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Shell Plans to Divest 1K Retail Sites in Shift to EV Charging
Shell plans to divest 500 retail sites annually over the next two years.
8:00 PM EST | March 17, 2024
Oil Market Sentiment Has Improved Significantly
'Brent oil prices have risen to a four-month high'.
8:00 PM EST | March 17, 2024
UK CCUS Plans Outdated: Think Tank
The UK government's CCUS strategy is based on optimistic assumptions that are 'outdated and unrealistic' and could risk locking consumers into a 'high-cost, fossil-based future'.
8:00 PM EST | March 17, 2024
Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 PM EST | March 15, 2024
Russia Hits Odesa After Ukraine Targets Oil Plant Near Moscow
Russia hit the Black Sea port of Odesa on Friday in a deadly missile attack, hours after Ukrainian drones targeted a small petrochemical plant near the Moscow region.
8:00 PM EST | March 14, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
8:00 PM EST | March 14, 2024
Biden LNG Freeze Delaying Projects and Risking USA Market Share
The Biden administration's pause on new licenses for LNG exporters is already stalling progress for projects that were aiming to come online later this decade.
8:00 PM EST | March 14, 2024
Rystad Looks at the Buzz Around White Hydrogen
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
8:00 PM EST | March 14, 2024
ABL Bags Contracts for LLOG's GOM Asset, Japanese Wind Farm
ABL will provide marine warranty survey services for the subsea development of the Salamanca development project in the Gulf of Mexico.
8:00 PM EST | March 14, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe
Physical oil markets in Europe are weakening - quashing a rally.
8:00 PM EST | March 13, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
8:00 PM EST | March 13, 2024
ACEN Partners with BrightNight for $1.2B of Philippine Renewable Projects
The partnership plans to develop and construct 1.0 gigawatts alternating current (GWac) of renewable energy projects in the Philippines.
8:00 PM EST | March 13, 2024
Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
Ukrainian drone attacks halted three oil refineries deep within Russian territory.
8:00 PM EST | March 12, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
8:00 PM EST | March 12, 2024
DOE Looks to Purchase More Oil for SPR
'This is a continuation of DOE's strategy of consistent solicitations aimed at purchasing oil when it can purchase at a good deal for taxpayers'.
8:00 PM EST | March 12, 2024
Red Sea Region Sees Another Watershed Incident
Dryad Global noted that the Gulf of Aden and Red Sea 'have seen another watershed incident'.
8:00 PM EST | March 12, 2024
USA Direct Air Capture Firm Scores Funding From Aramco, Others
Los Angeles-based direct air capture (DAC) company CarbonCapture Inc., has completed its $80 million Series A financing.
8:00 PM EST | March 12, 2024
Surging Gasoline Prices Add Inflation Risk in USA Election Year
U.S. gasoline futures have jumped sharply in recent weeks.
8:00 PM EST | March 11, 2024
SEB Commodities Chief Analyzes Oil Price Moves
'Optimism for oil was tempered on Friday,' the commodities chief said.
8:00 PM EST | March 11, 2024
Equinor Launches 531-MW Solar Plant in Brazil
The Mendubim plant will produce 1.2 terawatt-hours (TWh) of power annually.
8:00 PM EST | March 11, 2024
Vopak, Air Liquide Partner for Ammonia, Hydrogen in Singapore
The two companies will study and explore the joint development of low carbon ammonia supply chains in Singapore.
8:00 PM EST | March 11, 2024
IPAA Disappointed in Biden's SOTU Address
'President Biden continues to divide us,' Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman said.
8:00 PM EST | March 10, 2024
GlobalData Says These Themes Will Dictate Oil and Gas Outlook in 2024
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
8:00 PM EST | March 10, 2024
USA Crude Stocks Rise
Crude oil stocks in the U.S., not including the SPR, stood at 448.5 million barrels on March 1, the EIA revealed.
7:00 PM EST | March 07, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
7:00 PM EST | March 07, 2024
VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
'Coalition warships responded and are assessing the situation,' U.S. Central Command said.
7:00 PM EST | March 07, 2024
OEUK Says Windfall Tax Extension Is Disappointing Blow
'The industry is being taxed on windfall profits which no longer exist', OEUK said.
7:00 PM EST | March 07, 2024
Nigeria Announces Measures to Bolster Oil and Gas Investment
Nigeria introduced new measures aimed at revamping investment in the country's oil and natural gas sector.
