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Top Insurers' Climate Losses Nearly Match Premiums from Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future.
7:00 PM EST | December 09, 2024
Diesel Market Growth in India Slows Down
In the first 10 months of 2024, volumes expanded by just 1.8 percent, the slowest pace since 2020, when pandemic lockdowns hit demand.
7:00 PM EST | November 04, 2024
Petrobras to Launch Second Phase of Offshore Wind Research
The company is investing $10.5 million into the new sea wind testing and measuring phase.
8:00 PM EST | October 27, 2024
China Oil Refining, Steel Output Continue to Slump
Oil refining fell to a three-month low of 58.73 million tons as more units were shuttered for seasonal maintenance.
8:00 PM EST | October 17, 2024
AIQ, Halliburton Partner to Drive AI-Powered Well Optimization
'The combination of AIQ's AI technology and Halliburton's extensive industry expertise will help enable greater efficiency and maximize value for our customers' assets'.
8:00 PM EST | July 03, 2024
Norway Opens Review of Production Licenses Data Sharing Guideline
The Norwegian Offshore Directorate issued a call for review participation for a guideline crafted by companies under the FORCE umbrella for sharing ensemble data in production licenses.
8:00 PM EST | June 23, 2024
Oil Refining in China Expected to Falter This Year after Decades of Growth
China's decades-long boom in oil processing could falter this year in a blow to global demand and the aspirations of OPEC+ producers seeking to return supply to the market.
8:00 PM EST | June 13, 2024
IEA Sees Major Oil Surplus This Decade
The IEA forecast a surplus petroleum production of up to eight MMbpd by 2030 as cleaner transport and electricity generation drive a decline in demand while non-OPEC countries continue to grow output capacity.
8:00 PM EST | June 12, 2024
Petrobras Boosts Investment in Natural Hydrogen Research
The research will look into generation processes and the feasibility of extracting natural hydrogen in the country.
8:00 PM EST | May 06, 2024
Average of 100 Coal Layoffs Per Day Until 2035: Report
Almost half a million jobs will be cut in the coal industry by 2035, as the market shifts toward renewable energy, according to analysis by the nonprofit Global Energy Monitor.
8:00 PM EST | October 10, 2023
Azule Energy Taps Palantir to Optimize Upstream Production
'Palantir Foundry will serve as the digital foundation for Azule Energy's upstream production business...'
8:00 PM EST | August 10, 2023
Kongsberg Digital Solution Picked For Soechi Lines Fleet
Kongsberg Digital has been contracted to deliver Vessel Insight to six vessels in Soechi Lines fleet.
8:00 PM EST | October 27, 2022
Schlumberger And Cognite Form Strategic Data Solutions Partnership
Schlumberger has partnered with Cognite to enable the integration of respective data in a single platform.
8:00 PM EST | September 15, 2022
Ashtead Wraps Up First LUMA Modems Subsea Monitoring Job
Ashtead Technology has put the LUMA high-speed through-water wireless optical modems through their paces.
8:00 PM EST | March 28, 2022
Oil, Gas Supermajors Living Beyond their Means
Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.
7:00 PM EST | January 15, 2020
Metric Shows Expanding Oil Market Supply
Supplies to the global oil market have risen for three consecutive weeks, according to EIU.
7:00 PM EST | January 09, 2020
US Rig Count Continues its Decline
The U.S. dropped a total of 15 oil and gas rigs this week, according to data from Baker Hughes Company.
7:00 PM EST | January 09, 2020
US Drops Thousands of Mining Support Jobs in December
The U.S. saw declines in support activities for mining for most of 2019.
7:00 PM EST | January 09, 2020
Gulf of Mexico Hits Record Daily Production
The U.S. Gulf of Mexico made history in August as it exceeded oil production of 2MMbopd, according to the U.S. Bureau of Safety and Environmental Enforcement.
7:00 PM EST | January 06, 2020
Top 10 Articles by Rigzone Staff in 2019
Rigzone reveals the most-read articles written by staff in 2019.
7:00 PM EST | December 29, 2019
US Drops Eight Oil Rigs
The U.S. dropped eight oil rigs this week while the number of gas rigs remained flat.
7:00 PM EST | December 26, 2019
US Loses Thousands of Upstream Jobs in November
The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics.
7:00 PM EST | December 05, 2019
US Rig Count Dips Slightly
The U.S. saw a net decrease of one rig this week.
7:00 PM EST | November 26, 2019
Oil and Gas Cybersecurity Price Tag Could Top $20B
Oil and gas companies will spend more than $20 billion on cybersecurity by 2023, according to a survey conducted by the consulting firm BDO.
7:00 PM EST | November 26, 2019
US Rig Count Continues its Decline
The nation dropped seven oil rigs while the number of gas rigs remained flat.
