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Shell Hikes Dividend and Starts $2B Share Buyback
Thursday, July 29, 2021Royal Dutch Shell raised its dividend by almost 40 percent and said it will buy back $2 billion of shares.

Total and Equinor Are Said to Exit Venezuela Oil JV
Thursday, July 29, 2021TotalEnergies and Equinor are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country's energy industry has withered.

Suncor Cuts Fort Hills Oil Output Guidance
Thursday, July 29, 2021Suncor Energy Inc. cut its full-year production guidance at its Fort Hills oil sands mine.

Big Oil Shows Confidence That Big Profits Era Is Back
Thursday, July 29, 2021Europe's largest oil and gas companies showed confidence that the era of big profits is back by significantly boosting returns to shareholders.

USA Refiners Miss Out on American Fuel Boom
Thursday, July 29, 2021Americans are burning through gasoline and diesel like Covid-19 never happened, but U.S. fuel refiners aren't cashing in as previously expected because of a confluence of headwinds.

Transocean Awarded 2 Contracts in USA Gulf of Mexico
Thursday, July 29, 2021Transocean (NYSE: RIG) has been awarded two contracts, which, on aggregate, contribute approximately $55.5 million in backlog.

Texas Upstream Oil Economy on the Mend
Thursday, July 29, 2021Midway through 2021, the Texas upstream oil and gas economy is on the mend.

ExxonMobil Makes Significant Oil Find Offshore Guyana
Thursday, July 29, 2021ExxonMobil (NYSE: XOM) has announced a 'significant' new oil discovery on the Stabroek Block offshore Guyana at Whiptail.

Oil Up from 2-Week High as USA Stockpiles Decline
Thursday, July 29, 2021Oil extended gains from a two-week high after U.S. crude and fuel stockpiles posted strong declines, signaling peak summer demand remains robust despite a resurgence of Covid-19.

Data Doubts Cloud China Carbon Market
Wednesday, July 28, 2021China's national carbon market is being hampered by limited early access for small companies and doubts over data quality, according to people familiar with the details.

Pemex Building Refinery in Green Area
Wednesday, July 28, 2021Public documents reveal that Dos Bocas - a favored project of Mexican President Andres Manuel Lopez Obrador for his home state of Tabasco - is being built in a zone the state oil firm had promised to protect.

Haaland Accused of Defying USA Judge on Oil Leasing
Wednesday, July 28, 2021Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there's no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why.

Shell Wins Stake in Sarawak Block
Wednesday, July 28, 2021Petronas has awarded Block SK437 offshore Sarawak, Malaysia, to Petronas Carigali Sdn Bhd, Sarawak Shell Berhad, and Petroleum Sarawak Exploration and Production Sdn Bhd.

SBM Offshore Signs 26 Year FPSO Deal with Petrobras
Wednesday, July 28, 2021SBM Offshore has announced that it has signed contracts with Petroleo Brasileiro S.A. for the 26.25 year lease and operation of the FPSO Almirante Tamandare.

Oil Up as Report Points to Shrinking USA Stockpiles
Wednesday, July 28, 2021Oil resumed gains after an industry report pointed to a decline in U.S. fuel and crude stockpiles, adding to signs of a tightening market.

Proserv Bags Deal for 22 Wellhead Control Panels
Wednesday, July 28, 2021Proserv Controls has announced that it has secured a 'significant' contract to manufacture and deliver 22 wellhead control panels to Basra Oil Company.

Reliance Vaccinates 98 Percent of Staff
Tuesday, July 27, 2021Reliance Industries Ltd., the conglomerate helmed by Asia's richest man, is among large Indian companies that have given at least one Covid-19 shot to most of their employees.

Brookfield Moves Closer to Pipeline Victory
Tuesday, July 27, 2021The takeover battle for one of Canada's largest energy companies moved closer to resolution.

BTC Miner Crusoe Energy Seeks Loan for Expansion
Tuesday, July 27, 2021Data center company Crusoe Energy Systems Inc. is sounding out investor interest in a potential debt deal that would help grow the firm's Bitcoin mining business, according to people with knowledge of the mater.

Lime Rock Buys Texas Assets for $500MM+
Tuesday, July 27, 2021Lime Rock Resources has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller.

BSEE Invites Public Comment on Decom Study
Tuesday, July 27, 2021The BSEE has invited the public to comment on a proposal to conduct a PEIS for decommissioning oil and gas platforms and other facilities on the POCS.

TotalEnergies Project Topsides Sail Away
Tuesday, July 27, 2021Sembcorp Marine Ltd has completed the fabrication of two wellhead topsides, one riser topside, and two bridges for deployment to TotalEnergies' redeveloped Tyra Field. PHOTO CREDIT: Sembcorp Marine.

