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US GOM Methane Emissions Much Higher Than Those In Permian
Monday, August 15, 2022A new study has suggested that offshore oil and gas production in the U.S. Gulf of Mexico has substantially higher methane emissions than those from typical onshore production.

Industry Body Sets Out 7 Key Asks for Future UK PM
Monday, August 15, 2022Offshore Energies UK has written open letters to UK prime ministerial hopefuls Rishi Sunak and Liz Truss.

Russia Gas Transit Payment Goes Through After Glitch
Monday, August 15, 2022Russia's payment to Ukraine for natural gas transit this month has gone through without problems, according to people familiar with the situation.

Oil Market Watcher Flags Inflation Reduction Act
Monday, August 15, 2022Rigzone's regular energy prognosticators take a look at the Inflation Reduction Act, gasoline demand, and the hope of oil 'longs'.

Aramco Profit Surges to Another Record
Monday, August 15, 2022Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally.

Buffett Boosts Oxy Stake
Monday, August 15, 2022The amount of Occidental securities beneficially owned by Berkshire now stands at 188,366,460, according to a SEC filing.

Oil Rig Headed to Drill in South Africa's Litigious Waters
Sunday, August 14, 2022A rig hired by Eco Atlantic Oil & Gas Ltd. and partners is headed for waters off South Africa.

Top Headlines: 88 Energy Makes Billion Barrel Oil Announcement and More
Saturday, August 13, 2022Check out some of Rigzone's top stories during the last week.

Oil Price Rally Explained
Friday, August 12, 2022Rigzone's regular market watchers focus on the latest crude oil market moves, inventory trends, demand expectations and more.

Oil Outages in Gulf of Mexico Straining Tight Market
Friday, August 12, 2022Six oil and gas fields in the Gulf of Mexico have been shut.

Goldman Sees USA Gasoline Prices Climbing Back to $5
Friday, August 12, 2022Gasoline and oil prices should bounce back, according to Goldman Sachs Group Inc.

Freeport LNG Withdraws Force Majeure
Friday, August 12, 2022Freeport LNG has withdrawn the force majeure that was declared for an explosion at the site.

USA Gasoline Price Drops to Under $4
Friday, August 12, 2022The U.S. regular average gasoline price dropped to under $4 per gallon on Thursday.

Trans Mountain Corporation Appoints New President and CEO
Friday, August 12, 2022The appointment is effective August 15.

Cheap USA Oil Undercuts Middle Eastern Crude
Friday, August 12, 2022Asian buyers have snapped up a huge volume of cheap US oil.

Can Europe Live Without Russian Gas?
Thursday, August 11, 2022It was once thought unthinkable that Europe could get through a winter comfortably without Russian gas.

IEA Sees Little Chance OPEC+ Will Supply More Oil
Thursday, August 11, 2022OPEC+ is unlikely to increase output in the coming months, according to the IEA.

88 Energy Makes 1 Billion Barrel Oil Announcement
Thursday, August 11, 2022'Resources of this magnitude present our shareholders with significant upside potential and opportunity'.

Cuba Supertanker Blaze Under Control
Thursday, August 11, 2022The fire at the supertanker base of Matanzas has been controlled.

Exxon Eyes Global Trading Expansion
Thursday, August 11, 2022Exxon Mobil Corp is considering expanding its trading operations globally.

Big Oil To Go Deep Into Trillion-Dollar Offshore Wind Industry
Thursday, August 11, 2022Over the next decade, the offshore wind industry will attract almost $1 trillion in new investment and Big Oil will be a massive part of it.

Centrica and Delfin in $8.4B LNG Deal
Thursday, August 11, 2022Centrica and Delfin Midstream Inc have announced the signing of a heads of agreement.

OPEC Sees Global Oil Market Tipping Into Surplus
Thursday, August 11, 2022OPEC expects global oil markets to tip into surplus this quarter.

Europe Set to Start Winter Seriously Short of Diesel
Wednesday, August 10, 2022Northwest Europe is forecast to begin a perilous winter with historically low amounts of diesel.

U.S. Energy Production Noted Record Drop In 2020
Wednesday, August 10, 2022In 2020, energy production in the U.S. fell by record amounts compared with 2019, mostly due to decreased economic activity during the Covid-19 pandemic.

