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BSEE Concludes Shell Vito Platform Pre-Production Inspection
Wednesday, May 18, 2022Bureau of Safety and Environmental Enforcement inspectors have wrapped up the pre-production inspection on Shell's new platform - Vito.
Westwood: Offshore Rig Utilization Way Higher Than Initially Thought
Wednesday, May 18, 2022Utilization is one of the key barometers of the health of the offshore rig market but it appears that the numbers don't show the true story.
Helix Increases Presence In Gulf Of Mexico Decom Market
Wednesday, May 18, 2022Helix Energy Solutions has entered into a definitive agreement to acquire Alliance for $120 million cash at closing.
Eni Begins Process of Opening Gazprom Bank Current Accounts
Wednesday, May 18, 2022One of the accounts is in Euros and the second is in Rubles, according to Eni.
USA Gasoline Price Hits Another Record
Wednesday, May 18, 2022The average price of regular gasoline in the U.S. hit another record high on Wednesday.
Russian Oil Producers Start Using Tankers the World Did Not Want
Wednesday, May 18, 2022Russian oil producers are starting to book up an increasing number of tankers owned by the nation's state tanker company.
Oil and Equities Fall as China Lockdowns Lower Demand Outlook
Wednesday, May 18, 2022Oil fell to the lowest in nearly a week amid a broader market selloff while additional coronavirus outbreaks in China dampened crude's demand outlook.
Cory, Northern Lights Create International CCS Partnership
Tuesday, May 17, 2022Cory and Northern Lights have announced an MoU to collaborate on the realization of a major CCS project between the UK and Norway.
MPs Set to Vote on Windfall Tax
Tuesday, May 17, 2022There will be a vote in the House of Commons on Tuesday on whether to slap a windfall tax on energy company profits.
USA Lease Sale Cancellation Leaves Industry in Limbo
Tuesday, May 17, 2022The move leaves the industry in limbo, according to Fitch Solutions.
Insured Marine Losses from Conflict Could Cost $6B
Tuesday, May 17, 2022Dryad Global's latest Maritime Security Threat Advisory highlighted reports that industry-wide insured marine losses from the Russia-Ukraine conflict could range from $3-6 billion.
New Oil Traders Fill Void
Tuesday, May 17, 2022The ability of Russia to find middlemen, ships and buyers for its crude is pivotal for both the global oil market and Moscow.
Chevron Sanctions Ballymore Gulf Of Mexico Project
Tuesday, May 17, 2022Chevron has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico.
Oil Down on Talks of Oil License Negotiations
Tuesday, May 17, 2022
Market Searching for Coherent Direction
Monday, May 16, 2022Rigzone's regular energy prognosticators take a look at public policy's role in energy markets, the war in Ukraine, LNG shipments and more.
No Offshore Oil Auctions Devastating To Americans, NOIA Says
Monday, May 16, 2022NOIA President Erik Milito has issued a response to the decision not to move forward with planned GoM and Alaska oil and gas lease sales.
Germany to Stop Russian Oil Imports
Monday, May 16, 2022Germany plans to stop importing Russian oil by the end of the year.
UK Activists Stop Russian Tanker With $36.5M Of Diesel
Monday, May 16, 2022Greenpeace activists have stopped a tanker carrying 33,000 tons of Russian diesel worth an estimated $36.5 million from docking in Essex.
Henry Hub Price Expected to Average $8.69 in 3Q
Monday, May 16, 2022The EIA's newest Henry Hub forecasts mark a notable increase to the organization's previous projections.
USA Adds Flurry of Rigs
Monday, May 16, 2022The U.S. added nine rigs week on week, according to Baker Hughes.
Euro Area Would Barely Grow If Russian Gas Cut Off
Monday, May 16, 2022The euro area's pandemic recovery would almost grind to a halt.
Oil Rallies to March highs as Fuel Markets Intensify
Monday, May 16, 2022Oil rallied above $114 as a global squeeze on refined products prompted concerns about summertime supplies and continued to pull fuel prices higher.
Oil And Gas Climate Policies Still Too Hot For The Planet
Sunday, May 15, 2022According to a new analysis by the Carbon Tracker Initiative, the oil and gas industry is utterly without standardized policies shaped by climate science.
Ban on Excessive Gasoline Prices Heading for Vote
Sunday, May 15, 2022The US Congress will vote next week on legislation.
California $19Bn Carbon Market Not Good Enough To Curb Emissions
Saturday, May 14, 2022California's carbon market was supposed to be a model for the US, harnessing the power of capitalism to fight climate change in the world's fifth-biggest economy.
Top Headlines: Massive Heerema Thialf Vessel To Start Kinsale Head Removal
Saturday, May 14, 2022Check out some of Rigzone's top stories this week.
This Is Where the Oil Price Would Be Without the War
Friday, May 13, 2022The price of crude oil would be very different, a new report has outlined.