7:00 PM EST | March 06, 2024
Data Extracted from Flight Recorder of Crashed Helicopter
'The work of analyzing the data is ongoing', the NSIA said.
7:00 PM EST | March 06, 2024
Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
Rystad Energy and Skandinaviska Enskilda Banken AB (SEB) offer their views.
7:00 PM EST | March 06, 2024
Viaro Teams Up with Newcleo for Low-Carbon Nuclear Tech
Viaro and newcleo have signed a memorandum of understanding outlining a framework for planned collaborative activities to decarbonize Viaro's existing and future oil and gas infrastructure.
7:00 PM EST | March 06, 2024
Vessel Sinks in Red Sea After Missile Strike
'The approximately 21,000 metric tons of ammonium phosphate sulfate fertilizer that the vessel was carrying presents an environmental risk in the Red Sea', U.S. Central Command said.
7:00 PM EST | March 05, 2024
Japex Eyes CCUS, BECCS Projects in Alberta
Japex signed a memorandum of understanding (MoU) with Invest Alberta Corporation.
7:00 PM EST | March 05, 2024
Cenovus Blasts Canadian Government for Lack of Support for Carbon Capture
Cenovus Energy blasted the Canadian government for not providing enough financial support for the oil-sands industry's proposed $12.2 billion carbon capture system.
7:00 PM EST | March 05, 2024
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will rise for the week ending March 1.
7:00 PM EST | March 05, 2024
Standard Chartered Looks at International Energy Week
'The fringe events have grown far beyond the scale of the eponymous official event,' Standard Chartered analysts said.
7:00 PM EST | March 05, 2024
Spain Urges EU to Take Tougher Stance on Russian LNG Imports
Spain has asked the European Union to take a tougher stance on Russian liquefied natural gas imports.
7:00 PM EST | March 04, 2024
Rystad Flags Unexpected Increase in Henry Hub Prices
An unexpected increase in Henry Hub prices is countering bearish fundamentals seen in recent weeks, Rystad Energy Senior Analyst Lu Ming Pang said.
7:00 PM EST | March 04, 2024
Rystad, Macquarie Talk OPEC+ Cut Extension
Rystad Energy and Macquarie look at the latest OPEC+ developments.
7:00 PM EST | March 04, 2024
Russia Recovers From Ukraine Drone Strikes as Oil Refining Rises
Russian refineries' recovery from Ukrainian drone attacks helped the country's oil processing to pick up in the second half of February.
7:00 PM EST | March 04, 2024
Norway Safety Authority Finds Wreckage of Helicopter Crash
'The wreckage was found at 20.14 hours at approx. 220 meters depth,' the NSIA said.
7:00 PM EST | March 04, 2024
China Barred From Buying USA Oil Reserves in Funding Bill
Republican critics have sought to bar the sale of oil from the Strategic Petroleum Reserve to China.
7:00 PM EST | March 03, 2024
OC Tanner Says Oil Leaders Need to Revisit Employee Appreciation
'Showing regular recognition for efforts, results, and career milestones is key for engaging and retaining your people," O.C. Tanner said.
7:00 PM EST | March 03, 2024
What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
Rigzone speaks to the Chertoff Group, Dryad Global, and International SOS.
7:00 PM EST | March 03, 2024
Alberta Imposes New Requirements on Renewable Projects
The Alberta Utilities Commission said it will take an 'agriculture-first' approach.
7:00 PM EST | March 03, 2024
Equinor, Orsted Get OK for New York Offshore Wind Projects
Equinor's 810-MW Empire Wind 1 and Orsted's 924-MW Sunrise Wind will be the largest power generation projects in the state in over 35 years once they enter operation in 2026.
7:00 PM EST | March 03, 2024
BofA Reveals Where it Sees The Oil Price Heading
In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term.
7:00 PM EST | February 29, 2024
Europe Awash With Gas Is Set to Rely More on Ukraine for Storage
'European storage is at risk of hitting tank tops before the beginning of the heating season'.
7:00 PM EST | February 29, 2024
Has Oil and Gas Production Been Affected by the Texas Wildfires?
In a release posted on its website on February 29, the Texas A&M Forest Service noted that the largest wildfire in Texas history was actively burning that day.
7:00 PM EST | February 29, 2024
UK to Invest $26.5B in Hydrogen Projects
'We are cementing the UK's place as a world leader in hydrogen'.
7:00 PM EST | February 29, 2024