at Web Summit
Rigzone attends the Web Summit event in Lisbon, Portugal.
6:20 AM EST | November 13, 2024
Climate Loss and Damage Fund Set to Launch into Action Next Year
Agreements have been signed to pave the way for a UN-backed fund for the most climate-vulnerable countries to start project financing in 2025.
5:07 AM EST | November 13, 2024
Biden Imposes Levy on Methane Despite Trump's Election
Oil and gas producers in the U.S. will for the first time be required to pay for some of their methane emissions.
4:17 AM EST | November 13, 2024
Shell Wins Appeal in Dutch Climate Suit
The Hague Court of Appeal agreed with Shell that the company could not be legally forced to set a specific emissions target.
3:38 AM EST | November 13, 2024
France, Indonesia-Led Group Details Ways to Make Coal Investing Greener
'Financial structures will need to be developed that enable costs to be covered, and private investors to make reasonable returns'.
1:30 AM EST | November 13, 2024
EIP Ups Stake in Plenitude to 10 Percent
EIP will invest a further $221.8 million in Plenitude, increasing its share capital in Eni's renewables arm to 10 percent.
1:30 AM EST | November 13, 2024
OMV Petrom Awards EPCC for Romania Solar Project
OMV Petrom awarded the engineering, design, procurement, execution, and commissioning contract for its Ișalnița solar project, located in Ișalnița commune, Dolj county.
1:30 AM EST | November 13, 2024
Oil Prices Rangebound Amid Weak Demand Outlook
Oil prices held near November lows as oversupply indicators and demand downgrades weighed on the market, with Brent ending below $72 amid a strong dollar and cautious trading on Middle East tensions and economic uncertainties.
3:47 PM EST | November 12, 2024
Exxon CEO Pushes Back on Trump's Anti-Climate Agenda
'The way you influence things is to participate, not to exit'.
11:10 AM EST | November 12, 2024
ADNOC Announces Launch of Agentic AI Solution
'In development planning, ENERGYai will accelerate plans from one to two years to weeks'.
10:58 AM EST | November 12, 2024
Energy Vault to Build 57 MW BESS in Texas, Inks Offtake Deal with Gridmatic
The Cross Trails BESS, expected to start commercial operation by the summer of 2025, will support renewable energy production in the ERCOT region.
9:30 AM EST | November 12, 2024
Duke Energy Misses Expectations as Storms Hit Earnings
The power and gas utility expects restoration costs brought on by hurricanes Helene, Debby and Milton to continue into the fourth quarter.
8:19 AM EST | November 12, 2024
Woodside Closes Sale of Stake in Scarborough JV to JERA
JERA is Japan's largest power generation company.
7:00 AM EST | November 12, 2024
USA Oil Production Unlikely to Surge Under Trump, StanChart Says
'There is a recent media narrative that the second Trump administration will lead to a surge in U.S. oil production'.
6:19 AM EST | November 12, 2024
Devon Raises 2024 Projected Production
Devon bumped up its output guidance for 2024 to between 811,000 and 830,000 boed, supported by newly acquired assets in the Williston Basin.
5:37 AM EST | November 12, 2024
North America Loses More Rigs
North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.
5:00 AM EST | November 12, 2024
QatarEnergy to Acquire 23 Percent Stake in Block Offshore Egypt
Chevron agreed to sell a 23 percent interest in North El-Dabaa, on the Egyptian side of the Mediterranean Sea, to QatarEnergy.
4:15 AM EST | November 12, 2024
Blast at PDVSA Gas Pipeline Halts Over 60 Percent of Venezuela Fuel Supply
The explosion at a key natural gas production facility run by Petroleos de Venezuela has shut more than 60 percent of the country's fuel supply.
2:56 AM EST | November 12, 2024
CNOOC Starts Production at Long Lake Oil Sands Project in Canada
The Chinese state-backed E&P company expects to achieve a peak production of 8,200 barrels of crude oil per day next year at the Alberta project.
2:51 AM EST | November 12, 2024
COP29 Negotiators Agree on Global Carbon Market Mechanism
Climate negotiators secured a breakthrough on day one of the COP29 climate summit.
2:49 AM EST | November 12, 2024
EOG Posts $1.6 Billion Profit for Third Quarter
'We are on track to return more than 85 percent of our expected full-year free cash flow to shareholders and have the potential for additional cash return over the balance of the year'.
1:53 AM EST | November 12, 2024
Senegal to Commit to $2.7B Green Transition Plan
Negotiations over the pact with some of the world's richest nations had been slowed by a change of government in Senegal this year.
4:00 PM EST | November 11, 2024
WTI and Brent Drop on Soft China Demand
Oil prices continued their decline as weak demand signals from China and easing market tightness pressured crude futures, with WTI settling near $68 and Brent below $72.
3:36 PM EST | November 11, 2024
Marathon Oil Raises Full-Year Production Guidance, Q3 Income Slips
Marathon Oil now expects to produce 192,000 net bopd and 393,000 boepd.
12:30 PM EST | November 11, 2024
Trump Is Likely to Exempt Canadian Energy From Tariffs, Wilbur Ross Says
Canada is the largest external supplier of energy to the United States.
9:41 AM EST | November 11, 2024
US DOE Awards Final Contracts under SPR Replenishment Program
The replenishment program is set to exceed the war-induced release from the SPR in 2022 by 20 million barrels.
9:30 AM EST | November 11, 2024
Analysts Explain Why USA Natural Gas Price is Rising
Why is the U.S. natural gas price rising today? That's the question Rigzone asked several analysts on Monday.
