Govt & Regulatory News

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Top Headlines: Aramco Awards Deals Worth $10B and More
Saturday, December 04, 2021Check out some of Rigzone's top stories this week.

Bears Out in Full Force This Week
Friday, December 03, 2021Rigzone's regular market watchers look at the emergence of a bear market, the Omicron Covid variant, OPEC+'s recent decision and more.

Winter May Spark Gas Storage Crisis in Europe
Friday, December 03, 2021European gas inventory is unusually low for this time of year, and it's being drawn down more quickly than usual too.

What Could Omicron Cost Global Oil Market?
Friday, December 03, 2021What could the new Covid variant mean for the global oil market?

Turkey Vows to Stop Exxon Venture Drilling Off Cyprus
Friday, December 03, 2021Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone.

Shell Pulls Out of Cambo
Friday, December 03, 2021Siccar Point is now in discussions with its contractors, supply chain and wider stakeholders to review options for the development.

OPEC+ Sticks to Planned Supply Hike
Thursday, December 02, 2021The group agreed to add 400,000 barrels a day of crude to global markets in January.

UK Well Success Rates Improve Regardless Of Covid Slowdown, Report Says
Thursday, December 02, 2021OGA's second Wells Insight report highlights significant opportunities remaining in the UK Basin, despite Covid resulting in a slowdown in 2020.

BofA Still Bullish on Oil Despite Omicron
Thursday, December 02, 2021Bank of America is sticking to its $85-a-barrel forecast.

South Africans Get Respite After Fuel Price Flub
Thursday, December 02, 2021South Africans finally got a sliver of good news.

Ex-FIFA Ref Gets Aberdeen Uni ET Director Role
Thursday, December 02, 2021Underhill used to be a professional football referee on the FIFA circuit.

Petrobras Sees More Oil Field Sales
Wednesday, December 01, 2021Brazil's state-controlled oil company plans to continue selling off its least profitable oil fields.

OPEC+ Meets to Debate Output Boost
Wednesday, December 01, 2021Ministers have been tight lipped about their intentions.

RRC Adopts New Critical Designation Rules
Wednesday, December 01, 2021The new rules implement provisions in House Bill 3648 and Senate Bill 3.

CNOOC Deregisters With SEC
Wednesday, December 01, 2021CNOOC Limited (TSX: CNU) announced Tuesday that it intended to deregister with the United States Securities and Exchange Commission.

Newfoundland Refinery Gets New Life
Wednesday, December 01, 2021The idled Come By Chance refinery in Newfoundland and Labrador will be transformed into a green diesel plant.

Aramco Awards Deals Worth $10B
Wednesday, December 01, 2021The deals comprise 16 subsurface and engineering, procurement and construction contracts.

Gazprom Reports Record 3Q Profit
Tuesday, November 30, 2021Net income rose to 581.8 billion rubles ($7.8 billion) compared with a net loss a year ago.

Flooded BC Extends Fuel Rationing Ahead of Storm
Tuesday, November 30, 2021Parts of British Columbia are still struggling with damage from floods and landslides that closed highways and railways two weeks ago.

What Can We Expect From OPEC+?
Tuesday, November 30, 2021OPEC+ is scheduled to meet in the coming days.

USA Proceeds with SPR Release Despite Price Drop
Tuesday, November 30, 2021"We are not reconsidering," White House Press Secretary Jen Psaki told reporters.

Biden Says USA Gas Prices Will Drop Soon
Monday, November 29, 2021Americans will see prices at the pump fall "before long".

OPEC+ to Discuss Omicron Response This Week
Monday, November 29, 2021Crude futures sank more than 10 percent in both London and New York on Friday amid fears that Omicron could hit demand.

CMA Refers CHC Deal for In-Depth Investigation
Monday, November 29, 2021In September, CHC Helicopter Group announced the completion of its acquisition of Babcock International's offshore oil and gas aviation business.

Saudi Energy Minister Not Concerned About Omicron
Monday, November 29, 2021OPEC+ meets Thursday to decide on January output.

Continued Oil Price Reduction Commentary Expected
Monday, November 29, 2021Rigzone's regular energy prognosticators look at expected U.S. Government moves, OPEC+ reactions and more.