Brent-WTI Oil Price Spread at Highest Point Since 2014
Wednesday, August 10, 2022The price spread between Brent and West Texas Intermediate oil increased to a high of $13.26 per barrel on July 29.

Wind Industry Feeling Tight Squeeze On Supply Chain
Wednesday, August 10, 2022The wind energy market is growing fast but many turbine and component suppliers face negative profits in the face of serious supply chain challenges, Wood Mackenzie said.

Pioneer CEO Says Tax Bill May Crush USA Mom-N-Pop Oil Drillers
Wednesday, August 10, 2022'There'll be more pressure on that small mom-and-pop independent'.

Global Onshore Crude Stocks Edge Down
Wednesday, August 10, 2022'Global onshore crude stocks edged down from their mid-May peak'.

457MW California Solar Project Reaches Full Power
Wednesday, August 10, 2022The Palen Solar Project is a 457-megawatt photovoltaic facility in Riverside County, California.

Devon in $1.8B Eagle Ford Deal
Wednesday, August 10, 2022The transaction is expected to close at the end of the third quarter of 2022.

USA Pump Prices Slump Toward $4 a Gallon
Wednesday, August 10, 2022Pump prices in the U.S. are on the cusp of falling below $4 a gallon.

Oil Supermajors Continue to Hold Back on Investment
Tuesday, August 09, 2022Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm.

IRA Dubbed Most Consequential Energy Legislation in Decades
Tuesday, August 09, 2022The IRA will be 'the most significant federal climate action ever'.

BP Selling Stake in Ohio Refinery
Tuesday, August 09, 2022The BP-operated refinery can process up to 160,000 barrels of crude oil per day.

USA Driving Season Labeled Major Disappointment
Tuesday, August 09, 2022'The driving season, which most assume starts in late May, has not provided the usual boost to demand this year'.

Oil Edges Lower as Russian Flows Halted
Tuesday, August 09, 2022Oil futures ended slightly lower Tuesday, reversing earlier gains.

USA Senate Passes Inflation Reduction Act
Monday, August 08, 2022The U.S. Senate has passed the Inflation Reduction Act of 2022.

One Killed in Cuba Supertanker Fire
Monday, August 08, 2022The fire was caused by an electrical discharge at the base of the Matanzas supertanker.

Market Watcher Flags Oil Buy Signal
Monday, August 08, 2022Rigzone's regular energy prognosticators take a look at technical pricing aspects of West Texas Intermediate oil, weather patterns in August, refinery maintenance implications and more.

ADNOC Drilling Gets $3.4B Worth Of Jack-Up Deals
Monday, August 08, 2022Abu Dhabi National Oil Company has awarded two contracts totaling more than $3.4 billion to ADNOC Drilling for 8 jack-up offshore rigs.

USA Drops Rigs
Monday, August 08, 2022The U.S. rig count dropped week on week.

Above Normal Atlantic Hurricane Season Still on the Cards
Sunday, August 07, 2022NOAA forecasters slightly decreased the likelihood of an above-normal Atlantic hurricane season to 60 percent.

Top Headlines: Pantheon Hits Multiple Oil Reservoirs at 2nd Alkaid Well
Saturday, August 06, 2022Check out some of Rigzone's top stories during the last week.

Chesapeake Tightens Strategic Focus
Friday, August 05, 2022'Simply put, we are tightening our strategic focus around our best rock, best operations and lowest emissions footprint'.

UK PM Hopefuls Invited to Energy Debate
Friday, August 05, 2022UK prime ministerial hopefuls Liz Truss and Rishi Sunak have been invited to take part in a Net Zero and Energy Security Hustings.

ConocoPhillips Profit Jumps To Over $5 Billion
Friday, August 05, 2022ConocoPhillips has reported a rise in second-quarter 2022 earnings. The company earned $5.1 billion compared with second-quarter 2021 earnings of $2.1 billion.

UKCS Oil And Gas Decommissioning Cost Estimate Drops By 25 Pct
Friday, August 05, 2022The decommissioning cost of the UK oil and gas infrastructure has been cut by 25 percent in the past five years, according to the latest estimates.

Oil Prices Drop to Levels Not Seen in Months
Friday, August 05, 2022Brent crude and West Texas Intermediate oil prices dropped.

What Fueled Oil Price Downtrend?
Friday, August 05, 2022Rigzone's regular market watchers focus on the factors that fueled the oil price downtrend, OPEC+'s latest moves, driving season trends and more.