9:13 AM EST | November 11, 2024
Oil Players Eagerly Anticipating What Lies Ahead After Trump Win
'Regardless of geopolitical uncertainties and the recent election outcome, persistent trends in oil markets are likely to shape the outlook ahead', Rystad stated in a market update sent to Rigzone.
7:00 AM EST | November 11, 2024
Equinor to Increase Stake in Halten East Unit
Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea.
7:00 AM EST | November 11, 2024
ENGIE to Build Three Solar Farms in Ireland
The three projects will have an installed capacity of 18 MWp.
6:53 AM EST | November 11, 2024
California Levels Up Rules to Reduce Fuel Carbon Intensity
California's air regulators bucked concerns about increases in transport fuel prices to pass requirements that accelerate fuel carbon intensity reduction.
6:45 AM EST | November 11, 2024
EMEA OFS Companies Will Continue to Report Strong Performance
'We expect earnings growth of more than 10 percent in 2024 for oilfield services companies we rate as the industry benefits from rising upstream capital spending', a Moody's Ratings report stated.
5:15 AM EST | November 11, 2024
Halliburton Acknowledges Cost of Hacking Incident
'We experienced a $0.02 per share impact to our adjusted earnings from lost or delayed revenue due to the August cybersecurity event and storms in the Gulf of Mexico'.
2:37 AM EST | November 11, 2024
PIL Orders Five More LNG-Fueled Ships from Chinese Builder
The vessels are part of PIL's bid to replace up to half of its fleet with modern units over the next decade, with 18 newbuilds ordered since 2022.
1:32 AM EST | November 11, 2024
Russia Mulls Merging Biggest Oil Companies, Reports WSJ
Under one potential plan, state-backed Rosneft would take over Gazprom Neft and Lukoil, the newspaper said.
1:30 AM EST | November 11, 2024
Strategic Marine to Build Another CTV for OEG Renewables
Strategic Marine secured a contract to build a next-generation crew transfer vessel for OEG Renewables.
6:00 AM EST | November 10, 2024
Qatar Taps Rothschild as Adviser in Bid for Rosneft Units in Germany
Qatar's sovereign wealth fund is bolstering its efforts to take over the German businesses of Russian oil giant Rosneft as the government in Berlin looks to relinquish control of the entities.
6:00 AM EST | November 09, 2024
Oil Prices Close Lower as Chinese Stimulus Measures Disappoint
Oil prices fell as weak Chinese stimulus and post-election uncertainty kept WTI trading in a tight range.
3:33 PM EST | November 08, 2024
Elliott Seeks to Appease Creditors with New $5.3 Billion Citgo Bid
The new proposal by affiliate Amber Energy is $2 billion less than its original offer and has a different structure, in an attempt to assuage some creditors.
9:45 AM EST | November 08, 2024
Valeura Energy Completes Thai Units Restructuring
Valeura's working interests in all its Thai III fiscal contracts, covering the Nong Yao, Manora, and Wassana fields, are now held by Valeura Energy (Thailand).
8:23 AM EST | November 08, 2024
Nigeria Approves Eni, Equinor Divestments after Delay
Both deals were held up by due diligence to 'reduce risk of divestors evading legacy obligations and transferring them to new investors'.
8:01 AM EST | November 08, 2024
Trump Tariffs Could Lead to Weaker Oil Demand: WoodMac
U.S. and global economic growth could slow down if the incoming Trump administration imposes additional tariffs, leading to world oil demand falling by as much as 500,000 bpd next year, WoodMac said.
7:53 AM EST | November 08, 2024
Global Partners Closes Rhode Island Terminal Acquisition
The East Providence terminal, featuring 10 product tanks with 959,730-barrel shell capacity, serves as a strategic storage facility for various products.
7:00 AM EST | November 08, 2024
ADNOC Awards $196 Million Contracts to Emirati Suppliers
'ADNOC is aiming to drive an additional AED178 billion back into the UAE's economy by 2028' through the company's In-Country Value program.
6:51 AM EST | November 08, 2024
ADNOC-ADQ JV Award $2 Billion Build Contracts for Chemical Hub
TA'ZIZ, an ADNOC joint venture tasked with establishing a 'chemicals and transition fuels ecosystem', has awarded over $2 billion worth of EPC contracts for the chemical infrastructure portion of the Al Ruwais project.
3:25 AM EST | November 08, 2024
China Oil Imports Sink Again
Year-to-date shipments are now running more than three percent behind last year's pace.
1:30 AM EST | November 08, 2024
QatarEnergy Inaugurates Four LNG Carriers
QatarEnergy held naming ceremonies to inaugurate four of the dozens of conventional-size LNG vessels it had ordered from South Korean builders.
1:30 AM EST | November 08, 2024
WTI and Brent Climb as Traders Weigh Mixed Market Signals
Oil prices rose, buoyed by equities and a weaker dollar, as traders navigated the mixed effects of Trump's presidency, potential Iran sanctions, and geopolitical tensions on the crude market.
3:51 PM EST | November 07, 2024
Karoon Confirms Discovery in GOM's Who Dat South
'Together with the success at Who Dat East earlier in the year, the preliminary successful results at Who Dat South strongly support Karoon's strategy to diversify its asset base by entering the Miocene play in the Gulf of Mexico'.
9:30 AM EST | November 07, 2024
From Oil to EVs, Trump Return Set to Shake Up Energy Policy
The election win positions Trump to deliver on his campaign pledges to go after climate policies he has dubbed the 'green new scam' while reorienting the federal government toward pumping more crude and building more power plants.
7:39 AM EST | November 07, 2024
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