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ADNOC Announces 650MM Barrel Oil Find

Industry Headlines

BlackRock Told Texas It Will Still Invest In Oil And Gas Share your comments
Sunday, May 22, 2022BlackRock told Texas it's still committed to helping clients invest in the energy industry, rebutting suggestions that the firm boycotts fossil-fuel companies.

Top Headlines: Russian Oil Producers Using Tankers World Didn't Want Share your comments
Saturday, May 21, 2022Check out some of Rigzone's top stories this week.

Oil Hit Weekly Gain as Rising Fuel Demand Offset Broader Economic Fears Share your comments
Friday, May 20, 2022Oil set its fourth straight weekly gain as product markets remain tight amid strong demand, eclipsing concerns about an economic slowdown that have roiled financial markets.

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New API Program Provides Opportunities to Join Natural Gas and Oil Industry
By API API’s SkillsReady career preparedness program aims to educate new and diverse talent for jobs in any segment of the natural gas and oil industry.

6 Power Generating Facilities in Texas Just Tripped Share your comments
Friday, May 20, 2022ERCOT was asking Texans to conserve power when they could.

China Spent Over $6B on Russian Energy Imports in April Share your comments
Friday, May 20, 2022China kept buying more energy from Russia.

Brent-WTI Oil Price Spread Inverts Share your comments
Friday, May 20, 2022Rigzone's regular market watchers focus on the inversion of the Brent-WTI oil price spread, the start of the U.S. hurricane season, gasoline prices and more.

Privateers Push Permian Delaware Output To Record Heights In 2022 Share your comments
Friday, May 20, 2022Total hydrocarbon production in the Permian Delaware Basin will hit a record 5.7 mboepd per day average in 2022, according to Rystad Energy.

Egypt Investing $40Bn To Green Hydrogen Projects Share your comments
Thursday, May 19, 2022Egypt's pipeline for green hydrogen projects stands at 11.62 GW, over 1.57 million tons of the gas, a top three green hydrogen pipeline globally.

New EU Plan Tackling Energy Crisis And Climate Change Share your comments
Thursday, May 19, 2022The European Commission has presented the REPowerEU Plan, its response to the global energy market disruption caused by Russia's invasion of Ukraine.

API Opposes NOPEC Legislation Share your comments
Thursday, May 19, 2022'This legislation creates significant potential detrimental exposure to U.S. diplomatic, military and business interests'.


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Exploration

ADNOC Announces 650MM Barrel Oil Find Share your comments
Friday, May 20, 2022ADNOC has announced multiple onshore oil discoveries.

$650B Worth of Oil Reserves Being Auctioned in Congo Share your comments
Tuesday, May 17, 2022The 16 blocks will go on tender on July 28 and 29 in Kinshasa, the capital.

Energean Makes Another Successful Gas Discovery Off Israel Share your comments
Tuesday, May 10, 2022Energean has made another commercial gas discovery via its Athena exploration well offshore Israel.

CGX, Frontera Hit Oil At Kawa-1 Well Off Guyana Share your comments
Tuesday, May 10, 2022CGX Energy and its JV partner Feontera Energy have hit light oil at the Kawa-1 well in the Corentyne block offshore Guyana.

Empyrean Preparing To Drill Second Well Offshore China In 2023 Share your comments
Thursday, May 05, 2022Empyrean Energy has informed that it will proceed with plans to drill the Topaz exploration well, offshore China, subject to financing.

Permian Explorer Launches Own Mobile Sand Mine to Cut Fracking Costs Share your comments
Wednesday, May 04, 2022The Oklahoma City-based company told investors of a new, so-called mobile frack-sand mine it launched on 15,000 acres of land it owns in the West Texas county of Loving.


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Production

Kenney Says Canada Can Boost Oil Output by 900K BPD Share your comments
Wednesday, May 18, 2022Jason Kenney gave the estimate in testimony before a U.S. Senate committee on Tuesday.

Bakken Gas Production Up In 2021 As Oil Drops Once Again Share your comments
Wednesday, May 18, 2022Annual natural gas production in the Bakken region increased by 9 pct in 2021, even as the region's crude oil production declined by 6 pct.