Oil Rebounds as Traders Size Up Covid Threat
Monday, November 29, 2021Brent rallied, climbing along with West Texas Intermediate, after the global benchmark posted the seventh largest ever dive in last week's final session.

Top Headlines: BP Goes on Hydrogen Hiring Spree and More
Saturday, November 27, 2021Check out some of Rigzone's top stories this week.

Oil Crashes as New Covid Variant Roils Markets
Friday, November 26, 2021Both benchmarks tumbled on Friday with the emergence of the new variant.

Energy Aspects Says Oil Overreacting to Covid News
Friday, November 26, 2021The material hit to demand is likely about 15,000 barrels a day, chief oil analyst Amrita Sen said.

SPR Release Symbolic and Political
Friday, November 26, 2021Rigzone's regular market watchers look at the effects of the U.S. Strategic Petroleum Reserve release, rig count trends, potential price spikes and more.

Shell Sees Major Potential for SAF in Asia
Friday, November 26, 2021Alternative aviation fuel, which can be made from feedstocks including algae and cooking oil, is still a lot more expensive than traditional jet fuel.

China On Board With Oil Release
Friday, November 26, 2021China's ambiguity on whether it will join the U.S.-led coordinated release of oil reserves is aimed at a domestic audience.

Equinor Submits $1.1B Plan For Further Oseberg Development
Friday, November 26, 2021Equinor has submitted a plan for development and operation for the Oseberg field in the North Sea.

Halliburton Unit Hired to Plug Delta Spill
Thursday, November 25, 2021Halliburton's Boots & Coots unit has been called in by independent producer Aiteo Eastern E&P Co. to contain a leak.

UAE Says It Has No Prior Position Before OPEC+ Meeting
Thursday, November 25, 2021The UAE remains fully committed to the OPEC+ alliance.

New Type of Price War is Brewing
Thursday, November 25, 2021A new and unchartered type of price war is brewing, according to Rystad Energy.

California Gasoline Price Hits Record on Thanksgiving
Thursday, November 25, 2021The average price for regular unleaded gasoline in California hit a new record.

Asia Oil Refining Renaissance Grinding into Reverse
Thursday, November 25, 2021Margins from processing crude across Asia slipped from recent highs this month.

Chevron Venezuela Operations in Limbo
Thursday, November 25, 2021The U.S. is leaving Venezuelan operations of Chevron Corp. at a standstill.

OGA Says Continuing North Sea Exploration is Vital
Thursday, November 25, 2021Continuing North Sea exploration is vital, according to the OGA.

Oil Down After Biggest USA Supply Build in 3 Weeks
Wednesday, November 24, 2021A government report showed U.S. stockpiles increased 1.02 million barrels last week.

Traders Pile Into $70 Longer Term Crude Price
Wednesday, November 24, 2021Oil traders are betting that longer-term crude prices could be set to spike.

OPEC+ Urged to Relieve Artificial Tightness
Wednesday, November 24, 2021The Organization of Petroleum Exporting Countries and its allies will meet next week to discuss production policy.

China Ambiguous on USA-Coordinated Release
Wednesday, November 24, 2021China has been ambiguous in its position over a U.S.-coordinated release of strategic oil reserves.

Shale Patch Sees Limited Impact from Biden Oil Release
Wednesday, November 24, 2021Industry players generally agreed that the move will have a limited effect on lowering gasoline prices.

Anti-OPEC+ Officially Emerges
Wednesday, November 24, 2021A set of top oil-consuming countries are taking the supply-side dynamics into their own hands.

RBC Says USA May Release More Oil Reserves
Tuesday, November 23, 2021The U.S. believes it has the ability to release more oil from its reserves, according to RBC Capital Markets analysts.

Biden Orders Release of USA Oil Reserves
Tuesday, November 23, 2021The U.S. will release 50 million barrels of crude from its strategic reserves.

Total, Eni Ready to Invest Billions in Libya
Tuesday, November 23, 2021Total will put $2 billion into Libya's Waha oil project, which will boost production by around 100,000 barrels a day.