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Macquarie Strategists Forecast Week on Week USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down by 3.4 million barrels for the week ending May 16.
6:50 AM EST | May 21, 2025
Equinor Finds Potential CO2 Injection Site in North Sea
Two appraisal wells drilled by Equinor in the North Sea about 12 miles east of the Troll A platform have shown a suitable reservoir for carbon CO2 storage.
4:49 AM EST | May 21, 2025
EU Adopts Sanctions on Russian Shadow Fleet, Hybrid Threats
'The longer Russia wages war, the tougher our response'.
2:30 AM EST | May 21, 2025
ADNOC Pens Deal with Tubacex to Localize Tubular Tech in UAE
Tubacex is set to create a specialized research and development center in Abu Dhabi.
2:30 AM EST | May 21, 2025
Subsea7 Secures Work Offshore Norway from ConocoPhillips
Subsea7 secured a large contract from ConocoPhillips for a FEED study for the PPF development project offshore Norway.
2:30 AM EST | May 21, 2025
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said.
4:00 PM EST | May 20, 2025
WTI, Brent Edge Lower in Choppy Trade
Traders remain cautious amid mixed signals on sanctions and global supply.
3:44 PM EST | May 20, 2025
Vistra to Acquire Lotus Gas Power Plants for $1.9B
The plants have a combined capacity of 2,557 MW.
10:45 AM EST | May 20, 2025
There Were 3 Drivers to Monday's USA Natural Gas Price Pullback
There were three drivers to yesterday's U.S. natural gas price pullback, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone.
10:25 AM EST | May 20, 2025
DOE Backs LNG Exports in Verdict on Biden-Era Study
The DOE said it will proceed with issuing final orders on pending applications to export LNG to non-FTA countries.
9:34 AM EST | May 20, 2025
Chariot Regains Interest in Moroccan Offshore Assets
Chariot said it will continue to assess the additional potential of the wider Lixus and Rissana license areas.
9:00 AM EST | May 20, 2025
Texas RRC Tightens Permitting Rules for Permian Disposal Wells
The new regulations are designed to help ensure injected fluids stay contained within disposal formations, thereby protecting ground and surface freshwater.
8:43 AM EST | May 20, 2025
Analyst Says Trump Essentially Walked Away from Russia-Ukraine War
'What this means for the oil price is rather foggy', said Bjarne Schieldrop, Chief Commodities Analyst at SEB.
8:42 AM EST | May 20, 2025
Valeura Energy Makes FID on Wassana Field in Gulf of Thailand
The redevelopment of the Wassana field will be done through a new-build central processing platform to optimize full block potential.
8:00 AM EST | May 20, 2025
USA Energy Consumption Will Grow in 2025
U.S. energy consumption will grow this year, the U.S. Energy Information Administration projected in its latest short term energy outlook.
7:18 AM EST | May 20, 2025
ADNOC Gas to Join MSCI Emerging Markets Index
'The development is set to increase the Company's visibility among international institutional investors'.
6:27 AM EST | May 20, 2025
UK, EU Agree to Link Carbon Markets in Post-Brexit Reset
The move comes as part of Monday's UK-EU summit.
4:56 AM EST | May 20, 2025
Russia Detains Oil Tanker That Left Estonia, Report Says
The vessel is owned by Aegean Shipping of Greece and carrying shale oil on board.
4:30 AM EST | May 20, 2025
Eni in Talks to Sell 20 Percent of RE Unit to Ares
The potential sale places an equity value of EUR 9.8 billion to EUR 10.2 billion on Plenitude, 'corresponding to an enterprise value of more than EUR 12 billion'.
3:00 AM EST | May 20, 2025
EOG Secures Oil Acreage in Abu Dhabi
The U.S. company has been awarded Unconventional Onshore Block 3, located in an oil-prone basin in the Al Dhafra region.
2:30 AM EST | May 20, 2025
India Readies Gas Power Fleet to Prevent Summer Blackouts
Electricity demand in the country has outpaced generation growth, resulting in shortages when consumption surges.
4:00 PM EST | May 19, 2025
Oil Ends Higher After Volatile Day
Uncertainty over sanctions on Iran and Russia kept markets volatile despite modest gains.
3:48 PM EST | May 19, 2025
South Bow Sees Sequential Rise in Earnings
Net income was $88 million, up from $55 million for the prior quarter.
10:30 AM EST | May 19, 2025
North America Adds Rigs for First Time in Months
North America added five rigs week on week, according to Baker Hughes' latest North America rotary rig count.
10:24 AM EST | May 19, 2025
Venture Global Exported Record LNG in Q1
Venture Global exported 233.6 TBtu of LNG in Q1.
10:01 AM EST | May 19, 2025
Weatherford Enters into Collaboration with Amazon Web Services
As part of the collaboration, Weatherford will have AWS as its preferred cloud provider and will migrate its software and hardware suite to AWS.