Europe Looks To Africa For More Gas As E&P Reconsiders Projects
Friday, May 13, 2022Africa is conservatively forecast to reach peak gas production at 470 bcm by the late 2030s, equivalent to 75% of the expected amount of gas produced by Russia in 2022.
BP Shareholders Retreating From Paris Alignment, Follow This Says
Friday, May 13, 2022Follow This stated that the fight against the climate crisis lost some of its momentum at BP with support for Paris climate targets dropping to 15 pct, down from 21 pct in 2021.
NSTA Supports Reduction Of Subsea Decom Costs In North Sea
Friday, May 13, 2022NSTA will provide support to companies operating in the North Sea to cut subsea decommissioning costs through a new program.
Odfjell Drilling Becomes Operator Of Another Seadrill Rig
Friday, May 13, 2022Odfjell Drilling has agreed with SFL Corporation to provide marketing and management services for the West Hercules rig.
No Biden Band Aid Would Have Kept Balances Tight
Friday, May 13, 2022On March 31, a White House fact sheet outlined that Biden would be announcing 'the largest release of oil reserves in history'.
Oil Stays on Rollercoaster Ride
Friday, May 13, 2022Rigzone's regular market watchers focus on oil's rollercoaster ride, commercial crude stocks, gasoline prices and more.
Aramco Overtakes Apple
Friday, May 13, 2022Saudi Aramco has become the largest company by market cap, according to companiesmarketcap.com.
Oil Up as Refining Restraints Boost Fuel Prices
Friday, May 13, 2022Oil climbed as a global squeeze on refined products continued to pull fuel prices higher with Russian diesel exports falling sharply.
Dryad Highlights Trouble in Black Sea
Thursday, May 12, 2022A country report published by the IEA outlines that the Black Sea-Sea of Azov region in the south is one of three regions where hydrocarbon resources in Ukraine are concentrated.
TotalEnergies, Duke Winners Of U.S. Offshore Wind Energy Auction
Thursday, May 12, 2022The U.S. Department of the Interior has announced results from its wind energy auction in the Carolina Long Bay area.
U.S. Probe Into Solar Imports Threatens New Projects In 2022
Thursday, May 12, 2022As much as 17.5 gigawatts of planned US solar capacity installations in 2022 are in doubt after the Department of Commerce opened an investigation into panel imports from southeast Asia.
Biden Scraps Offshore Oil Auctions
Thursday, May 12, 2022The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska's Cook Inlet.
BP And Equinor Awarded Carbon Capture Licenses
Thursday, May 12, 2022The North Sea Transition Authority has awarded two carbon storage licenses to BP and Equinor with an appraisal term of eight years.
Environmentalists Go To Court To Overturn Bay Du Nord Approval
Thursday, May 12, 2022Environmental groups are challenging in court the decision to approve Equinor's $12 Bn oil and gas Bay du Nord project offshore Canada.
Ukraine Disrupts Gas Deliveries to Europe for First Time
Thursday, May 12, 2022Ukraine disrupts gas deliveries to Europe for the first time, declaring force majeure.
USA EIA Raises Brent Oil Price Forecast
Thursday, May 12, 2022The U.S. Energy Information Administration has raised its 2023 Brent spot average price forecast.
China Is Spoilt for Choice of Oil
Thursday, May 12, 2022Chinese oil buyers are spoilt for choice right now.
Oil Managed Slight Gain Emphasizing Tight Supply
Thursday, May 12, 2022Oil managed a slim gain with the IEA highlighting the precariously tight state of global fuel stockpiles, while the EU signallled its members may not yet be able to agree on a Russian oil ban.
Gas Prices at the Pump at Record High as Summer Driving Season Approaches
Wednesday, May 11, 2022US retail gasoline and diesel prices rallied to a record just ahead of the nation's summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.
Biden Fights to Slash O&G Development on Federal Lands, Waters
Wednesday, May 11, 2022President Joe Biden may yet fulfill a campaign promise to slash oil and gas development on federal lands and waters, if an appeals court rejects an effort by 13 states to expand domestic energy production.
Mike Pence Bashes Socially Conscious Investing Principles
Wednesday, May 11, 2022Former Vice President Mike Pence is criticizing investor-activist campaigns to force companies such as Exxon Mobil to follow socially conscious investing principles, saying they elevate 'left-wing' goals over the interests of businesses and the
Investment Firm Discovers New Way to Measure Supply-Chain Climate Risks
Wednesday, May 11, 2022AQR Capital Management, the investment firm co-founded by Cliff Asness, has come up with a new way to measure supply-chain climate risks.
Ukraine Economy is Expected to Decline by Almost a Third from War
Wednesday, May 11, 2022Ukraine's economy will plunge by almost a third in 2022, more than previously expected, in a scenario in which the war ends this year, the European Bank for Reconstruction and Development said.
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