Texas Oil and Gas Production Drops Month on Month Share your comments
Tuesday, May 17, 2022The preliminary reported total volume of crude oil in Texas in February was 99.07 million barrels.

Equinor To Restart Hammerfest Production After Extensive Repairs Share your comments
Tuesday, May 17, 2022Following an extensive repair operation at Equinor's Hammerfest LNG facility, production is set to resume.

Polish Company To Increase Production From Norwegian Assets Share your comments
Wednesday, May 11, 2022PGNiG Upstream Norway plans to produce an additional volume of approximately 17.5 billion cubic feet of natural gas this year.

Repsol Restarts Yme Production After Repairing Leak Share your comments
Tuesday, May 10, 2022Repsol has restarted production from its Yme field in the North Sea offshore Norway.


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Finance and Investing

Aramco Sets New Quarterly Earnings Record Share your comments
Monday, May 16, 2022Saudi Aramco revealed that it set a new quarterly earnings record.

Brazil Faces Rigorous Inflation Outlook as Interest Rates Rise Share your comments
Tuesday, May 10, 2022Brazil's central bank said much of the impact of its “intense and timely” cycle of interest rate hikes is still to come even as it left the door open to smaller borrowing cost increases amid a tough inflation outlook.

Berkshire Buys More Occidental Stock Share your comments
Thursday, May 05, 2022Berkshire Hathaway Inc. snapped up about 5.9 million more shares of Occidental Petroleum Corp.

Shell Reports Strong 1Q Results Share your comments
Thursday, May 05, 2022Shell reported 'strong results in volatile times'.

Shale Giants Dump Oil Hedges Share your comments
Tuesday, May 03, 2022Producers in the aggregate are looking at about $42 billion in oil and gas hedging losses through 2023, according to BloombergNEF calculations of data from last year.

BP Reports $20B Loss in 1Q Results Share your comments
Tuesday, May 03, 2022The reported loss for the quarter was primarily due to BP's decision to exit its Rosneft shareholding.


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Company Operations

Hess Makes 100 Best Corporate Citizens List Share your comments
Friday, May 20, 2022The company was the only energy business on the list this year.

Chevron Launches Carbon Capture Project In California Share your comments
Friday, May 20, 2022Chevron has launched a carbon capture and storage project aimed at reducing the carbon intensity of its operations in San Joaquin Valley, California.

Vattenfall Gets Funds For First-Ever Hydrogen Producing Wind Turbine Share your comments
Friday, May 20, 2022Vattenfall has been awarded $11.6 million in innovation funding from the Net-Zero Innovation Portfolio Low Carbon Hydrogen Supply 2 fund by the UK Government.

Corvus Setting Up USA Battery Factory For Offshore Vessels Share your comments
Friday, May 20, 2022Battery energy storage systems supplier Corvus has set up a U.S. battery factory to meet market demand for hybrid and zero-emission vessels.

CGG Expands Further With Geocomp Acquisition Share your comments
Friday, May 20, 2022CGG has acquired geotechnical risk management and infrastructure monitoring specialist Geocomp Corporation.

Woodside Chooses ABL For Scarborough Warranty Work Share your comments
Friday, May 20, 2022Woodside has appointed ABL to provide marine warranty services for construction, transportation, and installation work on Scarborough.

Woodside Shareholders Greenlight BHP Merger Share your comments
Thursday, May 19, 202298.66 percent of the votes submitted were in favor of the merger.

TotalEnergies, New Hope Energy Team Up For USA Recycling Project Share your comments
Thursday, May 19, 2022New Hope Energy will build an advanced recycling plant in Texas to transform end-of-life plastic waste into recycled feedstock and partly sell it to TotalEnergies.

Maersk Supply Installs Mooring For Spanish Offshore Wind Turbine Share your comments
Thursday, May 19, 2022Maersk Supply Service has installed the six mooring lines and six anchors at the BIMEP test site from the Maersk Mariner anchor handler.


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