Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Oil Falls as High US Inflation Persists
Rigzone
Tue, 14 May 2024 19:58:10 GMT
Oil fell as US economic data showed inflation remains elevated, adding to bets the Federal Reserve won't rush to cut interest rates this year.
Read More
USA EIA Cuts WTI Oil Price Forecast for 2024 and 2025
Rigzone
Tue, 14 May 2024 15:08:19 GMT
The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast for 2024 and 2025.
Read More
ADNOC Drilling Forms New Firm to Complete 144 Unconventional Wells
Rigzone
Tue, 14 May 2024 13:04:46 GMT
ADNOC Drilling has secured a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.
Read More
Suez Canal Sees Significant Decrease in Shipping Traffic
Rigzone
Tue, 14 May 2024 11:17:13 GMT
The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted.
Read More
New Bloomberg Study Warns of $150 Oil
Rigzone
Tue, 14 May 2024 09:39:13 GMT
'An escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel'.
Read More
Trump Vows Day One Executive Order Targeting Offshore Wind
Rigzone
Mon, 13 May 2024 20:00:00 GMT
Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president.
Read More
Oil Rises While Locked in Narrow Range
Rigzone
Mon, 13 May 2024 19:25:40 GMT
Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a narrow band.
Read More
North America Rig Losses Continue
Rigzone
Mon, 13 May 2024 14:48:20 GMT
North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.
Read More
USA EIA Lowers Brent Oil Price Forecasts
Rigzone
Mon, 13 May 2024 11:03:42 GMT
The U.S. Energy Information Administration lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook.
Read More
GlobalData Says Digital Twins Are Becoming Mainstay in Oil and Gas Ops
Rigzone
Mon, 13 May 2024 08:48:39 GMT
GlobalData's thematic intelligence center estimates that the global digital twins market will be worth $154 billion by 2030.
Read More
China Raises Coal, Gas Imports amid Low Prices
Rigzone
Mon, 13 May 2024 06:30:00 GMT
China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer.
Read More
Norway Expands NCS Licensing Areas by 37 Blocks
Rigzone
Fri, 10 May 2024 14:00:00 GMT
Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.
Read More
Biden Urged to Halt Approvals of Deepwater Oil Export Facilities for Review
Rigzone
Fri, 10 May 2024 13:30:00 GMT
The Transportation Department said extensive environmental reviews are already required to obtain a license for a deepwater port.
Read More
China's First Oil Shipment From Niger Stymied by Border Dispute
Rigzone
Thu, 09 May 2024 21:00:00 GMT
China's first shipment of crude from Niger has been blocked by a border dispute.
Read More
Oil Edges Higher on Technicals as Stockpiles Fall
Rigzone
Thu, 09 May 2024 19:30:34 GMT
Oil edged higher as key technical levels provided a floor for losses while investors digested a mixed US inventories report.
Read More
API Comments on Final EPA Revisions to GHG Reporting Program
Rigzone
Thu, 09 May 2024 13:48:20 GMT
'API has raised serious concerns'.
Read More
JP Morgan Analysts Talk Trump 2.0 and Commodity Impact
Rigzone
Thu, 09 May 2024 11:57:56 GMT
Analysts at J.P. Morgan looked at 'key policies' that could change under a new Donald Trump administration.
Read More
Standard Chartered Analysts Flag Oil Trader Pessimism
Rigzone
Thu, 09 May 2024 09:51:26 GMT
'We think there is only one explanation that might hold enough water to fit the combination of OPEC+ signaling for higher prices but traders pushing prices lower,' Standard Chartered analysts said.
Read More
Oil Rises as US Inventories Fall
Rigzone
Wed, 08 May 2024 19:14:22 GMT
Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.
Read More
BW Group to Spin Off BW Energy
Rigzone
Wed, 08 May 2024 13:14:50 GMT
The move will not involve 'any change to the ultimate control of the business'.
Read More