Gas Byproduct Prices Surge 57 Percent
Tuesday, July 27, 2021Ethane, a key component in plastic production, is trading at a nearly two-and-a-half-year high in the U.S.

Oil Steady as Virus Casts Demand Shadow
Tuesday, July 27, 2021Oil steadied as investors assessed the outlook for global demand amid a resurgence in Covid-19 that's leading to tighter restrictions.

OGA Fines BP
Tuesday, July 27, 2021The UK Oil and Gas Authority has announced that it has fined BP plc and served the company a sanction notice.

Active Well Servicing Metric Keeps Growing
Tuesday, July 27, 2021The Energy Workforce & Technology Council has observed a gain in the North American well servicing rig count.

What's Missing from Oil Prices?
Tuesday, July 27, 2021Texas CEO tells Rigzone that Brent and WTI are omitting some important considerations.

Will North American Activity Pick Up in 2022?
Monday, July 26, 2021Here is a preview of what to watch this week in the oil and gas markets.

Oil Resumes Decline
Monday, July 26, 2021Oil headed for the first decline in five days as investors assessed the outlook for demand amid a resurgence in Covid-19 and as broader markets were on a softer footing.

Oil Giants Hunt for Last Big Hit Along Brazil Coast
Monday, July 26, 2021If an energy transition is underway around the world, it hasn't reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro's oil revival.

Seismic Cos Secure Survey Pre-Funding
Monday, July 26, 2021TGS, PGS (OSE: PGS), and WesternGeco have secured pre-funding for a 2,471 square mile multi-client 3D survey in the Sarawak basin, offshore Malaysia.

Eni Expands Renewable Projects
Monday, July 26, 2021Eni (NYSE: E), through Eni gas e luce, has signed a deal with Azora Capital for the acquisition of a portfolio of nine renewable energy projects in Spain.

TotalEnergies Signs Deal with Technip Energies
Monday, July 26, 2021TotalEnergies (NYSE: TTE) and Technip Energies (PARIS: TE) have announced that they have signed a deal to jointly develop low carbon solutions for LNG production and offshore facilities.

Chevron and Exxon Issue CCS Updates
Sunday, July 25, 2021Check out this recap of popular downstream-related articles on Rigzone.

Is the Oil Demand Outlook Too Rosy or Not Rosy Enough?
Friday, July 23, 2021Here is a review of oil and gas market hits and misses for the week ending July 23, 2021.

Novatek Establishes Climate Subcommittee
Friday, July 23, 2021PAO Novatek has revealed that its board of directors has established a subcommittee on climate and alternative energy.

Natural Gas Supply Concerns Mount
Thursday, July 22, 2021Natural gas futures closed at a 31-month high.

Is the Refining Sector in Crisis?
Thursday, July 22, 2021McKinsey & Company provides an answer.

42% of Q2 Texas Oil and Gas Job Listings Were in Three Cities
Wednesday, July 21, 2021TIPRO has reviewed Texas' Q2 2021 upstream, midstream, and downstream employment trends.

ADNOC Joins Hydrogen Council
Wednesday, July 21, 2021ADNOC has joined the Hydrogen Council, which is an international organization that aims to accelerate the global position of hydrogen through its member companies.

Analysis Shows Oil and Gas Execs Using More Environmental Buzzwords
Tuesday, July 20, 2021The world's biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.

Repsol in $779MM Portugal Site Expansion
Tuesday, July 20, 2021Repsol has announced that it will expand its industrial complex in Sines, Portugal, to make it one of the most advanced in Europe.

Texas Upstream Gains Nearly 8,800 Jobs
Monday, July 19, 2021TIPRO reveals the state's upstream job figures for the first half of 2021.

Is USA Gasoline Demand Leveling Off?
Monday, July 19, 2021Here is a preview of what to watch this week in the oil and gas markets.

ExxonMobil Joins Acorn CCS Project
Monday, July 19, 2021ExxonMobil (NYSE: XOM) has signed a Memorandum of Understanding to participate in the Acorn carbon capture and storage project in Scotland.

Oil Price Projections on the Rise
Sunday, July 18, 2021Look back at some of Rigzone's most popular downstream-related articles from last week.

Valaris Bags 16-Well Drill Deal and More
Saturday, July 17, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Major Forecasters Disagree on Oil Demand Recovery Paths
Friday, July 16, 2021There is some disagreement among IEA, EIA, and OPEC on the paths for oil consumption to exceed comparable 2019 levels and hit new highs.

Oil and Gas Producers Maintain Focus
Friday, July 16, 2021Rigzone panelists look back at oil and gas market hits and misses for the week ending July 16, 2021.

Harbour Energy Commits to End Routine Flaring
Friday, July 16, 2021Harbour Energy plc (LSE: HBR) has announced that it has become a signatory to the World Bank's 'Zero Routine Flaring by 2030' initiative.