9:00 AM EST | May 19, 2025
Africa Oil Corp Announces New Brand Identity
Africa Oil Corp. announced a new brand identity with a change of name.
8:45 AM EST | May 19, 2025
ADNOC Signs Agreements for Potential $60B of USA Investments
The agreements were made during the UAE-US business dialogue with President Donald Trump.
8:00 AM EST | May 19, 2025
Strathcona Bares Unsolicited Bid for MEG, Sells Montney Assets
Strathcona entered into definitive deals to divest 'substantially all of its Montney assets' for about $2.04 billion, as it prepares to make a hostile bid to take over fellow Canadian thermal oil producer MEG.
7:14 AM EST | May 19, 2025
Spain Boosts Costlier Gas Power to Secure Grid After Blackout
Spain is boosting generation from costlier gas-fired power plants in the wake of a nationwide blackout.
7:06 AM EST | May 19, 2025
OPEC+ Did Not Lift Production to Kill the Oil Price, SEB Says
'There is no sign of a blasting price war emerging between OPEC+ and U.S. shale oil producers', SEB Chief Commodities Analyst Bjarne Schieldrop said.
5:36 AM EST | May 19, 2025
ADNOC Acquires Stake in Turkmenistan Block
ADNOC's XRG acquired a 38 percent stake in the Petronas-operated Block I gas and condensate fields on Turkmenistan's side of the Caspian Sea.
4:40 AM EST | May 19, 2025
Nigeria Remains Top Recipient of Shell Payments to Governments
Nigeria received $3.8 billion in production entitlements.
2:52 AM EST | May 19, 2025
China Fossil Fuels Production Retreats from Record Levels
Chinese fossil fuels output fell in April from the record levels hit in the prior month, although gas, oil and coal increased compared to the previous year.
2:30 AM EST | May 19, 2025
Tamboran Prepares for Major Drilling in Beetaloo Basin
'Having successfully raised funding to progress drilling activity in the Beetaloo Basin, we are focused on delivering the largest single drilling campaign in the region to date'.
2:30 AM EST | May 19, 2025
Malaysia Committed to 2025 Petrol Subsidy Cut But No Fixed Date
Malaysia is committed to reducing petrol subsidies in the second half of the year and is refining its plan as U.S. tariffs darken the economic outlook.
8:00 AM EST | May 18, 2025
Trump Targets Billions in Energy Grants for New Round of Audits
Energy Secretary Chris Wright is ordering the stepped-up scrutiny.
8:00 AM EST | May 17, 2025
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade.
4:00 PM EST | May 16, 2025
Oil Rises as Iran Talks Stall
Oil prices rose after Iran downplayed progress in nuclear talks with the US.
3:49 PM EST | May 16, 2025
Phillips 66 Sells Majority Stake in German, Austrian Retail Unit
Phillips 66 will retain a non-operated 35 percent stake and continue supplying the retail sites through a German refinery.
11:17 AM EST | May 16, 2025
Natural Gas Retreats Amid Repeated Substantial Injections, EBW Analyst Says
'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.
10:50 AM EST | May 16, 2025
Company Founded by Trump's Energy Chief Predicts a Shale Slowdown
Liberty Energy Inc., the oil services company founded by U.S. Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year.
9:30 AM EST | May 16, 2025
DOE Cuts Off $89MM Harvard Grant amid Stand-Off with Trump
Harvard lost about $89 million more in federal funding, this time from the DOE, as the university defies demands from the Trump administration over its purported inaction on campus antisemitism.
8:11 AM EST | May 16, 2025
USA Crude Oil Inventories Rise by 3.5MM Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 441.8 million barrels on May 9, the EIA's latest weekly petroleum status report showed.
7:33 AM EST | May 16, 2025
Legislation for Great British Energy Passes Through Parliament
'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
5:09 AM EST | May 16, 2025
First Nations to Acquire Stake in Enbridge's BC Pipeline
Enbridge and a partnership of 36 BC First Nations inked a deal for the Indigenous groups to acquire a 12.5 percent ownership in a 3.6-Bcfd natural gas pipeline.
3:57 AM EST | May 16, 2025
Philippines Charts Ambitious Plan to Export Green Power
'It's not only Taiwan that has approached us but other countries in anticipation of excess capacity in renewable energy'.
2:30 AM EST | May 16, 2025
Eni Starts Gas Production in Merakes East offshore Indonesia
Eni expects the field to deliver net gas production of 100 MMscfd or about 18,000 boed.
2:09 AM EST | May 16, 2025
IEA Says Global Oil Demand Growth to Slow For Rest of 2025
Faltering consumption threatens a further blow to oil prices.
5:00 PM EST | May 15, 2025
Oil Slips as Trump Eyes Iran Deal
Demand concerns and rising OPEC+ output continue to pressure prices.
3:50 PM EST | May 15, 2025
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