7:00 PM EST | November 07, 2019
US Rig Count Drops by Eight
The nation dropped five oil rigs and three gas rigs for a net loss of eight rigs, according to weekly data from Baker Hughes Co.
8:00 PM EST | October 31, 2019
US Gains 400 Upstream Jobs in October
The U.S. saw slights employment gains in both oil and gas extraction and support activities for mining, according to the BLS' job report.
8:00 PM EST | October 31, 2019
US Natural Gas Inventories Beat Five-Year Average
This week's inventory level ends a 106-week streak of lower-than-normal natural gas inventories.
8:00 PM EST | October 17, 2019
US Drops Six Gas Rigs
The U.S. dropped six gas rigs and added one oil rig for a net loss of five rigs this week, according to Baker Hughes Co.
8:00 PM EST | October 17, 2019
US Rig Count Increases for First Time in Two Months
The U.S. saw a net gain of one rig, ending a seven-week long string of declines.
8:00 PM EST | October 10, 2019
Energy Firms in US 10th Dist. See Decreased Activity in 3Q
Oil and gas firms in the U.S.' 10th District saw a moderate decrease in activity for the third quarter of 2019, according to results of the Kansas City Fed's 3Q energy survey.
8:00 PM EST | October 10, 2019
US Loses Jobs in Support Activities for Mining in Sept.
Jobs in support activities for mining declined in September, continuing the downward trend this year, according to data released from the U.S. Bureau of Labor Statistics.
8:00 PM EST | October 06, 2019
US Rig Count Declines by Five
This week's losses places the U.S.' number of active rigs at 855.
8:00 PM EST | October 03, 2019
US Upstream M&A Keeps Its Momentum in 3Q
After rebounding in second quarter of 2019, U.S. upstream mergers and acquisitions activity maintained its momentum in third quarter, according to analysis by oil and gas data analytics company, Enverus.
8:00 PM EST | October 01, 2019
Oil, Gas Activity Down in 3Q for US 11th District
Oil and gas activity declined in the third quarter of 2019 among energy firms in U.S.' 11th District, according to results from the Dallas Fed's 3Q Energy Survey.
8:00 PM EST | September 24, 2019
US Drillers Lose 18 Oil, Gas Rigs
The U.S. lost a net total of 18 oil and gas rigs this week.
8:00 PM EST | September 19, 2019
US Loses Another Dozen Oil, Gas Rigs
The nation's number of active rigs dropped by 12 this week.
8:00 PM EST | September 12, 2019
US Oil, Gas Rig Count Drops by Six
The U.S.' rig count continues its descent, dropping six oil and gas rigs this week, according to Baker Hughes, a GE Company.
8:00 PM EST | September 05, 2019
Who Leads the World's E&Ps in Production Growth?
Rystad Energy ranks the world's E&Ps according to their production growth over the last five years.
8:00 PM EST | August 14, 2019
South America Fuels Booming FPSO Market
The global market for floating production, storage and offloading (FPSO) vessels is booming, according to energy research firm Rystad Energy.
8:00 PM EST | August 12, 2019
US Drops Six Oil Rigs
The nation offset a loss of six oil rigs with an addition of two gas rigs.
8:00 PM EST | August 01, 2019
US M&A Market Roars Back to Life in 2Q
U.S. mergers and acquisitions activity roared back to life in the second quarter, anchored by three deals worth more than $5 billion each, according to PwC.
8:00 PM EST | July 24, 2019
Data Science Can Be Offshore Change Agent
Cognite's Francois Laborie shows off his support for greater data-sharing in oil and gas at OTC.
8:00 PM EST | May 08, 2019
ABB Execs Talk Tech's Impact on Oil, Gas and More
Rigzone spoke with ABB executives during the CERAWeek by IHS Markit conference about the oil and gas industry's technological evolution and sustainability in the industry.
8:00 PM EST | March 14, 2019
Refiners Find Financial Rewards from Digital, But More Value Awaits
An Accenture report finds there is additional value in digital technologies that refiners have not yet taken full advantage of.
8:00 PM EST | June 14, 2018
TWITTER POLL: Would Oil, LNG, LPG Exporters Pay for Proposed US Tariffs?
Rigzone Twitter poll asks if retaliation is in the offing.
7:00 PM EST | March 05, 2018
Oil Prices Have Limited Upside
The 40% increase in oil prices since August is likely to stimulate a strong production response.
7:00 PM EST | January 29, 2018
After Hot Start, 2017 M&A Activity Ends with Whimper
PwC reports a lackluster end of 2017 regarding deal-making as companies shifted their focus.
7:00 PM EST | January 24, 2018
Texas Oil Economist Predicts Record Output in 2018
Oil production in 2018 is set to break records, according to oil economist Karr Ingham.
7:00 PM EST | January 24, 2018