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Denmark to End North Sea Oil Production
Friday, December 04, 2020Denmark, the European Union's biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future.
Eni Enters Largest Offshore Wind Project
Friday, December 04, 2020Eni (NYSE: E) announced Friday that it has entered the world's largest offshore wind project with the acquisition of a 20 percent stake in the UK Dogger Bank (A and B) 2.4 gigawatt development.
Oil Rises Towards $50 After OPEC+ Deal
Friday, December 04, 2020Oil extended gains toward $50 a barrel after OPEC+ reached a compromise deal to gradually taper production cuts, ending days of uncertainty.
World Gas Conference Delayed to 2022
Thursday, December 03, 2020The 28th World Gas Conference has been rescheduled to 2022 following a risk assessment on the impact of the Covid-19 pandemic by the International Gas Union.
Fire Breaks Out at Equinor Methanol Plant
Thursday, December 03, 2020Equinor (NYSE: EQNR) has announced that a fire with smoke development was reported on December 2 at 14:40pm in a compressor house at the methanol plant at Tjeldbergodden.
Fitch Solutions Raises Oil Price Forecasts
Thursday, December 03, 2020Fitch Solutions Country Risk & Industry Research has increased its Brent oil price forecasts to 2024, the company's latest oil price outlook has revealed.
Petrobras Chief Likens Net Zero to Fad
Wednesday, December 02, 2020His stance more or less echoes ExxonMobil and Chevron's.
Shell Secures BHP LNG Supply Deal
Wednesday, December 02, 2020BHP revealed Tuesday that it has awarded Shell an LNG supply deal for five LNG fueled Newcastlemax bulk carriers.
Santos in 2040 Net Zero Target
Tuesday, December 01, 2020Santos Ltd (OTCMKTS: SSLZY) revealed Tuesday that it is targeting net zero emissions from its scope one and two activities by 2040.
LNG Canada CEO Writes Open Letter After Outbreak
Tuesday, December 01, 2020LNG Canada's chief executive officer, Peter Zebedee, has written an open letter following the confirmation of additional Covid-19 cases at the LNG Canada project site in Kitimat, B.C.
Crude Oil Tanker Crew Kidnapped
Tuesday, December 01, 2020Reporting indicates that the MV Agisilaos crude oil tanker has been boarded by an unknown number of people while underway in the Gulf of Guinea, resulting in the kidnap of four crew.
Exxon Faces Historic Writedown
Tuesday, December 01, 2020Exxon Mobil Corp. is about to incur the biggest writedown in its modern history.
What Happens if OPEC+ Doesn't Delay Supply Increase?
Tuesday, December 01, 2020If OPEC+ increases its production as planned from January, the world will have to face a new 200+ million barrel surplus through May, Rystad Energy calculates.
OPEC+ Talks Delayed as Split Deepens
Tuesday, December 01, 2020OPEC+ talks were delayed for two days to give ministers more time to reach a deal.
Oil Down on Signs of OPEC+ Discord
Monday, November 30, 2020Oil dropped as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel's power brokers later on Monday.
KXL Indigenous Investors Plan to Get Financing by Q1
Friday, November 27, 2020The indigenous group seeking to buy a stake in TC Energy Corp.'s Keystone XL oil pipeline expects to secure financing by the first quarter of next year.
Libya Oil Comeback Has Legs
Friday, November 27, 2020Libya's oil industry, trampled by civil war and chaos, is roaring back.
More Positive Covid Cases at LNG Canada Project
Friday, November 27, 2020Northern Health Authority has confirmed additional positive Covid-19 cases at the LNG Canada project site in Kitimat, B.C, LNG Canada and JGC Fluor have revealed in a joint statement.
Oil Rally Stalls Amid OPEC+ Tensions
Friday, November 27, 2020Brent oil edged lower, but was on track for a fourth weekly gain, amid signs of division among OPEC+ members just days before a key policy meeting.
OPEC Watchers Expect 3 Month Supply Boost Delay
Thursday, November 26, 2020OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and refiners.
Saipem Supports Women Empowerment Principles
Thursday, November 26, 2020Saipem (BIT: SPM) revealed Thursday that it has signed a declaration of support for the Women Empowerment Principles (WEP) and the Manifesto for female employment of the Valore D association.
Eni Pitches Supercomputer Against Virus
Thursday, November 26, 2020Eni (NYSE: E) has announced that its HPC5 supercomputer has run the most complex molecular computation test ever conducted in the world in order to identify new treatments against the virus.
Repsol to Rein in Oil Output and Boost Renewables
Thursday, November 26, 2020Repsol SA outlined its plans for a greener future, saying it intends to wind down the search for oil and expand its renewable capacity fivefold during the next decade.
Snam Sets Ambitious Zero Emissions Goal
Wednesday, November 25, 2020Italian gas pipeline operator Snam SpA set an ambitious net zero-emissions target for 2040 and raised guidance as it continues to invest in green energy and joint hydrogen projects.
IEF Condemns Jeddah Attack
Wednesday, November 25, 2020The International Energy Forum has condemned the attack on a fuel tank facility in Jeddah, Saudi Arabia.
Oil Keeps Going Up on Demand Optimism
Wednesday, November 25, 2020Oil kept rising after closing at an eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
Aramco Says No One Hurt in Blast
Tuesday, November 24, 2020Saudi Aramco needed about 40 minutes to put out the fire caused by a missile strike on a fuel depot in the Red Sea city of Jeddah.
Oil Prices Start Week on a Positive Note
Tuesday, November 24, 2020Oil prices started the week on a positive note, capitalizing on recent Covid-19 vaccine news.
Oil Highest Since March on Vaccine and Biden News
Tuesday, November 24, 2020Oil traded at its highest level since March as markets broadly rallied on the start of the U.S. presidential transition process and with the demand outlook strengthening after a string of positive vaccine breakthroughs.
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.
Wintershall Dea Sets Net Zero Target
Monday, November 23, 2020Wintershall Dea aims to achieve net zero emissions on its upstream activities by 2030.
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.
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.
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.
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.
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.
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.
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.
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).
Covid Downturn Slashes Oz Oil Workforce
Thursday, November 19, 2020The Covid-19 pandemic has caused a loss of over 28,000 oil and gas jobs in Australia this year.
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.
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.
OPEC Revises 2020 Oil Demand Forecast
Wednesday, November 18, 2020OPEC has lowered its 2020 oil demand forecast to -9.8 million barrels per day.
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.
Total and ADNOC Make CO2 Emission Reduction Deal
Monday, November 16, 2020Total (NYSE: TOT) has signed an agreement with ADNOC to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and CCUS.
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.
Neptune Pledges Mental Health Support
Monday, November 16, 2020Neptune Energy has pledged its support to tackle mental health and youth unemployment issues across the UK and beyond, which it says have intensified as a result of Covid-19.
Equinor Makes Changes at the Top
Monday, November 16, 2020Equinor (OSE: EQNR, NYSE: EQNR) announced changes in its corporate structure and Corporate Executive Committee (CEC) on Monday.
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.
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...