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Oil Up on US Vaccination Optimism
Monday, November 23, 2020Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
Wintershall Dea Sets Net Zero Target
Monday, November 23, 2020Wintershall Dea aims to achieve net zero emissions on its upstream activities by 2030.
China to Take US Oil Refining Crown
Monday, November 23, 2020America has been top of the refining pack since the start of the oil age in the mid-nineteenth century, but China will dethrone the U.S. as early as next year, according to the International Energy Agency.
Abu Dhabi Okays $122B Oil and Gas Spending Plan
Monday, November 23, 2020The UAE is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.
OGUK Explores Decom in a Low Carbon Future
Sunday, November 22, 2020Industry body Oil & Gas UK is exploring decommissioning in a low carbon future in its first virtual conference on November 24-25.
Aramco Awards Major Deals and More
Saturday, November 21, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Norway Opens More Arctic Areas to Oil Sector
Friday, November 20, 2020Norway is offering fresh exploration licenses in the far north less than a week after the Supreme Court finished hearing an appeal over earlier Arctic permits.
Oil Set for Weekly Gain on Vaccine Optimism
Friday, November 20, 2020Oil is poised for a third weekly gain in New York as positive Covid-19 vaccine developments outweighed concerns about more restrictions stemming from a global surge in infections.
Halliburton to Set Emission Reduction Targets
Friday, November 20, 2020Halliburton Company (NYSE: HAL) announced Thursday its commitment to set science-based targets to reduce greenhouse gas emissions.
OGA Highlights Benefit of UK Energy Integration
Friday, November 20, 2020Integrating energy systems could deliver around 30 percent of the carbon reduction needed to meet the UK's 2050 net zero target, according to a new report from the UK Oil and Gas Authority.
Oil Steady Amid Virus Measures and OPEC+ Dispute
Thursday, November 19, 2020Oil was steady near a two-month high as investors weighed tighter U.S. restrictions to curb the virus spread and emerging cracks in the united front put up by OPEC+ as it struggles to manage the market.
UAE Escalates OPEC Dispute
Thursday, November 19, 2020The United Arab Emirates ratcheted up tension with oil allies in OPEC+, with officials privately questioning the benefits of being in the producers' alliance.
McDermott Secures $560MM in New Capital
Thursday, November 19, 2020McDermott International has announced that it has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year.
Eni Tops Corporate Human Rights Benchmark
Thursday, November 19, 2020Eni (NYSE: E) has been ranked joint first in the World Benchmarking Alliance's Corporate Human Rights Benchmark (CHRB).
Petronas Calls for Stronger ET Collaboration
Thursday, November 19, 2020Petronas has called for a stronger collaboration among ASEAN governments, energy players and the public and private sectors.
Shell Takes Top Bid Spot for Offshore Lease Sale
Thursday, November 19, 2020The auction generated $120,868,274 in high bids for 93 tracts covering approximately 79 million acres in federal GOM waters.
Oil Up as Stockpile Gain Offset by Stronger Asia Demand
Wednesday, November 18, 2020Oil rose toward $42 a barrel in New York as signs of a robust demand recovery in Asia offset a jump in U.S. crude stockpiles.
OPEC Revises 2020 Oil Demand Forecast
Wednesday, November 18, 2020OPEC has lowered its 2020 oil demand forecast to -9.8 million barrels per day.
Feds Propose 2021 Offshore Lease Sale
Wednesday, November 18, 2020BOEM on Tuesday proposed offering approximately 78.2 million acres for a March 2021 region-wide GOM lease sale.
Saudi Arabia Seeks to Become Top Hydrogen Exporter
Wednesday, November 18, 2020The world's biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen.
Greenpeace Applauds UK Plan to End Internal Combustion Engine Car Sales
Wednesday, November 18, 2020Boris Johnson on Wednesday unveiled a sweeping package of measures designed to zero out Britain's greenhouse gas pollution by mid-century.
Oil Steady After Rising on Vaccine Progress
Tuesday, November 17, 2020Oil was steady near $41 a barrel with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
How Much Oil and Gas Has Been Found in 2020?
Tuesday, November 17, 2020Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent, according to a new Rystad Energy analysis.
Aramco Kicks Off Bond Sale
Tuesday, November 17, 2020Saudi Aramco kicked off a jumbo bond sale Tuesday to help fund a $75 billion dividend, returning to the debt markets for the first time since April of last year.
Oil Up On China Recovery and US Lockdown News
Monday, November 16, 2020Oil rose on optimism over China's recovery from a virus-led demand crash and as advisers to President-elect Joe Biden ruled out a national lockdown to curb the spread of Covid-19.
OPEC+ Gets Scant Relief from Vaccine
Monday, November 16, 2020Oil markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can't celebrate.
Saudi Aramco Eyes Debt Market to Support $75B Dividend Payout
Monday, November 16, 2020Saudi Aramco is set to return to the bond markets for the first time since April of last year as it seeks to fund a $75 billion dividend commitment.
Gulfport Energy Files Chapter 11 Bankruptcy
Monday, November 16, 2020Gulfport Energy filed for bankruptcy, joining a slew of US oil and gas companies that are collapsing after the pandemic deepened their struggle with low prices and too much debt.
British PM Eyes Banning Gasoline and Diesel Car Sales
Monday, November 16, 2020UK Prime Minister Boris Johnson is weighing controversial proposals to ban the sale of new petrol and diesel cars within a decade.
Violently Positive Oil Prices and More
Saturday, November 14, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Norway Court Decision Could Nix 10 Arctic Licenses
Friday, November 13, 2020Climate activists are trying to drag western Europe's biggest oil producer out of the Arctic.
Michigan Ramps Up Battle with Enbridge
Friday, November 13, 2020Enbridge's battle with Michigan escalated on Friday as the governor took new legal action to shut down a key pipeline.
Oil Steady Amid Signs OPEC+ Will Keep Cuts
Thursday, November 12, 2020Oil was steady as OPEC+ appeared to be closing in on an agreement to delay a planned easing of production cuts from the start of next year.
Bullish Bonanza for Oil Traders
Thursday, November 12, 2020This week is a 'bullish news bonanza' for oil traders.
First Unconventional Gas from UAE Delivered
Thursday, November 12, 2020The Abu Dhabi National Oil Company and Total (NYSE: TOT) have delivered the first unconventional gas from the United Arab Emirates.
IEA Cuts Oil Demand Outlook
Thursday, November 12, 2020The International Energy Agency cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough won't quickly revive markets.
Eni Faces Forced Unitization of West Africa Fields
Thursday, November 12, 2020Ghana's government is forcing Eni SpA to merge its Sankofa offshore oil field with a neighboring discovery made by a domestic explorer.
San Francisco Imposes Natural Gas Ban
Thursday, November 12, 2020California towns and cities remain at the forefront of a push to phase out the use of gas in homes and buildings.
Oil Up After Report Points to Easing US Stockpiles
Wednesday, November 11, 2020Oil extended gains in New York after an industry report pointed to a bigger-than-expected decline in U.S. crude stockpiles.
EIA Decreases Oil Price Forecasts
Wednesday, November 11, 2020The U.S. Energy Information Administration has reduced its Brent crude and West Texas Intermediate spot price predictions for both 2020 and 2021.
Noble Corporation in Temporary Name Change
Wednesday, November 11, 2020Noble Corporation plc (OTC-PINK: NEBLQ) has announced that it has changed its name to Noble Holding Corporation plc.
Libya Oil Production at 1.1 Million Barrels a Day
Wednesday, November 11, 2020Libya boosted oil output to more than 1.1 million barrels a day, inching closer to the level it was producing before the country's civil war all but shut down its energy industry in January.
Tullow Completes $500MM+ Total Deal
Wednesday, November 11, 2020Tullow Oil plc (LON: TLW) announced Tuesday that the sale of its assets in Uganda to Total (NYSE: TOT) has now completed.
Texas Takes Action to Reduce Gas Flaring
Tuesday, November 10, 2020Texas's oil regulator took action to reduce routine natural gas flaring but its efforts fall short of more aggressive measures requested by some investors and major producers.
Oil Prices in Violently Positive Reaction
Tuesday, November 10, 2020Oil prices reacted in a 'violently positive' manner on Monday as the market priced in the possibility of a quicker roll-out of a global vaccine.
Heerema Winding Down Angola JVs
Tuesday, November 10, 2020Heerema Marine Contractors has revealed that its Angola joint ventures are no longer economically viable.
Armed Pirates Approach Oil Tanker
Tuesday, November 10, 2020Reporting indicates that the Marshall Islands flagged oil tanker M/T Wesley was approached while underway off Bayelsa State.
ENOG Sees Reserves Increase at Israeli Assets
Tuesday, November 10, 2020Energean plc (LSE: ENOG) has announced a 'significant' 2P reserves increase at its Israeli assets.
Shell to Cut Hundreds of Singapore Refinery Jobs
Tuesday, November 10, 2020Royal Dutch Shell Plc will slash oil-processing capacity at its largest refinery, resulting in hundreds of job losses over the next three years.
Libya Oil Output Hits 1 Million Barrels
Monday, November 09, 2020Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country after civil war all but shut its energy industry.